Registered number
09134741
KINEDEXE UK LIMITED
Filleted Accounts
30 June 2024
KINEDEXE UK LIMITED
Registered number: 09134741
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 5,967 7,459
Investments 5 5,695,049 3,890,399
5,701,016 3,897,858
Current assets
Stocks 348,660 -
Debtors 6 11,170,914 16,063,530
Cash at bank and in hand 2,732,988 1,546,062
14,252,562 17,609,592
Creditors: amounts falling due within one year 7 (1,774,390) (1,457,139)
Net current assets 12,478,172 16,152,453
Total assets less current liabilities 18,179,188 20,050,311
Provisions for liabilities (1,865) (1,865)
Net assets 18,177,323 20,048,446
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 18,176,323 20,047,446
Shareholders' funds 18,177,323 20,048,446
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Anil Kumar Sharma
Director
Approved by the board on 29 May 2025
KINEDEXE UK LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Exceptional items
FRS 102 requires separate disclosure of the nature and amount of any material items of profit or
loss. Such items are disclosed as exceptional items on the face of the profit and loss account where materiality is determined by reference to an item's size or nature or a combination of both.
Research and development
Research and development expenditure is written off to the profit and loss account in the year in which it is incurred.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses. Amortisation is calculated to write off the cost in equal annual instalments over the estimated useful live of 5 years.
Where licences previously capitalised are no longer considered by the directors to be commercially viable the amortisation charge for the year is increased to bring the net book value of each licence to nil. Where the recoverable amount in respect of licences is less than the carrying value, the amortisation charge is increased to reduce the carrying value to the recoverable amount
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% straight line
Fixtures, fittings, tools and equipment 25% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 9 9
3 Intangible fixed assets £
Product registrations:
Cost
At 1 July 2023 652,612
At 30 June 2024 652,612
Amortisation
At 1 July 2023 652,612
At 30 June 2024 652,612
Net book value
At 30 June 2024 -
Product registrations are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 12,725
At 30 June 2024 12,725
Depreciation
At 1 July 2023 5,266
Charge for the year 1,492
At 30 June 2024 6,758
Net book value
At 30 June 2024 5,967
At 30 June 2023 7,459
5 Investments
Other
investments Total
£ £
Cost
At 1 July 2023 3,890,399 3,890,399
Additions 1,804,650 1,804,650
At 30 June 2024 5,695,049 5,695,049
6 Debtors 2024 2023
£ £
Trade debtors 795,370 408,924
Other debtors 10,375,544 15,654,606
11,170,914 16,063,530
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 535,244 275,930
Taxation and social security costs (26,460) 186,948
Other creditors 1,265,606 994,261
1,774,390 1,457,139
8 Related party transactions 2024 2023
£ £
Anil Kumar Sharma
Director
Included within other creditors is an amount due to the director of: 893,157 21,926
Jagjeet Kaur Ahluwalia
Director
Included within other creditors is an amount due ot the director of: - 154,662
UDI Limited
Common director
During the year the company paid rent to UDI Limited for the use of premises of: 39,600 39,600
During the year the company paid service charges to UDI Limited for the use of premises of: -
Included within trade creditors, is an amount due to UDI Limited
of:
- 41,437
ASAP Growth Ltd
Common director
Included within other debtor is an amount due from ASAP Growth Ltd of: 2,899,606 2,899,406
L M Manufacturing Limited
Common director
Included within other debtor is an amount due from L M Manufacturing Limited of: - 1,065,086
Abhaya Properties Limited
Common director
Included within other creditors is an amount due payable to Abhaya Properties Limited of: 253,000 253,000
UDANE Limited
Common director
Included within other debtor is an amount due from UDANE Limited of: 5,200,728 4,571,149
Abhaya Investments Limited
Common director
Included within other debtor is an amount due from Abhaya Investments Limited of: 777,000 777,000
Liqmeds Limited
Common director
Included within other debtor is an amount due from Liqmeds
Limited of:
- 2,561,343
Abhaya Limited
Common direcotor
Included within other creditors is an amount due payable to Abhaya Limited of: 18,000 18,000
Liqmeds Worldwide Limited
Common director
Included within other creditors is an amount due payable to Liqmeds Worldwide Limited of: - -
UDAJ Limited
Common director
Included within other creditors is an amount due payable to UDAJ Limited of: 20,000 20,000
9 Controlling party
The company is under the control of its director Mr Anil Kumar Sharma, by virtue of his shareholding in the issued share capital of the company.
10 Other information
KINEDEXE UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
65 Delamere Road
Hayes
Middlesex
UB4 0NN
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