Company Registration No. 12828259 (England and Wales)
Kannella Ltd
Unaudited accounts
for the year ended 31 August 2024
Kannella Ltd
Unaudited accounts
Contents
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
Kannella Ltd
Statement of financial position
as at 31 August 2024
Investment property
341,712
120,000
Cash at bank and in hand
3,467
1,006
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)
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
Kannella Ltd
Notes to the Accounts
for the year ended 31 August 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 September 2023
120,000
Amounts falling due within one year
Accrued income and prepayments
-
2,876
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
323,098
58,280
Loans from directors
-
61,387
Kannella Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Provisions for liabilities
£
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).