Company No:
Contents
| Directors | D C Grimm (Resigned 07 October 2024) |
| M Kruse (Resigned 07 October 2024) | |
| C V Roberts | |
| V Roma |
| Secretary | S Bathia |
| Registered office | 3a Montagu Row |
| London | |
| W1U DZ | |
| United Kingdom |
| Company number | 15129508 (England and Wales) |
| Accountant | Kreston Reeves LLP |
| 2nd Floor | |
| 168 Shoreditch High Street | |
| London | |
| E1 6RA |
| Note | 31.12.2024 | |
| £ | ||
| Fixed assets | ||
| Intangible assets | 3 |
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| Tangible assets | 4 |
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| 1,318,325 | ||
| Current assets | ||
| Debtors | 5 |
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| Cash at bank and in hand | 6 |
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| 176,653 | ||
| Creditors: amounts falling due within one year | 7 | (
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| Net current liabilities | (1,477,243) | |
| Total assets less current liabilities | (158,918) | |
| Net liabilities | (
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| Capital and reserves | ||
| Called-up share capital | 8 |
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| Profit and loss account | (
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| Total shareholder's deficit | (
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Directors' responsibilities:
The financial statements of KMK Kinderzimmer 7 Walthamstow Ltd (registered number:
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V Roma
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
KMK Kinderzimmer 7 Walthamstow Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3a Montagu Row , London, W1U DZ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The company was incorporated on 11 September 2023 and commenced trading on the same date.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Other intangible assets | not amortised |
| Leasehold improvements |
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| Computer equipment |
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Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
| Period from 11.09.2023 to 31.12.2024 |
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| Number | |
| Monthly average number of persons employed by the Company during the period, including directors |
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| Other intangible assets | Total | ||
| £ | £ | ||
| Cost | |||
| At 11 September 2023 |
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| Additions |
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| At 31 December 2024 |
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| Accumulated amortisation | |||
| At 11 September 2023 |
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| At 31 December 2024 |
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| Net book value | |||
| At 31 December 2024 |
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| Leasehold improve- ments |
Computer equipment | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 11 September 2023 |
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| Additions |
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| At 31 December 2024 |
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| Accumulated depreciation | |||||
| At 11 September 2023 |
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| Charge for the financial period |
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| At 31 December 2024 |
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| Net book value | |||||
| At 31 December 2024 |
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| 31.12.2024 | |
| £ | |
| Trade debtors |
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| Prepayments |
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| Other debtors |
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| 31.12.2024 | |
| £ | |
| Cash at bank and in hand |
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| 31.12.2024 | |
| £ | |
| Trade creditors |
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| Amounts owed to Group undertakings |
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| Accruals and deferred income |
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| Other taxation and social security |
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| Other creditors |
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| 31.12.2024 | |
| £ | |
| Allotted, called-up and fully-paid | |
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Other related party transactions
KMK Kinderzimmer UK Holding Limited
(Holding company)
During the year the company received a loan from KMK Kinderzimmer UK Holding Limited. The loan is interest free and repayable on demand. At the balance sheet date the amount due to KMK Kinderzimmer UK Holding Limited was £1,544,736.
Parent Company:
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| 3a Montagu Row, London, England, W1U 6DZ |