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Registration number: 07830698

Kamila Kaim Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Kamila Kaim Limited

Contents

Balance Sheet

1 to 2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 8

 

Kamila Kaim Limited

(Registration number: 07830698)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

448

40

Investment property

6

470,000

470,000

 

470,448

470,040

Current assets

 

Debtors

7

337,913

258,332

Cash at bank and in hand

 

893

95,052

 

338,806

353,384

Creditors: Amounts falling due within one year

8

(14,642)

(32,622)

Net current assets

 

324,164

320,762

Total assets less current liabilities

 

794,612

790,802

Creditors: Amounts falling due after more than one year

8

(80,604)

(77,790)

Provisions for liabilities

(39,731)

(39,738)

Net assets

 

674,277

673,274

Capital and reserves

 

Called up share capital

1

1

Revaluation reserve

169,380

169,380

Retained earnings

504,896

503,893

Shareholders' funds

 

674,277

673,274

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Kamila Kaim Limited

(Registration number: 07830698)
Balance Sheet as at 31 October 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 April 2025
 

.........................................
Ms K M Kaim
Director

 

Kamila Kaim Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2023

1

169,380

503,893

673,274

Profit for the year

-

-

1,503

1,503

Dividends

-

-

(500)

(500)

At 31 October 2024

1

169,380

504,896

674,277

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 November 2022

1

169,380

435,705

605,086

Profit for the year

-

-

70,188

70,188

Dividends

-

-

(2,000)

(2,000)

At 31 October 2023

1

169,380

503,893

673,274

 

Kamila Kaim Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities, and is shown net of rebates and discounts.

Tax

The tax expense for the period comprises current tax, and is recognised in profit or loss.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Kamila Kaim Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

25% per annum on reducing balance

Office equipment (including computers)

25% per annum on cost

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition; it was initially recognised as an asset at cost and was subsequently measured at cost less accumulated amortisation.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

20% per annum on cost

Trade debtors

Trade debtors are amounts due from clients for services performed in the ordinary course of business, and are recognised initially at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs, and are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Kamila Kaim Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 November 2023

10,000

10,000

At 31 October 2024

10,000

10,000

Amortisation

At 1 November 2023

10,000

10,000

At 31 October 2024

10,000

10,000

Net book value

At 31 October 2024

-

-

5

Tangible assets

Equipment
£

Total
£

Cost or valuation

At 1 November 2023

4,126

4,126

Additions

598

598

At 31 October 2024

4,724

4,724

Depreciation

At 1 November 2023

4,086

4,086

Charge for the year

190

190

At 31 October 2024

4,276

4,276

Net book value

At 31 October 2024

448

448

At 31 October 2023

40

40

 

Kamila Kaim Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Investment properties

2024
£

At 1 November

470,000

At 31 October

470,000

The investment properties have been valued to a fair value by the director.

7

Debtors

2024
£

2023
£

Trade debtors

1,120

8,729

Other debtors

336,793

249,603

337,913

258,332

8

Creditors

Amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

9

3,751

9,415

Taxation and social security

 

218

18,634

Other creditors

 

10,673

4,573

 

14,642

32,622

Amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

9

80,604

77,790

 

Kamila Kaim Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

80,604

77,790

Current loans and borrowings

2024
£

2023
£

Bank borrowings

3,751

9,415

Bank borrowings

Mortgage is denominated in £ with a nominal interest rate of 6%, and the final instalment is due on 6 February 2027. The carrying amount at year end is £84,354 (2023 - £87,205).

The mortgage is secured by way of a charge registered on 4 February 2022 against property owned by the company.

10

Related party transactions

Summary of transactions with other related parties


During the year the company loaned funds to companies under common ownership and control. At the Balance Sheet date the amount due was £335,665 (2023 £247,794).