Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01falseProperty letting and theprovision of business support services22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09107850 2023-07-01 2024-06-30 09107850 2022-07-01 2023-06-30 09107850 2024-06-30 09107850 2023-06-30 09107850 c:Director1 2023-07-01 2024-06-30 09107850 d:OfficeEquipment 2024-06-30 09107850 d:OfficeEquipment 2023-06-30 09107850 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09107850 d:ComputerEquipment 2023-07-01 2024-06-30 09107850 d:FreeholdInvestmentProperty 2024-06-30 09107850 d:FreeholdInvestmentProperty 2023-06-30 09107850 d:CurrentFinancialInstruments 2024-06-30 09107850 d:CurrentFinancialInstruments 2023-06-30 09107850 d:Non-currentFinancialInstruments 2024-06-30 09107850 d:Non-currentFinancialInstruments 2023-06-30 09107850 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09107850 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09107850 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 09107850 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 09107850 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 09107850 d:ShareCapital 2024-06-30 09107850 d:ShareCapital 2023-06-30 09107850 d:RetainedEarningsAccumulatedLosses 2024-06-30 09107850 d:RetainedEarningsAccumulatedLosses 2023-06-30 09107850 c:FRS102 2023-07-01 2024-06-30 09107850 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09107850 c:FullAccounts 2023-07-01 2024-06-30 09107850 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09107850 2 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09107850









KAM LOONG (LONDON) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
KAM LOONG (LONDON) LIMITED
REGISTERED NUMBER: 09107850

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
358
1,763

Investment property
 5 
137,500
137,500

  
137,858
139,263

Current assets
  

Debtors: amounts falling due within one year
 6 
6,292,765
5,777,622

Cash at bank and in hand
 7 
1,661
12,337

  
6,294,426
5,789,959

Creditors: amounts falling due within one year
 8 
(6,417,251)
(5,905,398)

Net current liabilities
  
 
 
(122,825)
 
 
(115,439)

Total assets less current liabilities
  
15,033
23,824

Creditors: amounts falling due after more than one year
 9 
(11,441)
(20,828)

  

Net assets
  
3,592
2,996


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
3,589
2,993

  
3,592
2,996


Page 1

 
KAM LOONG (LONDON) LIMITED
REGISTERED NUMBER: 09107850
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 March 2025.


S Yap
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Kam Loong (London) Limited ("the Company") is a company limited by shares, incorporated in England and Wales. Its registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA.
The principal activity of the company during the year under review was that of property letting and the provision of business support services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model, other than investment properties, are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 July 2023
12,834



At 30 June 2024

12,834



Depreciation


At 1 July 2023
11,071


Charge for the year on owned assets
1,405



At 30 June 2024

12,476



Net book value



At 30 June 2024
358



At 30 June 2023
1,763

Page 5

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
137,500



At 30 June 2024
137,500

In the opinion of the directors freehold investment property is stated at market value.






Page 6

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Other debtors
6,292,765
5,777,622

6,292,765
5,777,622



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,661
12,337

1,661
12,337



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Other taxation and social security
627
616

Other creditors
5,592,032
5,082,690

Accruals and deferred income
814,592
812,092

6,417,251
5,905,398



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
11,441
20,828

11,441
20,828


Page 7

 
KAM LOONG (LONDON) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
11,441
10,000


11,441
10,000

Amounts falling due 2-5 years

Bank loans
-
10,828


-
10,828


21,441
30,828



11.


Related party transactions

At the year end the company owed the directors £4,235,149 (2023 - £3,725,943).
At the year end the company owed a shareholder £1,260,000 (
2023 - £1,260,000).

 
Page 8