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COMPANY REGISTRATION NUMBER: 07888546
Kurata UK Limited
Filleted Unaudited Financial Statements
31 December 2024
Kurata UK Limited
Financial Statements
Year ended 31 December 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Kurata UK Limited
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
4
30
30
Current assets
Debtors
5
17,073
17,073
Cash at bank and in hand
26
18
--------
--------
17,099
17,091
Creditors: amounts falling due within one year
6
23,857
22,721
--------
--------
Net current liabilities
6,758
5,630
-------
-------
Total assets less current liabilities
( 6,728)
( 5,600)
-------
-------
Net liabilities
( 6,728)
( 5,600)
-------
-------
Capital and reserves
Called up share capital
7
1
1
Profit and loss account
( 6,729)
( 5,601)
-------
-------
Shareholders deficit
( 6,728)
( 5,600)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kurata UK Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 30 January 2025 , and are signed on behalf of the board by:
Mr J Adamberry
Director
Company registration number: 07888546
Kurata UK Limited
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Printing House, 66 Lower Road, Middlesex, HA2 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The going concern basis has been used. The director expects the major creditors, to continue with their support for at least twelve months from the date of approval of the financial statements. If the going concern basis were not appropriate, adjustments would have to be made to reclassify fixed assets as current assets, reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Investments
Shares in participating interests
£
Cost
At 1 January 2024 and 31 December 2024
30
----
Impairment
At 1 January 2024 and 31 December 2024
----
Carrying amount
At 31 December 2024
30
----
At 31 December 2023
30
----
The company owns 30% of the issued share capital of Land Reegen Limited, registered in England and Wales at B & K, Civic Way Off Victoria Road, Ruislip, England, HA4 0YP.
5. Debtors
2024
2023
£
£
Amounts owed by undertakings in which the company has a participating interest
17,073
17,073
--------
--------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
863
927
Accruals and deferred income
700
700
Director loan accounts
92
92
Other creditors
22,202
21,002
--------
--------
23,857
22,721
--------
--------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
----
----
----
----
8. Related party transactions
Transactions with related parties, such as are required to be disclosed under FRS 102 were as follows:
2024 2023
£ £
Other related parties:
Balances owed by/(owed to): (5,129) (3,929)
------- -------
The amounts owed by/(owed to) related parties are in respect of short term interest free loans.