Company registration number 11934943 (England and Wales)
KAL HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KAL HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KAL HOLDINGS LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
3
1,306,095
1,306,095
Current assets
-
-
Creditors: amounts falling due within one year
4
(853)
(853)
Net current liabilities
(853)
(853)
Total assets less current liabilities
1,305,242
1,305,242
Creditors: amounts falling due after more than one year
5
(1,305,095)
(1,305,095)
Net assets
147
147
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
(853)
(853)
Total equity
147
147

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 25 January 2025
Mr K Lawal
Director
Company registration number 11934943 (England and Wales)
KAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Kal Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 95/97 Lower Addiscombe Road, Croydon, Surrey, CR0 6PT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

The company is dependant upon the continued support of the Parent company via the provision of an interest free loan. An undertaking has been given by the Parent company that this facility, will not be sought until such time that retained profits have returned to a surplus. Therefore the going concern basis is considered appropriate.true

1.3
Profit and loss account

The company has not traded during the year or the preceding financial period. During this time, the company received no income and incurred no expenditure and therefore no Profit and loss account is presented in these financial statements.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
KAL HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
3
Investment property
2024
£
Fair value
At 1 October 2023 and 30 September 2024
1,306,095

Investment property comprises £1,306,095. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 30th September 2024 by the director.

4
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
853
853
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
1,305,095
1,305,095

The amount owed to the parent company, Kolajola UK Ltd, is interest free with no security and no fixed repayments terms.

6
Related party transactions
2024
2023
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
1,306,095
1,306,095
7
Parent company

The ultimate parent company of Kal Holdings Limited is Kolajola (UK) Limited. The registered office is 95/97 Lower Addiscombe Road, Croydon, Surrey CR0 6PT.

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