2023-09-012024-08-312024-08-31false14314817REMI KAAN 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REMI KAAN LTD

Registered Number
14314817
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

REMI KAAN LTD
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

Akindele Olawale Ogunmade-Davies

Registered Address

101 New Cavendish Street
First Floor South
London
W1W 6XH

Registered Number

14314817 (England and Wales)
REMI KAAN LTD
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3128,424-
Investments461,382-
189,806-
Current assets
Debtors535,312-
Cash at bank and on hand32,3251
67,6371
Creditors amounts falling due within one year6(88,356)-
Net current assets (liabilities)(20,719)1
Total assets less current liabilities169,0871
Net assets169,0871
Capital and reserves
Called up share capital1001
Profit and loss account168,987-
Shareholders' funds169,0871
The financial statements were approved and authorised for issue by the Director on 16 May 2025, and are signed on its behalf by:
Akindele Olawale Ogunmade-Davies
Director
Registered Company No. 14314817
REMI KAAN LTD
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
Remi Kaan is a private company limited by shares and incorporated in England & Wales (registered number 14314817). The registered office is 101 New Cavendish Street, 1st Floor South, London, England, W1W 6XH.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Finance costs
Finance costs charged to the profit or loss include interest expense calculated using the effective interest method from FRS 102:11, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Share capital
100 Ordinary shares of £1 each were allotted and fully paid.
2.Average number of employees

20242023
Average number of employees during the year11
3.Intangible assets

Other

Total

££
Cost or valuation
Additions128,424128,424
At 31 August 24128,424128,424
Net book value
At 31 August 24128,424128,424
At 31 August 23--
4.Fixed asset investments

Other investments1

Total

££
Cost or valuation
Additions61,38261,382
At 31 August 2461,38261,382
Net book value
At 31 August 2461,38261,382
At 31 August 23--

Notes

1Other investments other than loans
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables12,000-
Amounts owed by group undertakings6,940-
Other debtors16,372-
Total35,312-
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security76,606-
Accrued liabilities and deferred income11,750-
Total88,356-
7.Related party transactions
Other creditors includes £213,138 owed to the director.