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REGISTERED NUMBER: 15114345 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

5 SEPTEMBER 2023 TO 31 DECEMBER 2024

FOR

KAGA REAL LIMITED

KAGA REAL LIMITED (REGISTERED NUMBER: 15114345)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 5 September 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KAGA REAL LIMITED

COMPANY INFORMATION
for the period 5 September 2023 to 31 December 2024







DIRECTOR: K Nikolopoulos





REGISTERED OFFICE: Magma House Unit 16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ





REGISTERED NUMBER: 15114345 (England and Wales)





ACCOUNTANTS: Magma Audit LLP
16 Davy Court
Castle Mound Way
Rugby, CV23 0UZ
Magma Audit LLP is part
Of the Dains Group

KAGA REAL LIMITED (REGISTERED NUMBER: 15114345)

BALANCE SHEET
31 December 2024

Notes £   
FIXED ASSETS
Investment property 4 1,248,855

CURRENT ASSETS
Cash at bank 17,085

CREDITORS
Amounts falling due within one year 5 (1,270,743 )
NET CURRENT LIABILITIES (1,253,658 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,803

)

CAPITAL AND RESERVES
Called up share capital 6 100
Retained earnings (4,903 )
SHAREHOLDERS' FUNDS (4,803 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:





K Nikolopoulos - Director


KAGA REAL LIMITED (REGISTERED NUMBER: 15114345)

NOTES TO THE FINANCIAL STATEMENTS
for the period 5 September 2023 to 31 December 2024


1. STATUTORY INFORMATION

Kaga Real Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Magma House Unit 16 Davy Court, Castle Mound Way, Rugby, England, CV23 0UZ and the registered number is 15114345.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is pound sterling (£) and figures are rounded to the nearest £1

Going Concern
At the year, end the company had net current liabilities and net liabilities of £4,803. The director has reviewed the future cash flows of the business and is confident the business will be able to meet its liabilities as they fall due. The company also has the option to call on support from related parties if necessary. As such the financial statements have been prepared on a going concern basis.

Turnover
Turnover 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:

Turnover represents rents receivable from investment properties, and is recognised as it falls due, in accordance with the lease to which it relates. Any lease incentives are spread evenly across the period of the lease.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate.


KAGA REAL LIMITED (REGISTERED NUMBER: 15114345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 5 September 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued
Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,248,855
At 31 December 2024 1,248,855
NET BOOK VALUE
At 31 December 2024 1,248,855

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 281
Taxation and social security 1,434
Other creditors 1,269,028
1,270,743

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
100 Ordinary 1 100

KAGA REAL LIMITED (REGISTERED NUMBER: 15114345)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 5 September 2023 to 31 December 2024


7. RELATED PARTY DISCLOSURES

As at 31 December 2024, the company owed £1,255,000 to a company under common directorship. This balance is included within other creditors.