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
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
KONNECT HOLDINGS LIMITED
Statement of financial position
as at 31 July 2024
Investment property
462,000
462,000
Cash at bank and in hand
6,911
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
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
KONNECT HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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.
Fair value at 1 August 2023
462,000
5
Investments
Subsidiary undertakings
Valuation at 1 August 2023
200
Valuation at 31 July 2024
200
KONNECT HOLDINGS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
8,257
-
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
7,064
-
Loans from directors
-
200
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
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).