REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023 |
FOR |
KUALA INVESTMENTS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2022 TO 31 DECEMBER 2023 |
FOR |
KUALA INVESTMENTS LIMITED |
KUALA INVESTMENTS LIMITED (REGISTERED NUMBER: 11019315) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Period 1 October 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KUALA INVESTMENTS LIMITED |
COMPANY INFORMATION |
for the Period 1 October 2022 to 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
10 London Mews |
Paddington |
LONDON |
W2 1HY |
KUALA INVESTMENTS LIMITED (REGISTERED NUMBER: 11019315) |
BALANCE SHEET |
31 December 2023 |
31.12.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
KUALA INVESTMENTS LIMITED (REGISTERED NUMBER: 11019315) |
BALANCE SHEET - continued |
31 December 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
KUALA INVESTMENTS LIMITED (REGISTERED NUMBER: 11019315) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Period 1 October 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Kuala Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at fair value. Losses on impairment or gains on upward revaluations are recognised in the income statement in the year they arise. |
Tangible fixed assets |
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended ny management. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives as indicated below: |
Depreciation is provided on the following basis: |
Plant and machinery - 33.33% straight line |
The assets' residual values, useful lives and depreciation methods are reviewed annually and adjusted accordingly if applicable. |
Financial instruments |
The Company only enters into basic financial instruments transactions that result in the recognition of financial liabilities like loans from related parties. |
The basic financial liabilities as listed above are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised costs using the effective interest method, less any impairment. An impairment review is undertaken annually at the balance sheet date. |
Taxation |
Taxation for the year comprises of current year and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Taxation assets and liabilities are not discounted. |
Tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date |
Deferred taxation assets and liabilities are not discounted. |
Deferred tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date or future periods as applicable. |
KUALA INVESTMENTS LIMITED (REGISTERED NUMBER: 11019315) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 October 2022 to 31 December 2023 |
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST OR VALUATION |
At 1 October 2022 |
Disposals | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 September 2022 |
Cost or valuation at 31 December 2023 is represented by: |
Other |
intangible |
assets |
£ |
Valuation in 2018 | (2,025 | ) |
Valuation in 2020 | 11,782 |
Valuation in 2020 | 1,481 |
Valuation in 2021 | 44,412 |
Valuation in 2022 | (29,622 | ) |
26,028 |
KUALA INVESTMENTS LIMITED (REGISTERED NUMBER: 11019315) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Period 1 October 2022 to 31 December 2023 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 October 2022 |
Disposals | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 October 2022 |
Eliminated on disposal | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 30.9.22 |
£ | £ |
Trade creditors |
Taxation and social security |
Other creditors |
7. | RELATED PARTY DISCLOSURES |
As at 31 December 2023 the company owed the directors £1,531 (2022: £1,531). No interest is payable on the loans which are repayable on demand. |