ACCOUNTS - Final Accounts

Registered number: 03405680

KIRAN CURTIS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

KIRAN CURTIS LIMITED

REGISTERED NUMBER: 03405680

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		416		1,085
			416		1,085
Current assets
Debtors: amounts falling due within one year	5	13,891		21,665
Cash at bank and in hand	6	1,501		18,892
		15,392		40,557
Creditors: amounts falling due within one year	7	(7,304)		(5,396)
Net current assets			8,088		35,161
Total assets less current liabilities			8,504		36,246

Net assets			8,504		36,246

Capital and reserves
Called up share capital	93	93
Share premium account	6,082	6,082
Capital redemption reserve	10	10
Profit and loss account	2,319	30,061
	8,504	36,246

Page 1

KIRAN CURTIS LIMITED

REGISTERED NUMBER: 03405680

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 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:

K Curtis

Director

Date: 12 September 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

KIRAN CURTIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Kiran Curtis Limited is a private Company limited by share capital, incorporated in England and Wales, registration number 03405680. The address of the registered office is 1 Vincent Square, London, SW1P 2PN. The Company submitted an update to Companies House on 2 September 2024, confirming that it had ceased to trade as at 29 August 2024.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared on a basis other than the historical cost convention, 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. This basis includes, where applicable, writing the company's assets down to net realisable value, and reviewing any post balance sheet commitments which may need to be provided for.

The following principal accounting policies have been applied:

2.2

Going concern

The Company submitted an update to Companies House on 2 September 2024, confirming that it had ceased to trade as at 29 August 2024. As such, the Company has departed from the going concern basis. Budgets and other financial projections have not been prepared for future financial reporting periods. The amounts reflected in the balance sheet are based on recoverable balances at the year end date taking into account any post balance sheet information to the date of the Directors report.

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.

Page 3

KIRAN CURTIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Pensions

The Company contributes to a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

KIRAN CURTIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

				Fixtures & fittings	-	25%
				Office equipment	-	25%

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

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.

2.9

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.

2.10

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.

Employees

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

Page 5

KIRAN CURTIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2024	5,501
	At 31 December 2024	5,501
	Depreciation
	At 1 January 2024	4,416
	Charge for the year on owned assets	669
	At 31 December 2024	5,085
	Net book value
	At 31 December 2024	416
	At 31 December 2023	1,085

Debtors

					2024	2023
					£	£


Other debtors	13,891	8,793
Prepayments	-	12,872
	13,891	21,665

6.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	1,501	18,892
	1,501	18,892

Page 6

KIRAN CURTIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

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

Trade creditors	-	110
Other taxation and social security	-	2,916
Other creditors	4,997	570
Accruals and deferred income	2,307	1,800
	7,304	5,396

8.	Pension commitments

The Company contributes into a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £Nil (2023 - £5,000). Contributions totaling £Nil (2023 - £Nil) were payable to the fund at the balance sheet date.

9.	Related party transactions
	As the end of the reporting period, the company owed the Director (Mr K Curtis) a total of £4,997 (2023: debtor of £646) in respect of amounts advanced to the company. This balance is included in other creditors, is interest free, and repayable on demand.

Page 7