Kankku (Group) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15366927

Kankku (Group) Limited

Filleted Unaudited Financial Statements

For the period ended

31 December 2024

Kankku (Group) Limited

Statement of Financial Position

31 December 2024

	31 Dec 24
Note	£

Fixed assets

Investments	4	5,286,312

Current assets

Debtors	5	20,768

Creditors: Amounts falling due within one year	6	2,248,871
		-------------
Net current liabilities		2,228,103
		-------------
Total assets less current liabilities		3,058,209
		-------------
Net assets		3,058,209
		-------------

Capital and reserves

Called up share capital	81
Share premium account	2,474,721
Profit and loss account	583,407
	-------------
Shareholder funds	3,058,209
	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kankku (Group) Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 3 September 2025 , and are signed on behalf of the board by:

N Fieldhouse
Director

Company registration number: 15366927

Kankku (Group) Limited

Notes to the Financial Statements

Period from 21 December 2023 to 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Victoria Forge, Victoria Street, WIndermere, Cumbria, LA23 1AD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover represents amounts receivable for rental income from investment properties and is recognised on a straight-line basis over the term of the leases. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 21 December 2023	–	–	–
Additions	3,079,833	2,206,479	5,286,312
	-------------	-------------	-------------
At 31 December 2024	3,079,833	2,206,479	5,286,312
	-------------	-------------	-------------
Impairment
At 21 December 2023 and 31 December 2024	–	–	–
	-------------	-------------	-------------

Carrying amount
At 31 December 2024	3,079,833	2,206,479	5,286,312
	-------------	-------------	-------------

5. Debtors

	31 Dec 24
	£
Other debtors	20,768
	---------

6. Creditors: amounts falling due within one year

	31 Dec 24
	£
Corporation tax	4,058
Other creditors	2,244,813
	-------------
	2,248,871
	-------------