REGISTERED NUMBER: |
KLIN INVESTMENT UK LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
REGISTERED NUMBER: |
KLIN INVESTMENT UK LIMITED |
FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KLIN INVESTMENT UK LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
11 Portland Road |
Kilmarnock |
KA1 2BT |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
BALANCE SHEET |
30TH SEPTEMBER 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Investments | 7 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
9 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
BALANCE SHEET - continued |
30TH SEPTEMBER 2024 |
The financial statements were approved by the director and authorised for issue on |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Klin Investment UK Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
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. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
4. | FIXED ASSET INVESTMENTS |
Interest | Interest |
Shares in | in | in other |
group | associate | participating |
undertakings | undertakings | interests | Totals |
£ | £ | £ | £ |
COST |
At 1st October 2023 |
and 30th September 2024 | 1,300 | 7,550,225 |
NET BOOK VALUE |
At 30th September 2024 | 1,300 | 7,550,225 |
At 30th September 2023 | 1,300 | 7,550,225 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st October 2023 |
and 30th September 2024 |
NET BOOK VALUE |
At 30th September 2024 |
At 30th September 2023 |
Fair value at 30th September 2024 is represented by: |
£ |
Valuation in 2022 | 56,733 |
Cost | 373,267 |
430,000 |
This property was revalued by the director at the previous balance sheet date with no change considered necessary at 30 September 2024. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Amounts owed by associates |
Other debtors |
7. | CURRENT ASSET INVESTMENTS |
2024 | 2023 |
£ | £ |
Other |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors | ( |
) | ( |
) |
Taxation and social security |
Other creditors |
9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Amounts owed to group undertakings |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 4,163 | 9,719 |
10. | RESERVES |
Revaluation |
reserve |
£ |
At 1st October 2023 |
and 30th September 2024 |
11. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30th September 2024 and 30th September 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
12. | RELATED PARTY DISCLOSURES |
Trade debtors (note 5) includes a balance due from Klin Facilities Management Limited, a company which is controlled by D. Macklin, director, of £13,382 (2023 - £13,382). Other debtors (note 5) includes a balance due from this company of £118,646 (2023: £98,646). |
Other debtors (note 5) includes balances of £1,463,800 due from Jonick Homes Limited and £242,097 due from Jonick Wexford Limited, companies in which D. Macklin, director, has share interests. These loans are subject to normal commercial terms. |
13. | ULTIMATE CONTROLLING PARTY |
The company is controlled by D Macklin, director. |