ACCOUNTS - Final Accounts preparation

Registered number: 13311977

KF BRANDS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

KF BRANDS LTD

REGISTERED NUMBER: 13311977

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	2024	2024	2023	2023
Note	£	£	£	£


Current assets
Stocks		-		3,680
Debtors due within one year	4	25,111		19,353
Cash at bank and in hand		39,417		32,564
		64,528		55,597
Creditors due within one year	5	(64,528)		(81,093)
Net current assets/(liabilities)			-		(25,496)
Total assets less current liabilities			-		(25,496)

Net assets/(liabilities)			-		(25,496)

Capital and reserves
Called up share capital	100	100
Profit and loss account	(100)	(25,596)
	-	(25,496)

The directors consider 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 directors acknowledge their 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 on 28 September 2025.

T Fieldgrass	N Kingsley-Fieldgrass
Director	Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

KF BRANDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

KF Brands Ltd is a private company limited by shares and registered in England and Wales. The address of its registered office is 3 Kensington Church Street, London, England, W8 4LB.
The company ceased trading on 31 December 2024.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The company ceased trading on 31 December 2024.

2.3

Currency

The company's functional and presentational currency is GBP.

2.4

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:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

2.5

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 unit cost basis.
At each reporting 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 the statement of income and retained earnings.

2.6

Debtors

Debtors are measured at transaction price, less any impairment.

Page 2

KF BRANDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.7

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.

2.8

Creditors

Creditors are measured at the transaction price.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Debtors

					2024	2023
					£	£


Trade debtors	-	11,548
Amounts owed by group undertakings	24,918	7,440
Other debtors	193	365
	25,111	19,353

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

Trade creditors	2,919	878
Amounts owed to group undertakings	60,859	78,415
Accruals	750	1,800
	64,528	81,093

6.	Related party transactions
	At the financial year end date, the amount owed by group entities was £24,918 (2023: £7,440) and £60,859 (2023: £78,415) was owed to group entities.

Page 3

KF BRANDS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Controlling party

The parent company is Natteo Limited, a company registered in England and Wales.

Page 4