Caseware UK (AP4) 2024.0.164 2024.0.164 2024-03-312024-03-312023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13595201 2023-04-01 2024-03-31 13595201 2022-04-01 2023-03-31 13595201 2024-03-31 13595201 2023-03-31 13595201 c:Director1 2023-04-01 2024-03-31 13595201 d:FreeholdInvestmentProperty 2024-03-31 13595201 d:FreeholdInvestmentProperty 2023-03-31 13595201 d:CurrentFinancialInstruments 2024-03-31 13595201 d:CurrentFinancialInstruments 2023-03-31 13595201 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 13595201 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13595201 d:ShareCapital 2024-03-31 13595201 d:ShareCapital 2023-03-31 13595201 d:RetainedEarningsAccumulatedLosses 2024-03-31 13595201 d:RetainedEarningsAccumulatedLosses 2023-03-31 13595201 c:OrdinaryShareClass1 2023-04-01 2024-03-31 13595201 c:OrdinaryShareClass1 2024-03-31 13595201 c:OrdinaryShareClass1 2023-03-31 13595201 c:FRS102 2023-04-01 2024-03-31 13595201 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 13595201 c:FullAccounts 2023-04-01 2024-03-31 13595201 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13595201 6 2023-04-01 2024-03-31 13595201 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13595201









KT LIVING LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
KT LIVING LTD
REGISTERED NUMBER: 13595201

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
  
1
-

Investment property
 5 
2,461,388
2,461,388

  
2,461,389
2,461,388

Current assets
  

Debtors: amounts falling due within one year
 6 
89,351
53,619

Cash at bank and in hand
 7 
35,197
20,138

  
124,548
73,757

Creditors: amounts falling due within one year
 8 
(2,519,573)
(2,508,805)

Net current liabilities
  
 
 
(2,395,025)
 
 
(2,435,048)

Total assets less current liabilities
  
66,364
26,340

  

Net assets
  
66,364
26,340


Capital and reserves
  

Called up share capital 
 9 
100
100

Profit and loss account
  
66,264
26,240

  
66,364
26,340


Page 1

 
KT LIVING LTD
REGISTERED NUMBER: 13595201
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 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 comprehensive income 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 by: 




T Mandola
Director

Date: 28 March 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
KT LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

KT Living Ltd is a private company limited by shares and incorporated in England and Wales (registered number: 13595201). The registered office address of the Company is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH.
The statements are presented in Sterling, which is the functional currency of the Company.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.4

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.

Page 3

 
KT LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.6

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.

 
2.7

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.

 
2.8

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.


3.


Employees

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


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


Additions
1



At 31 March 2024
1




Page 4

 
KT LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,461,388



At 31 March 2024
2,461,388

The 2024 valuations were made by Asserson, on an open market value for existing use basis.







6.


Debtors

2024
2023
£
£


Trade debtors
2,482
-

Amounts owed by group undertakings
82,499
49,999

Prepayments and accrued income
4,370
3,620

89,351
53,619



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
35,197
20,138

35,197
20,138


Page 5

 
KT LIVING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
312
-

Other creditors
2,511,863
2,504,305

Accruals and deferred income
7,398
4,500

2,519,573
2,508,805



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6