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Registration number: 09165172

KAT Investments (Surrey) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

KAT Investments (Surrey) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 9

 

KAT Investments (Surrey) Limited

Company Information

Directors

Simon Foster

Tristan William Matthiae

Registered office

53a High Street
Esher
Surrey
KT10 9RQ

Accountants

Carbon Accountancy Limited
Chartered Accountants
80-83 Long Lane
London
EC1A 9ET

 

KAT Investments (Surrey) Limited

(Registration number: 09165172)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Investments

4

100,000

100,000

Current assets

 

Stocks

5

3,427,049

1,570,679

Debtors

6

189,760

173,028

Cash at bank and in hand

 

157,023

509,725

 

3,773,832

2,253,432

Creditors: Amounts falling due within one year

7

(1,994,673)

(1,989,817)

Net current assets

 

1,779,159

263,615

Total assets less current liabilities

 

1,879,159

363,615

Creditors: Amounts falling due after more than one year

7

(1,683,762)

(37,382)

Net assets

 

195,397

326,233

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

195,297

326,133

Shareholders' funds

 

195,397

326,233

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.......................................
Simon Foster
Director

 

KAT Investments (Surrey) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023

1

General information

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

These financial statements were authorised for issue by the Board on 28 April 2025.

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 sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 in the countries where the company operates and generates taxable income.

 

KAT Investments (Surrey) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

KAT Investments (Surrey) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2022 - 0).

 

KAT Investments (Surrey) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

4

Investments

2023
£

2022
£

Investments in subsidiaries

100,000

100,000

Subsidiaries

£

Cost or valuation

At 1 September 2022

100,000

Provision

Carrying amount

At 31 August 2023

100,000

At 31 August 2022

100,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2023

2022

Subsidiary undertakings

Cobbetts Hill Developments Limited

Moore Place Lodge
Portsmouth Road
Esher, Surrey
KT10 9LN

England

Ordinary £1 Shares

99%

99%

Subsidiary undertakings

Cobbetts Hill Developments Limited

The principal activity of Cobbetts Hill Developments Limited is property development..

 

KAT Investments (Surrey) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

5

Stocks

2023
£

2022
£

Other inventories

3,427,049

1,570,679

6

Debtors

2023
£

2022
£

Trade debtors

3,055

-

Other debtors

186,705

173,028

189,760

173,028

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

6,431

6,570

Trade creditors

 

-

89

Amounts owed to group undertakings and undertakings in which the company has a participating interest

10

1,935,498

1,935,549

Taxation and social security

 

50,231

44,429

Accruals and deferred income

 

2,513

3,180

 

1,994,673

1,989,817

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

9

1,683,762

37,382

 

KAT Investments (Surrey) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

A Ordinary shares of £1 each

51

51

51

51

B Ordinary shares of £1 each

49

49

49

49

100

100

100

100

9

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

1,683,762

37,382

Current loans and borrowings

2023
£

2022
£

Bank borrowings

6,431

6,570

10

Related party transactions

Summary of transactions with parent

Included in amounts due from related companies is £1,935,498 (2022 - £1,935,549) KAT Properties Ltd which has a 51% controlling interest in the company and in which Tristan Matthiae is both director and shareholder.
 

 

KAT Investments (Surrey) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2023 (continued)

10

Related party transactions (continued)

Included in other debtors is:

(a) £17,884 (2022 £14,500) due from Urban Matrix Properties LLP an entity in which Simon Foster is a designated member.
(b) £20,000 (2022 £20,000) due from Urban Matrix Construction Ltd an entity in which Simon Foster is director/shareholder.
(c) £72,000 (2022 £72,000 due from 69 The Green Ltd an entity in which Simon Foster is director/shareholder.
(d) £36,000 (2022 £36,000 due from Urban Matrix Ltd an entity in which Simon Foster is director/shareholder.
(e) £500 due from Cobbetts Hill Developments Ltd an entity in which Simon Foster is director/shareholder.


 

11

Parent and ultimate parent undertaking

The company's immediate parent is KAT Properties Limited , incorporated in England .

 The ultimate controlling party is Tristan WIlliam Matthiae.