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Company Registration No. 13218966 (England and Wales)
KONNECT HOLDINGS LIMITED Unaudited accounts for the year ended 31 July 2024
KONNECT HOLDINGS LIMITED Unaudited accounts Contents
Page
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KONNECT HOLDINGS LIMITED Company Information for the year ended 31 July 2024
Directors
Emily Connolly James Connolly
Company Number
13218966 (England and Wales)
Registered Office
49 Darkes Lane Potters Bar Hertfordshire EN6 1BJ United Kingdom
Accountants
Schiavi Pole Brett Ltd 15A Walm Lane London NW2 5SJ
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KONNECT HOLDINGS LIMITED Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
462,000 
462,000 
Investments
200 
200 
462,200 
462,200 
Current assets
Debtors
10,857 
- 
Cash at bank and in hand
6,911 
5,005 
17,768 
5,005 
Creditors: amounts falling due within one year
(7,784)
(920)
Net current assets
9,984 
4,085 
Total assets less current liabilities
472,184 
466,285 
Creditors: amounts falling due after more than one year
(270,657)
(289,287)
Net assets
201,527 
176,998 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
201,227 
176,698 
Shareholders' funds
201,527 
176,998 
For the year ending 31 July 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 24 April 2025 and were signed on its behalf by
Emily Connolly Director Company Registration No. 13218966
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KONNECT HOLDINGS LIMITED Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
KONNECT HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13218966. The registered office is 49 Darkes Lane, Potters Bar, Hertfordshire, EN6 1BJ, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Preparation of consolidated financial statements
The financial statements contain information about Konnect Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.
4
Investment property
2024 
£ 
Fair value at 1 August 2023
462,000 
At 31 July 2024
462,000 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 August 2023
200 
Valuation at 31 July 2024
200 
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KONNECT HOLDINGS LIMITED Notes to the Accounts for the year ended 31 July 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
8,257 
- 
Other debtors
2,600 
- 
10,857 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
7,064 
- 
Loans from directors
- 
200 
Accruals
720 
720 
7,784 
920 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
270,657 
283,744 
Amounts owed to group undertakings and other participating interests
- 
5,543 
270,657 
289,287 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
300 Ordinary shares of £1 each
300 
300 
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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