1 September 2023 false No description of principal activity Taxfiler 2024.6 SC572922business:PrivateLimitedCompanyLtd2023-09-012024-08-31 SC5729222023-08-31 SC5729222023-09-012024-08-31 SC572922business:AuditExemptWithAccountantsReport2023-09-012024-08-31 SC572922business:FilletedAccounts2023-09-012024-08-31 SC5729222024-08-31 SC572922business:Director12023-09-012024-08-31 SC572922business:Director22023-09-012024-08-31 SC572922business:RegisteredOffice2023-09-012024-08-31 SC5729222023-08-31 SC572922core:WithinOneYear2024-08-31 SC572922core:WithinOneYear2023-08-31 SC572922core:AfterOneYear2024-08-31 SC572922core:AfterOneYear2023-08-31 SC572922core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 SC572922core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 SC572922core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 SC572922core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 SC572922core:PreviouslyStatedAmount2024-08-31 SC572922core:PreviouslyStatedAmount2023-08-31 SC572922business:SmallEntities2023-09-012024-08-31 SC572922countries:Scotland2023-09-012024-08-31 SC572922core:AfterOneYear2023-09-012024-08-31 SC5729222022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. SC572922 (Scotland)
Kayaas Ltd Unaudited accounts for the year ended 31 August 2024
Kayaas Ltd Unaudited accounts Contents
Page
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Kayaas Ltd Company Information for the year ended 31 August 2024
Directors
Halil Kaya Jessica Sinem Kaya
Company Number
SC572922 (Scotland)
Registered Office
137 Main Street Newtongrange Dalkeith EH22 4PF
Accountants
Accounting Solutions (UK) Ltd 85 Great Portland Street First Floor London W1W 7LT
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Kayaas Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
103,784 
103,784 
Current assets
Cash at bank and in hand
447 
770 
Creditors: amounts falling due within one year
(28,139)
(26,063)
Net current liabilities
(27,692)
(25,293)
Total assets less current liabilities
76,092 
78,491 
Creditors: amounts falling due after more than one year
(77,038)
(88,918)
Net liabilities
(946)
(10,427)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(947)
(10,428)
Shareholders' funds
(946)
(10,427)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by
Halil Kaya Director Company Registration No. SC572922
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Kayaas Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Kayaas Ltd is a private company, limited by shares, registered in Scotland, registration number SC572922. The registered office is 137 Main Street, Newtongrange, Dalkeith, EH22 4PF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is attributable to the company's principal activity of rental of properties.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
103,784 
At 31 August 2024
103,784 
The director has considered the market value of investment properties as of 31 August 2022 and of the opinion that the fair value in the accounts does not materially differ from the market value.
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Kayaas Ltd Notes to the Accounts for the year ended 31 August 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,988 
6,988 
Loans from directors
20,801 
18,725 
Accruals
350 
350 
28,139 
26,063 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
77,038 
88,918 
The company has a business loan of £105,000 from Bank of Scotland Plc repayable by monthly instalments over 15 years. Bank of Scotland holds a floating charge and standard security overall properties and assets of the company.
7
Transactions with related parties
At the year end, company owes its director amount of £12,200. The amount is interest free and is payable on demand.
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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