Registered number
13423762
Kaleidoscope Investments (NW) Ltd
Filleted Accounts
31 May 2024
Kaleidoscope Investments (NW) Ltd
Registered number: 13423762
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 597,556 284,804
Current assets
Debtors 4 350 -
Cash at bank and in hand 4,055 12,603
4,405 12,603
Creditors: amounts falling due within one year 5 (417,256) (87,760)
Net current liabilities (412,851) (75,157)
Total assets less current liabilities 184,705 209,647
Creditors: amounts falling due after more than one year 6 (186,221) (205,872)
Net (liabilities)/assets (1,516) 3,775
Capital and reserves
Called up share capital 100 100
Profit and loss account (1,616) 3,675
Shareholders' funds (1,516) 3,775
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P Clinch
Director
Approved by the board on 14 February 2025
Kaleidoscope Investments (NW) Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not provided
Leasehold land and buildings Not provided
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 June 2023 284,804
Additions 312,752
At 31 May 2024 597,556
Depreciation
At 31 May 2024 -
Net book value
At 31 May 2024 597,556
At 31 May 2023 284,804
4 Debtors 2024 2023
£ £
Other debtors 350 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 112,857 1,116
Taxation and social security costs - 397
Other creditors 304,399 86,247
417,256 87,760
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 186,221 205,872
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 186,221 205,872
The properties act as security for the loans.
8 Controlling party
The controlling parties are P Clinch (director) and J Clinch (director) by virtue of their 100% ownership of the issued share capital. The shares are split equally between both directors.
9 Other information
Kaleidoscope Investments (NW) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Appleyard Close
Salford
M27 8AZ
Kaleidoscope Investments (NW) Ltd 13423762 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 P Clinch No description of principal activity 13423762 2022-06-01 2023-05-31 13423762 core:WithinOneYear 2023-05-31 13423762 core:AfterOneYear 2023-05-31 13423762 core:ShareCapital 2023-05-31 13423762 core:RetainedEarningsAccumulatedLosses 2023-05-31 13423762 2023-06-01 2024-05-31 13423762 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13423762 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13423762 bus:Director40 2023-06-01 2024-05-31 13423762 1 2023-06-01 2024-05-31 13423762 2 2023-06-01 2024-05-31 13423762 core:LandBuildings 2023-06-01 2024-05-31 13423762 countries:England 2023-06-01 2024-05-31 13423762 bus:FRS102 2023-06-01 2024-05-31 13423762 bus:FilletedAccounts 2023-06-01 2024-05-31 13423762 2024-05-31 13423762 core:WithinOneYear 2024-05-31 13423762 core:AfterOneYear 2024-05-31 13423762 core:ShareCapital 2024-05-31 13423762 core:RetainedEarningsAccumulatedLosses 2024-05-31 13423762 core:LandBuildings 2024-05-31 13423762 2023-05-31 13423762 core:LandBuildings 2023-05-31 iso4217:GBP xbrli:pure