REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
for |
KR Child's Place Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 July 2024 |
for |
KR Child's Place Ltd |
KR Child's Place Ltd (Registered number: 14237277) |
Contents of the Financial Statements |
for the Year Ended 31 July 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KR Child's Place Ltd |
Company Information |
for the Year Ended 31 July 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Roland House |
Princes Dock Street |
Hull |
HU1 2LD |
KR Child's Place Ltd (Registered number: 14237277) |
Balance Sheet |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | 10 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
KR Child's Place Ltd (Registered number: 14237277) |
Balance Sheet - continued |
31 July 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
KR Child's Place Ltd (Registered number: 14237277) |
Notes to the Financial Statements |
for the Year Ended 31 July 2024 |
1. | STATUTORY INFORMATION |
KR Child's Place Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The Company is heavily reliant on the continued financial support of the director, Ms C Braunegg, who has |
indicated that she is willing to support the company for the foreseeable future. |
Rents received |
Rents received are recognised when they are due to be paid. |
Tangible fixed assets |
Freehold Property - 0% |
Fixtures & fittings etc - 20% on cost |
Freehold Property |
No depreciation is charged on the freehold property. It is the company's policy to maintain freehold property in such a condition that the value of the property taken as a whole is not impaired by the passage of time. Such maintenance expenditure is charged against profits in the year in which it arises. Any element of depreciation would in the opinion of the directors be immaterial and no provision has been made. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
KR Child's Place Ltd (Registered number: 14237277) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1 August 2023 |
Disposals | ( |
) | ( |
) |
At 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Other loans (see note 8) |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 2,196,037 | 2,203,731 |
KR Child's Place Ltd (Registered number: 14237277) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2024 |
8. | LOANS |
An analysis of the maturity of loans is given below: |
2024 | 2023 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Other loans more 5yrs instal | 2,196,037 | 2,203,731 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary shares | 1 | 10,000 | 10,000 |
10. | RESERVES |
Retained |
earnings |
£ |
At 1 August 2023 | ( |
) |
Deficit for the year | ( |
) |
At 31 July 2024 | ( |
) |
11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year ended 31 July 2023 Ms C Braunegg, a director, loaned the Company £2,203,730. Repayments £7,693 have been made during the year. There is a loan arrangement in place whereby interest is charged at 3% however the director has agreed to waive the interest during this year. |
As at 31 July 2024, the Company owed Ms C Braunegg £2,196,037 (2023: £2,203,730). |
12. | ULTIMATE CONTROLLING PARTY |
The controlling party is KR KANAL - UNDROHRSANIERUNGSGESELLSCHAFT M.B.H. |
The ultimate controlling party is |