Company Registration No. SC154193 (Scotland)
KE Entertainments Limited
Unaudited financial statements
for the year ended 14 June 2024
Pages for filing with the registrar
KE Entertainments Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
KE Entertainments Limited
Statement of financial position
As at 14 June 2024
14 June 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
250,000
101,211
Cash at bank and in hand
131,903
391,768
381,903
492,979
Creditors: amounts falling due within one year
4
(74,858)
(169,800)
Net current assets
307,045
323,179
Capital and reserves
Called up share capital
5
1,501,000
1,501,000
Profit and loss reserves
(1,193,955)
(1,177,821)
Total equity
307,045
323,179

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 14 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 24 September 2024.
David Caira
Director
Company Registration No. SC154193
KE Entertainments Limited
Notes to the financial statements
For the year ended 14 June 2024
2
1
Accounting policies
Company information

KE Entertainments Limited is a private company limited by shares incorporated in Scotland. The registered office is Edinburgh Quay, 133 Fountainbridge, Edinburgh, EH3 9BA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue to meet its obligations for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents amounts receivable for bingo games, bar and catering sales, gaming machines and entrance fees, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
250,000
101,211
KE Entertainments Limited
Notes to the financial statements (continued)
For the year ended 14 June 2024
3
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
67,858
67,858
Other creditors
7,000
101,942
74,858
169,800
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1,501,000 Ordinary shares of £1 each
1,501,000
1,501,000
6
Related party transactions

Included within other debtors is a loan balance of £250,000 (2023: £100,000), this is a pre-liquidation advance to a company shareholder. This loan is interest free and has no fixed date for repayment.

 

During the year, £10,558 (2023: £Nil) was repaid to the company director. The balance included within other creditors at year end is £Nil (2023: £10,558). This loan was interest free.

 

In addition, £62,385 (2023: £Nil) was repaid to New Empire Bingo Limited, a company in which the company director is also a director The balance included within other creditors at year end is £Nil (2023: £62,385). This loan was interest free.

 

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