ACCOUNTS - Final Accounts preparation

Analysis of the maturity of loans is given below:

Registered number: 07102195

KUHNIAN HOLDINGS LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

KUHNIAN HOLDINGS LIMITED

REGISTERED NUMBER: 07102195

BALANCE SHEET

AS AT 30 SEPTEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		1,210		-
			1,210		-
Current assets
Stocks		39,428		34,265
Debtors: amounts falling due within one year	5	653,220		569,267
Cash at bank and in hand	6	91,235		170,761
		783,883		774,293
Creditors: amounts falling due within one year	7	(614)		(7,131)
Net current assets			783,269		767,162
Total assets less current liabilities			784,479		767,162
Creditors: amounts falling due after more than one year	8		(32,167)		(36,828)

Net assets			752,312		730,334

Capital and reserves
Called up share capital	1	1
Profit and loss account	752,311	730,333
	752,312	730,334

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KUHNIAN HOLDINGS LIMITED

REGISTERED NUMBER: 07102195

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

T H Simon

Director

Date: 24 September 2025

The notes on pages 3 to 8 form part of these financial statements.

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KUHNIAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.	General information

Kuhnian Holdings Limited is a private company limited by shares. The company is registered in England and Wales and its registered office address is Aston House, Cornwall Avenue, London, England, N3 1LF. The registered office number is 07102195.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

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KUHNIAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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KUHNIAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment

25%

reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

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KUHNIAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	Additions	1,424
	At 30 September 2024	1,424
	Depreciation
	Charge for the year on owned assets	214
	At 30 September 2024	214
	Net book value
	At 30 September 2024	1,210
	At 30 September 2023	-

Debtors

					2024	2023
					£	£


Other debtors	653,219	569,266
Called up share capital not paid	1	1
	653,220	569,267

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KUHNIAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	91,235	170,761
Less: bank overdrafts	(135)	-
	91,100	170,761

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Bank overdrafts	135	-
Other taxation and social security	479	-
Other creditors	-	7,131
	614	7,131

8.	Creditors: Amounts falling due after more than one year
		2024	2023
		£	£

Bank loans	32,167	36,828
	32,167	36,828

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KUHNIAN HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024


Amounts falling due 1-2 years
Bank loans	32,167	36,828
	32,167	36,828


	32,167	36,828

10.	Transactions with directors

Included in other debtors is an amount of £38,938 (2023: £7,130 credit balance) owed by the director. The loan was repaid shortly after the year end. Interest was charged on the overdrawn balance at 2.5% p.a.

11.

Related party transactions

Included in other debtors is an amount of £579,266 (2023: £569,266) owed by Countryside Art Consulting Limited, a company under common control. This loan is unsecured, interest free and repayable on demand.
Included in other debtors is an amount of £35,016 (2023: £Nil) owed by Davis Hill Art Consulting Inc, a company under common control. This loan is unsecured, interest free and repayable on demand.

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