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REGISTERED NUMBER: 11790887 (England and Wales)















KOBIT-B LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2024






KOBIT-B LIMITED (REGISTERED NUMBER: 11790887)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KOBIT-B LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J D Codona
G J Codona





REGISTERED OFFICE: 2nd Floor
Kelburn House
7-19 Mosley Street
Newcastle Upon Tyne
Tyne and Wear
NE1 1YE





REGISTERED NUMBER: 11790887 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

KOBIT-B LIMITED (REGISTERED NUMBER: 11790887)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 436,645 304,595

CURRENT ASSETS
Debtors 5 546,989 406,296
Cash at bank 64,004 39,637
610,993 445,933
CREDITORS
Amounts falling due within one year 6 601,931 551,030
NET CURRENT ASSETS/(LIABILITIES) 9,062 (105,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

445,707

199,498

CREDITORS
Amounts falling due after more than one
year

7

54,365

55,814
NET ASSETS 391,342 143,684

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 391,242 143,584
SHAREHOLDERS' FUNDS 391,342 143,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

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.

KOBIT-B LIMITED (REGISTERED NUMBER: 11790887)

Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

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:





J D Codona - Director


KOBIT-B LIMITED (REGISTERED NUMBER: 11790887)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kobit-B Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on cost
Fixtures and fittings - 5% on cost

Taxation
Taxation for the year comprises current 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.

Current or deferred taxation assets and liabilities are not discounted.

Current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 16 ) .

KOBIT-B LIMITED (REGISTERED NUMBER: 11790887)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023 71,724 264,825 336,549
Additions 3,376 148,864 152,240
At 30 April 2024 75,100 413,689 488,789
DEPRECIATION
At 1 May 2023 8,429 23,525 31,954
Charge for year 2,931 17,259 20,190
At 30 April 2024 11,360 40,784 52,144
NET BOOK VALUE
At 30 April 2024 63,740 372,905 436,645
At 30 April 2023 63,295 241,300 304,595

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 449,521 293,767
Other debtors 6,938 26,830
Prepayments 90,530 85,699
546,989 406,296

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 34,500 140,000
Trade creditors 135,367 166,535
Social security and other taxes 343,880 190,155
Other creditors 23,642 21,930
Accrued expenses 64,542 32,410
601,931 551,030

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,000 34,500
Bank loans - 2-5 years 34,365 21,314
54,365 55,814

KOBIT-B LIMITED (REGISTERED NUMBER: 11790887)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 175,000 175,000
Between one and five years 700,000 700,000
In more than five years 2,279,315 2,104,315
3,154,315 2,979,315

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

At the year end date, the following amounts were owed between related parties:

Kobit A Limited owes £319,763 to Kobit-B Limited (2023 - £201,469 )

Innvest Leisure (Sheff Bo) Limited owes £52,984 to Kobit-B Limited (2023- £19,622.11 owed from Invest Leisure (Sheff Bo) Limited)

Kobit-C Limited owes £54,989 to Kobit-B Limited (2023- £14,911)

The Innvest Leisure Group owes £79,826 to Kobit -B Limited (2023- £80,701)

Kobit-E Limited is owed £58,442 from Kobit-B Limited (2023 - £nil)

Kobit-G Limited owes £399 to Kobit-B Limited (2023 - £nil)