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
W D Godfrey
appointed 15 June 2023
A J Godfrey
appointed 15 June 2023
SECRETARY
The company does not have an appointed secretary
REGISTERED OFFICE
4 Witan Way
Witney
Oxfordshire
OX28 6FF
COMPANY REGISTRATION NUMBER
14938232 England and Wales
KANLA LTD
BALANCE SHEET
AS AT 30 JUNE 2024
Notes 2024
£
FIXED ASSETS
Investments 5 358,341
CURRENT ASSETS
Debtors 6 2,467
Cash at bank and in hand 18,161
20,628
CREDITORS: Amounts falling due within one year 7 365,778
NET CURRENT LIABILITIES (345,150)
NET ASSETS 13,191
CAPITAL AND RESERVES
Called up share capital 500
Distributable profit and loss account 12,691
SHAREHOLDERS' FUNDS 13,191
KANLA LTD
BALANCE SHEET
AS AT 30 JUNE 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial period ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
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.
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: 9 March 2025
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 15 June 2023.
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
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 company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
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
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
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.
Current and deferred tax assets and liabilities are not discounted.
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 2
5 FIXED ASSET INVESTMENTS
Investment Property
£
Cost
Additions 358,341
At 30 June 2024 358,341
Net book value
At 30 June 2024 358,341
6 DEBTORS
2024
£
Trade debtors 1,886
Prepayments and accrued income 281
Other debtors 300
2,467
7 CREDITORS: Amounts falling due within one year
2024
£
Taxation and social security 4,943
Accruals and deferred income 3,887
Other creditors 356,948
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 - 100 - 100
K J Godfrey - 100 - 100
L M Godfrey - 100 - 100
- 300 - 300
These advances are interest free and repayable on demand.
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