Company Registration No. 11836604 (England and Wales)
Kashkind Ltd
Unaudited accounts
for the year ended 31 May 2024
Kashkind Ltd
Unaudited accounts
Contents
Kashkind Ltd
Company Information
for the year ended 31 May 2024
Director
Mr Anuj Ramesh Khanna
Company Number
11836604 (England and Wales)
Registered Office
C/O Benison Solvers Limited 1000 Great W
Brentford
Middlesex
TW8 9DW
United Kingdom
Kashkind Ltd
Statement of financial position
as at 31 May 2024
Intangible assets
-
337,877
Cash at bank and in hand
1,280
499
Creditors: amounts falling due within one year
(11,914)
(16,949)
Net current assets/(liabilities)
16,017
(7,114)
Total assets less current liabilities
16,017
330,763
Creditors: amounts falling due after more than one year
(37,318)
(37,227)
Provisions for liabilities
Net (liabilities)/assets
(21,301)
248,951
Called up share capital
143
143
Share premium
98,959
98,959
Profit and loss account
(120,403)
149,849
Shareholders' funds
(21,301)
248,951
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 June 2025 and were signed on its behalf by
Mr Anuj Ramesh Khanna
Director
Company Registration No. 11836604
Kashkind Ltd
Notes to the Accounts
for the year ended 31 May 2024
Kashkind Ltd is a private company, limited by shares, registered in England and Wales, registration number 11836604. The registered office is C/O Benison Solvers Limited 1000 Great W, Brentford, Middlesex, TW8 9DW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Kashkind Ltd
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Total
During the year, the Company wrote off the fixed asset related to the development of the Kashkind Fintech Software Platform. The project was left incomplete and was not expected to generate future economic benefits. As such, the asset was deemed fully impaired.
The original capitalised development cost amounted to £71,478.40. The asset had previously been revalued to £266,398.10. As a result, the total impairment loss recognised during the year was £337,876.50, comprising both the write-off of the capitalised cost and the reversal of the revaluation surplus.
This charge has been recognised in the statement of profit or loss and reflects a prudent assessment of the platform’s commercial viability.
* £266,398 under Loss from revaluation of intangible assets – representing the reversal of the previous revaluation surplus; and
* £71,479 under Loss on sale of intangible assets – used to reflect the write-off of the original capitalised cost, although no actual sale occurred.
5
Deferred taxation
2024
2023
Revaluation of investment property
-
50,616
Tax losses carried forward
(26,651)
(6,031)
Provision at start of year
44,585
45,392
Credited to the profit and loss account
(71,236)
(807)
Provision at end of year
(26,651)
44,585
Allotted, called up and fully paid:
14,278,400 Ordinary shares of £0.00001 each
142.78
142.78
Kashkind Ltd
Notes to the Accounts
for the year ended 31 May 2024
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).