Caseware UK (AP4) 2023.0.135 2023.0.135 2024-07-312024-07-31true0false2024-01-01No description of principal activity20trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14523993 2024-01-01 2024-07-31 14523993 2023-01-01 2023-12-31 14523993 2024-07-31 14523993 2023-12-31 14523993 c:Director1 2024-01-01 2024-07-31 14523993 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-07-31 14523993 d:Buildings d:LongLeaseholdAssets 2024-07-31 14523993 d:Buildings d:LongLeaseholdAssets 2023-12-31 14523993 d:PlantMachinery 2024-01-01 2024-07-31 14523993 d:PlantMachinery 2024-07-31 14523993 d:PlantMachinery 2023-12-31 14523993 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-07-31 14523993 d:FurnitureFittings 2024-01-01 2024-07-31 14523993 d:FurnitureFittings 2024-07-31 14523993 d:FurnitureFittings 2023-12-31 14523993 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-01-01 2024-07-31 14523993 d:ComputerEquipment 2024-01-01 2024-07-31 14523993 d:ComputerEquipment 2024-07-31 14523993 d:ComputerEquipment 2023-12-31 14523993 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-07-31 14523993 d:OtherPropertyPlantEquipment 2024-01-01 2024-07-31 14523993 d:OtherPropertyPlantEquipment 2024-07-31 14523993 d:OtherPropertyPlantEquipment 2023-12-31 14523993 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-07-31 14523993 d:OwnedOrFreeholdAssets 2024-01-01 2024-07-31 14523993 d:CurrentFinancialInstruments 2024-07-31 14523993 d:CurrentFinancialInstruments 2023-12-31 14523993 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 14523993 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 14523993 d:ShareCapital 2024-01-01 2024-07-31 14523993 d:ShareCapital 2024-07-31 14523993 d:ShareCapital 2023-01-01 2023-12-31 14523993 d:ShareCapital 2023-12-31 14523993 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-07-31 14523993 d:RetainedEarningsAccumulatedLosses 2024-07-31 14523993 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 14523993 d:RetainedEarningsAccumulatedLosses 2023-12-31 14523993 c:FRS102 2024-01-01 2024-07-31 14523993 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-07-31 14523993 c:FullAccounts 2024-01-01 2024-07-31 14523993 c:PrivateLimitedCompanyLtd 2024-01-01 2024-07-31 14523993 2 2024-01-01 2024-07-31 14523993 e:PoundSterling 2024-01-01 2024-07-31 iso4217:GBP xbrli:pure

Registered number: 14523993









KOLAMBA EAST LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 JULY 2024

 
KOLAMBA EAST LIMITED
REGISTERED NUMBER: 14523993

BALANCE SHEET
AS AT 31 JULY 2024

31 July
31 December
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
807,880
28,100

  
807,880
28,100

Current assets
  

Stocks
  
17,477
-

Debtors: amounts falling due within one year
 5 
167,831
100

Cash at bank and in hand
 6 
15,566
-

  
200,874
100

Creditors: amounts falling due within one year
 7 
(1,163,488)
(28,400)

Net current liabilities
  
 
 
(962,614)
 
 
(28,300)

Total assets less current liabilities
  
(154,734)
(200)

  

Net liabilities
  
(154,734)
(200)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(154,834)
(300)

  
(154,734)
(200)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

Page 1

 
KOLAMBA EAST LIMITED
REGISTERED NUMBER: 14523993
    
BALANCE SHEET (CONTINUED)
AS AT 31 JULY 2024




................................................
Eroshan Nalinda Meewella
Director

Date: 4 June 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 2

 

 
KOLAMBA EAST LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JULY 2024



Called up share capital
Profit and loss account
Total equity


£
£
£





Loss for the year
-
(300)
(300)

Total comprehensive income for the year
-
(300)
(300)


Shares issued during the year
100
-
100



Total transactions with owners
100
-
100





At 1 January 2024
100
(300)
(200)





Loss for the period
-
(154,534)
(154,534)

Total comprehensive income for the period
-
(154,534)
(154,534)



At 31 July 2024
100
(154,834)
(154,734)



The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
KOLAMBA EAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

KolambaEast Limited is a private company limited by shares incorporated in England and Wales. The registered office is C/O Whitebox London Ltd, 2.17, United House 9 Pembrigde Road, Notting Hill, London, England, W11 3JY.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
KOLAMBA EAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.3

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight-line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
KOLAMBA EAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Long-term leasehold property
-
7%
Plant and machinery
-
20%
Fixtures and fittings
-
20%
Computer equipment
-
20%
Other fixed assets
-
7%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
KOLAMBA EAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

3.


Employees

2024
2023
£
£

Wages and salaries
45,770
-

Cost of defined contribution scheme
144
-

45,914
-


The average monthly number of employees, including directors, during the period was 20 (2023 - 0).


4.


Tangible fixed assets







Long-term leasehold property
Plant and machinery
Fixtures and fittings
Computer equipment
Other fixed assets

£
£
£
£
£



Cost or valuation


At 1 January 2024
-
-
-
-
28,100


Additions
374,560
163,907
188,775
2,882
50,458



At 31 July 2024

374,560
163,907
188,775
2,882
78,558



Depreciation


Charge for the period on owned assets
193
264
303
5
37



At 31 July 2024

193
264
303
5
37



Net book value



At 31 July 2024
374,367
163,643
188,472
2,877
78,521



At 31 December 2023
-
-
-
-
28,100
Page 7

 
KOLAMBA EAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

           4.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 January 2024
28,100


Additions
780,582



At 31 July 2024

808,682



Depreciation


Charge for the period on owned assets
802



At 31 July 2024

802



Net book value



At 31 July 2024
807,880



At 31 December 2023
28,100


5.


Debtors

31 July
31 December
2024
2023
£
£


Trade debtors
(57)
-

Amounts owed by group undertakings
9,949
100

Other debtors
154,479
-

Prepayments and accrued income
3,460
-

167,831
100


Page 8

 
KOLAMBA EAST LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

6.


Cash and cash equivalents

31 July
31 December
2024
2023
£
£

Cash at bank and in hand
15,566
-

15,566
-



7.


Creditors: Amounts falling due within one year

31 July
31 December
2024
2023
£
£

Trade creditors
214,413
-

Amounts owed to group undertakings
794,787
28,100

Obligations under finance lease and hire purchase contracts
140,102
-

Other creditors
1,473
-

Accruals and deferred income
12,713
300

1,163,488
28,400


 
Page 9