KANLA LTD | |||||||||||
UNAUDITED FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED | |||||||||||
30 JUNE 2024 | |||||||||||
Company Registration Number: 14938232 | |||||||||||
KANLA LTD | |||||||||||
UNAUDITED FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 30 JUNE 2024 | |||||||||||
CONTENTS | PAGES | ||||||||||
Company information | 1 | ||||||||||
Balance sheet | 2 to 3 | ||||||||||
Notes to the financial statements | 4 to 7 | ||||||||||
KANLA LTD | |||||||||||
COMPANY INFORMATION | |||||||||||
FOR THE PERIOD ENDED 30 JUNE 2024 | |||||||||||
DIRECTORS | |||||||||||
appointed |
|||||||||||
appointed |
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SECRETARY | |||||||||||
The company does not have an appointed secretary | |||||||||||
REGISTERED OFFICE | |||||||||||
COMPANY REGISTRATION NUMBER | |||||||||||
14938232 England and Wales | |||||||||||
KANLA LTD | |||||||||||
BALANCE SHEET | |||||||||||
AS AT 30 JUNE 2024 | |||||||||||
Notes | 2024 | ||||||||||
£ | |||||||||||
FIXED ASSETS | |||||||||||
Investments | 5 | ||||||||||
CURRENT ASSETS | |||||||||||
Debtors | 6 | ||||||||||
Cash at bank and in hand | |||||||||||
CREDITORS: Amounts falling due within one year | 7 | ||||||||||
NET CURRENT LIABILITIES | ( |
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NET ASSETS | |||||||||||
CAPITAL AND RESERVES | |||||||||||
Called up share capital | |||||||||||
Distributable profit and loss account | |||||||||||
SHAREHOLDERS' FUNDS | |||||||||||
KANLA LTD | |||||||||||
BALANCE SHEET | |||||||||||
AS AT 30 JUNE 2024 | |||||||||||
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account, Directors Report or Statement of Changes in Equity. | |||||||||||
Signed on behalf of the board of directors | |||||||||||
W D Godfrey | A J Godfrey | ||||||||||
Director | Director | ||||||||||
Date approved by the board: |
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KANLA LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 30 JUNE 2024 | |||||||||||
1 | GENERAL INFORMATION | ||||||||||
Kanla Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are: | |||||||||||
Registered office | Principal place of business | ||||||||||
4 Witan Way | Unit 3 | ||||||||||
Witney | Sycamore Court | ||||||||||
Oxfordshire | North Leigh | ||||||||||
OX28 6FF | Witney | ||||||||||
Oxfordshire | |||||||||||
OX29 6SW | |||||||||||
The company incorporated on |
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2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||
Basis of preparation of financial statements | |||||||||||
Revenue recognition | |||||||||||
Turnover is measured at the fair value of consideration received or receivable. It is recognised in respect of rental income and recharges as soon as there is a right to consideration and is determined by reference to the value of the work performed. Turnover is stated net of trade discounts and value added tax. | |||||||||||
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity. |
Investment properties | |||||||||||
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. | |||||||||||
Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise. | |||||||||||
KANLA LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 30 JUNE 2024 | |||||||||||
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) | ||||||||||
Financial Instruments | |||||||||||
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. |
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. | |||||||||||
Debtors | |||||||||||
Short term debtors are measured at transaction price, less any impairment. | |||||||||||
Creditors | |||||||||||
Taxation | |||||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other taxable profits. | |||||||||||
Deferred tax is measured using 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. | |||||||||||
KANLA LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 30 JUNE 2024 | |||||||||||
3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS | ||||||||||
No significant accounting estimates and judgements have had to be made by the directors in preparing these financial statements. | |||||||||||
4 | EMPLOYEES | ||||||||||
The average number of persons employed by the company (including directors) during the period was: | |||||||||||
2024 | |||||||||||
Average number of employees | |||||||||||
5 | FIXED ASSET INVESTMENTS | ||||||||||
Investment Property | |||||||||||
£ | |||||||||||
Cost | |||||||||||
Additions | |||||||||||
At 30 June 2024 | 358,341 | ||||||||||
Net book value | |||||||||||
At 30 June 2024 | |||||||||||
6 | DEBTORS | ||||||||||
2024 | |||||||||||
£ | |||||||||||
Trade debtors | |||||||||||
Prepayments and accrued income | |||||||||||
Other debtors | |||||||||||
2,467 | |||||||||||
7 | CREDITORS: Amounts falling due within one year | ||||||||||
2024 | |||||||||||
£ | |||||||||||
Taxation and social security | |||||||||||
Accruals and deferred income | |||||||||||
Other creditors | |||||||||||
365,778 | |||||||||||
KANLA LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE PERIOD ENDED 30 JUNE 2024 | |||||||||||
8 | SHAREHOLDERS' ADVANCES, CREDITS AND GUARANTEES | ||||||||||
The following shareholder's advances, credits and guarantees took place during the period: | |||||||||||
Balance at 15 June 2023 | Amounts advanced | Amounts repaid | Balance at 30 June 2024 | ||||||||
£ | £ | £ | £ | ||||||||
A G Godfrey | - | - | |||||||||
K J Godfrey | - | - | |||||||||
L M Godfrey | - | - | |||||||||
- | 300 | - | 300 | ||||||||
These advances are interest free and repayable on demand. |