Company No:
Contents
| DIRECTORS | Mr R Mehra |
| Mrs K Sharma |
| REGISTERED OFFICE | 22 Wycombe End |
| Beaconsfield | |
| Buckinghamshire | |
| United Kingdom | |
| HP9 1NB | |
| United Kingdom |
| COMPANY NUMBER | 12951526 (England and Wales) |
| ACCOUNTANT | S&W Partners (Thames Valley) Limited |
| 22 Wycombe End | |
| Beaconsfield | |
| Buckinghamshire | |
| HP9 1NB |
| Note | 2024 | 2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 45,417 | 311,842 | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 4 |
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| - due after more than one year | 4 |
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| Cash at bank and in hand |
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| 40,435 | 127,554 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (137,618) | (429,793) | ||
| Total assets less current liabilities | (92,201) | (117,951) | ||
| Net liabilities | (
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| Capital and reserves | ||||
| Called-up share capital | 7 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Directors' responsibilities:
The financial statements of Keplin Investments Limited (registered number:
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Mr R Mehra
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Keplin Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Wycombe End, Beaconsfield, Buckinghamshire, United Kingdom, HP9 1NB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Keplin Investments Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company relies upon the financial support of other group companies. Having contemplated the continuity of such support the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.
Fixed asset investments, which comprise of investment portfolios containing mixed assets and securities, are initially recognised at cost. Subsequently they are measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit or loss account.
The investment portfolios are held with Saxo and eToro who are reputable and experienced brokers. Saxo and eToro provide market value figures for the investment portfolios at the period end.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
| 2024 | 2023 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Other investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 01 February 2023 |
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| Additions |
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| Disposals | (
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| At 31 January 2024 |
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| Carrying value at 31 January 2024 |
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| Carrying value at 31 January 2023 |
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| 2024 | 2023 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Amounts owed by Group undertakings |
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| Other taxation and social security |
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| Debtors: amounts falling due after more than one year | |||
| Deferred tax asset |
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| 2024 | 2023 | ||
| £ | £ | ||
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Taxation and social security |
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| Other creditors |
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| 2024 | 2023 | ||
| £ | £ | ||
| At the beginning of financial year |
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| (Charged)/credited to the Profit and Loss Account | (
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| At the end of financial year |
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| 2024 | 2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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The company is a wholly owned member of the group and as such has taken advantage of the exemption permitted by Section 1AC.35 'Related Party Disclosures', not to provide disclosures of transactions entered into with other wholly-owned members of the group.
At the balance sheet date, £30,300 (2023: £20,300) was owed to a related company, Desiretech Limited. The amount is interest free and repayable on demand.