Kineagle Investments Limited 14833727 false 2023-04-28 2024-04-30 2024-04-30 The principal activity of the company is property investment management. Digita Accounts Production Advanced 6.30.9574.0 true true 14833727 2023-04-28 2024-04-30 14833727 2024-04-30 14833727 bus:OrdinaryShareClass1 2024-04-30 14833727 core:RetainedEarningsAccumulatedLosses 2024-04-30 14833727 core:ShareCapital 2024-04-30 14833727 core:CurrentFinancialInstruments 2024-04-30 14833727 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14833727 bus:SmallEntities 2023-04-28 2024-04-30 14833727 bus:AuditExemptWithAccountantsReport 2023-04-28 2024-04-30 14833727 bus:FilletedAccounts 2023-04-28 2024-04-30 14833727 bus:SmallCompaniesRegimeForAccounts 2023-04-28 2024-04-30 14833727 bus:RegisteredOffice 2023-04-28 2024-04-30 14833727 bus:Director1 2023-04-28 2024-04-30 14833727 bus:OrdinaryShareClass1 2023-04-28 2024-04-30 14833727 bus:PrivateLimitedCompanyLtd 2023-04-28 2024-04-30 14833727 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-04-28 2024-04-30 14833727 1 2023-04-28 2024-04-30 14833727 countries:AllCountries 2023-04-28 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14833727

Kineagle Investments Limited

Unaudited Filleted Financial Statements

for the Period from 28 April 2023 to 30 April 2024

Pages for filing with Registrar

 

Kineagle Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Kineagle Investments Limited

Company Information

Director

T Webb

Registered office

Old Gunn Court
1 North Street
Dorking
RH4 1DE

Registered number

14833727

Accountant

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Kineagle Investments Limited

(Registration number: 14833727)
Balance Sheet as at 30 April 2024

Note

2024
£

Current assets

 

Debtors

5

31,674

Cash at bank and in hand

 

92,346

 

124,020

Creditors: Amounts falling due within one year

6

(126,370)

Net liabilities

 

(2,350)

Capital and reserves

 

Called up share capital

7

100

Profit and loss account

(2,450)

Total equity

 

(2,350)

 

Kineagle Investments Limited

(Registration number: 14833727)
Balance Sheet as at 30 April 2024

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the director on 28 January 2025
 

.........................................

T Webb
Director

 

Kineagle Investments Limited

Notes to the Unaudited Financial Statements for the Period from 28 April 2023 to 30 April 2024

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales..

The address of its registered office is:
Old Gunn Court
1 North Street
Dorking
RH4 1DE
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

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

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern. The company is supported by loans from its shareholders, which will be utilised for the purchase and development of commerical property.

Disclosure of long or short period

These financial statements have been prepared for the lengthened period from incorporation to the first accounting reference date, being 30 April 2024.

Investment property

Investment property under construction is included at cost. When the property is brought into use it is carried at fair value, derived from current market rates and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific value. The fair value of these assets are assessed annually. No depreciation is provided, changes in fair value are recognised in profit or loss.

 

Kineagle Investments Limited

Notes to the Unaudited Financial Statements for the Period from 28 April 2023 to 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank.

Trade creditors

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Kineagle Investments Limited

Notes to the Unaudited Financial Statements for the Period from 28 April 2023 to 30 April 2024

4

Taxation

No liabilty to corporation tax arose for the period to the 30 April 2024.

5

Debtors: amounts falling due within one year

2024
£

Prepayments

26,195

Other debtors

5,379

Director's loan accounts

100

31,674

6

Creditors

2024
£

Amounts falling due within one year

Trade creditors

1,620

Accruals

1,750

Amounts due to related party

123,000

126,370

 

Kineagle Investments Limited

Notes to the Unaudited Financial Statements for the Period from 28 April 2023 to 30 April 2024

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary shares of £0.10 each

1,000

100

     

On incorporation, 1,000 Ordinary shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.
 

8

Related party transactions

Summary of transactions with entities with joint control or significant interest

The company has received an interest free loan for £123,000 from WWCW Limited, a company under common control. The loan is unsecured, interest free and repayable on demand.