KIN + ILK PONTCANNA LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09675791

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		95,524		121,396

			95,524		121,396
CURRENT ASSETS
Stocks	5	11,412		11,412
Debtors	6	291,071		273,961
Cash at bank and in hand		7,674		17,806

		310,157		303,179
Creditors: Amounts Falling Due Within One Year	7	(537,466 )		(526,637 )

NET CURRENT ASSETS (LIABILITIES)			(227,309 )		(223,458 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(131,785 )		(102,062 )

Creditors: Amounts Falling Due After More Than One Year	8		(27,355 )		(33,839 )

NET LIABILITIES			(159,140 )		(135,901 )

CAPITAL AND RESERVES
Called up share capital	9		1		1
Revaluation reserve	10		40,768		40,768
Profit and Loss Account			(199,909 )		(176,670 )

SHAREHOLDERS' FUNDS			(159,140)		(135,901)

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KIN + ILK PONTCANNA LIMITED

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Haydn Troshin-Darke

Director

21/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

KIN + ILK PONTCANNA LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 09675791 . The registered office is 1 Capital Quarter, Tyndall Street, Cardiff, Wales, CF10 4BZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	20% Straight Line
Plant & Machinery	20% Straight Line
Motor Vehicles	25% Straight Line
Fixtures & Fittings	15 Years Straight Line
Computer Equipment	25% Straight Line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Charges

Barclays Security Trustee Limited holds fixed and floating charge and a negative pledge dated 21 January 2021 over Kin + Ilk Pontcanna Limited on all monies, obligations and liabilities which may be due to Barclays Security Trustee Limited now and in the future. (Charge code 0967 5791 0003)

Finance Wales Investments (8) LTD holds fixed and floating charge and a negative pledge dated 17 December 2015 over Kin + llk Pontcanna Limited on all monies, obligations and liabilities which may be due to Finance Wales Investments (8) LTD now and in the future. (Charge code 0967 5791 0001)

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2023: 14)

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KIN + ILK PONTCANNA LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	3,360	34,152	21,370	276,226
Additions	-	5,762	-	2,103
Disposals	-	(3,468 )	-	-

As at 31 December 2024	3,360	36,446	21,370	278,329

Depreciation
As at 1 January 2024	3,137	21,003	21,370	169,108
Provided during the period	223	6,182	-	26,719
Disposals	-	(3,251 )	-	-

As at 31 December 2024	3,360	23,934	21,370	195,827

Net Book Value
As at 31 December 2024	-	12,512	-	82,502

As at 1 January 2024	223	13,149	-	107,118


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	3,629	338,737
Additions	-	7,865
Disposals	(450 )	(3,918 )

As at 31 December 2024	3,179	342,684

Depreciation
As at 1 January 2024	2,723	217,341
Provided during the period	396	33,520
Disposals	(450 )	(3,701 )

As at 31 December 2024	2,669	247,160

Net Book Value
As at 31 December 2024	510	95,524

As at 1 January 2024	906	121,396

5. Stocks

	2024	2023
	£	£
Stock	11,412	11,412

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KIN + ILK PONTCANNA LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,837	3,180
Prepayments and accrued income	9,375	9,999
Net wages	115	-
Amounts owed by group undertakings	279,744	260,782

	291,071	273,961

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	35,302	46,277
Bank loans and overdrafts	6,553	6,395
Other taxes and social security	1,936	15,178
VAT	34,908	36,126
Other creditors	809	746
Accruals and deferred income	54,050	74,926
Directors' loan accounts	-	15
Amounts owed to group undertakings	403,908	346,974

	537,466	526,637

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	27,355	33,839

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

10. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	40,768

As at 31 December 2024	40,768

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