Kiatoha Limited 10760627 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is rent income. Digita Accounts Production Advanced 6.30.9574.0 true 10760627 2023-06-01 2024-05-31 10760627 2024-05-31 10760627 bus:Director1 1 2024-05-31 10760627 bus:Director2 1 2024-05-31 10760627 bus:OrdinaryShareClass1 bus:OtherShareType 2024-05-31 10760627 core:RetainedEarningsAccumulatedLosses 2024-05-31 10760627 core:RevaluationReserve 2024-05-31 10760627 core:ShareCapital 2024-05-31 10760627 core:CurrentFinancialInstruments 2024-05-31 10760627 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 10760627 core:Non-currentFinancialInstruments core:AfterOneYear 2024-05-31 10760627 core:FurnitureFittings 2024-05-31 10760627 core:OfficeEquipment 2024-05-31 10760627 bus:SmallEntities 2023-06-01 2024-05-31 10760627 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 10760627 bus:FilletedAccounts 2023-06-01 2024-05-31 10760627 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 10760627 bus:RegisteredOffice 2023-06-01 2024-05-31 10760627 bus:Director1 2023-06-01 2024-05-31 10760627 bus:Director1 1 2023-06-01 2024-05-31 10760627 bus:Director2 2023-06-01 2024-05-31 10760627 bus:Director2 1 2023-06-01 2024-05-31 10760627 bus:OrdinaryShareClass1 bus:OtherShareType 2023-06-01 2024-05-31 10760627 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 10760627 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 10760627 core:RevaluationReserve 2023-06-01 2024-05-31 10760627 core:RevaluationReserve core:LandBuildings 2023-06-01 2024-05-31 10760627 core:ShareCapital 2023-06-01 2024-05-31 10760627 core:ComputerEquipment 2023-06-01 2024-05-31 10760627 core:FurnitureFittings 2023-06-01 2024-05-31 10760627 core:LandBuildings 2023-06-01 2024-05-31 10760627 core:OfficeEquipment 2023-06-01 2024-05-31 10760627 countries:England 2023-06-01 2024-05-31 10760627 2023-05-31 10760627 bus:Director1 1 2023-05-31 10760627 bus:Director2 1 2023-05-31 10760627 core:RetainedEarningsAccumulatedLosses 2023-05-31 10760627 core:RevaluationReserve 2023-05-31 10760627 core:ShareCapital 2023-05-31 10760627 core:FurnitureFittings 2023-05-31 10760627 core:OfficeEquipment 2023-05-31 10760627 2022-06-01 2023-05-31 10760627 2023-05-31 10760627 bus:OrdinaryShareClass1 bus:OtherShareType 2023-05-31 10760627 core:RetainedEarningsAccumulatedLosses 2023-05-31 10760627 core:RevaluationReserve 2023-05-31 10760627 core:ShareCapital 2023-05-31 10760627 core:CurrentFinancialInstruments 2023-05-31 10760627 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 10760627 core:Non-currentFinancialInstruments core:AfterOneYear 2023-05-31 10760627 core:FurnitureFittings 2023-05-31 10760627 core:OfficeEquipment 2023-05-31 10760627 core:RetainedEarningsAccumulatedLosses 2022-06-01 2023-05-31 10760627 core:RevaluationReserve 2022-06-01 2023-05-31 10760627 core:RevaluationReserve core:LandBuildings 2022-06-01 2023-05-31 10760627 core:ShareCapital 2022-06-01 2023-05-31 10760627 core:LandBuildings 2022-06-01 2023-05-31 10760627 2022-05-31 10760627 core:RetainedEarningsAccumulatedLosses 2022-05-31 10760627 core:RevaluationReserve 2022-05-31 10760627 core:ShareCapital 2022-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 10760627

Kiatoha Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Kiatoha Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Statement of Changes in Equity

4

Notes to the Unaudited Financial Statements

5 to 10

 

Kiatoha Limited

Company Information

Directors

Mr C P Baker

Mrs K L Baker

Registered office

Wildcroft Badminston Drove
Fawley
Southampton
Hampshire
SO45 1BW

Accountants

Numeric Accounting
Chartered Certified Accountants
Suite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Kiatoha Limited

(Registration number: 10760627)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

144

195

Investment property

5

140,545

137,789

 

140,689

137,984

Current assets

 

Debtors

6

850

850

Cash at bank and in hand

 

185

2,022

 

1,035

2,872

Creditors: Amounts falling due within one year

7

(4,623)

(5,340)

Net current liabilities

 

(3,588)

(2,468)

Total assets less current liabilities

 

137,101

135,516

Creditors: Amounts falling due after more than one year

7

(104,793)

(107,093)

Provisions for liabilities

(551)

(550)

Net assets

 

31,757

27,873

Capital and reserves

 

Called up share capital

8

150

150

Revaluation reserve

14,277

11,522

Retained earnings

17,330

16,201

Shareholders' funds

 

31,757

27,873

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

The directors acknowledge their 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.

 

Kiatoha Limited

(Registration number: 10760627)
Balance Sheet as at 31 May 2024 (continued)

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 January 2025 and signed on its behalf by:
 

.........................................
Mr C P Baker
Director

.........................................
Mrs K L Baker
Director

 

Kiatoha Limited

Statement of Changes in Equity for the Year Ended 31 May 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 June 2023

150

11,522

16,201

27,873

Profit for the year

-

-

3,883

3,883

Other comprehensive income

-

2,755

-

2,755

Total comprehensive income

-

2,755

3,883

6,638

Transfers

-

-

(2,754)

(2,754)

At 31 May 2024

150

14,277

17,330

31,757

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 June 2022

150

8,747

11,320

20,217

Profit for the year

-

-

7,656

7,656

Other comprehensive income

-

2,775

-

2,775

Total comprehensive income

-

2,775

7,656

10,431

Transfers

-

-

(2,775)

(2,775)

At 31 May 2023

150

11,522

16,201

27,873

 

Kiatoha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

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

The address of its registered office is:
Wildcroft Badminston Drove
Fawley
Southampton
Hampshire
SO45 1BW

These financial statements were authorised for issue by the Board on 30 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Kiatoha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

25% Reducing Balance

Computer Equipment

33% Reducing Balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

 

Kiatoha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Kiatoha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

4

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 June 2023

840

363

1,203

At 31 May 2024

840

363

1,203

Depreciation

At 1 June 2023

682

326

1,008

Charge for the year

39

12

51

At 31 May 2024

721

338

1,059

Carrying amount

At 31 May 2024

119

25

144

At 31 May 2023

158

37

195

5

Investment properties

2024
£

At 1 June

137,789

Revaluations

2,756

At 31 May

140,545

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Other debtors

850

850

 

850

850

 

Kiatoha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

277

1,162

Accruals and deferred income

954

894

Other creditors

3,392

3,284

4,623

5,340

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

104,793

107,093

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

150

150

150

150

       

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

2,755

2,755

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

 

Kiatoha Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

9

Reserves (continued)

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

2,775

2,775

10

Related party transactions

Transactions with directors

2024

At 1 June 2023
£

Advances to director
£

Other payments made to company by director
£

At 31 May 2024
£

Mr C P Baker

Interest is charged equal to interest incurred by the director on personal borrowing used to fund the company loan.

(55,188)

2,905

(1,809)

(54,092)

Mrs K L Baker

Interest is charged equal to interest incurred by the director on personal borrowing used to fund the company loan.

(55,189)

2,905

(1,809)

(54,093)