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Company Registration No. 12828259 (England and Wales)
Kannella Ltd Unaudited accounts for the year ended 31 August 2024
Kannella Ltd Unaudited accounts Contents
Page
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Kannella Ltd Company Information for the year ended 31 August 2024
Directors
Mrs Elizabeth Anne BROWNE Mr Gregory David BROWNE
Company Number
12828259 (England and Wales)
Registered Office
45 MINDEN WAY TIDWORTH SP9 7GX ENGLAND
Accountants
Tarlia Knight FCCA EP Services Limited T/A EP Tax Unit 2D-2E Castledown Business Park Ludgershall Wiltshire SP11 9FA
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Kannella Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
341,712 
120,000 
Current assets
Debtors
- 
24,206 
Cash at bank and in hand
3,467 
1,006 
3,467 
25,212 
Creditors: amounts falling due within one year
(323,098)
(120,675)
Net current liabilities
(319,631)
(95,463)
Total assets less current liabilities
22,081 
24,537 
Provisions for liabilities
Other provisions
(6,407)
(6,407)
Net assets
15,674 
18,130 
Capital and reserves
Share premium
100 
100 
Revaluation reserve
27,314 
27,314 
Profit and loss account
(11,740)
(9,284)
Shareholders' funds
15,674 
18,130 
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by
Mr Gregory David BROWNE Director Company Registration No. 12828259
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Kannella Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Kannella Ltd is a private company, limited by shares, registered in England and Wales, registration number 12828259. The registered office is 45 MINDEN WAY, TIDWORTH, SP9 7GX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 September 2023
120,000 
Additions
221,712 
At 31 August 2024
341,712 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
2,876 
Other debtors
- 
21,330 
- 
24,206 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
323,098 
58,280 
Loans from directors
- 
61,387 
Accruals
- 
1,008 
323,098 
120,675 
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Kannella Ltd Notes to the Accounts for the year ended 31 August 2024
7
Provisions for liabilities
£ 
At 1 September 2023
6,407 
At 31 August 2024
6,407 
We have produced the accounts Under the FRS102 provision for small company accounts and have therefore not included a figure for deferred tax, the figure shown of £6407 is brought forward from the previous accountant.
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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