480 KINGSLAND INVESTMENT LTD - Filleted accounts

Registered number

09932970

480 KINGSLAND INVESTMENT LTD

Unaudited Filleted Accounts

31 December 2024

480 KINGSLAND INVESTMENT LTD
Registered number:		09932970
Balance Sheet
as at 31 December 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		139			174
Investments	4		106,087			106,087
			106,226			106,261

Current assets
Debtors	5	25,998			25,998
Cash at bank and in hand		52,022			50,033
		78,020			76,031

Creditors: amounts falling due within one year	6	3,904			(7,910)

Net current assets			81,924			68,121

Total assets less current liabilities			188,150			174,382

Creditors: amounts falling due after more than one year	7		(79,037)			(82,742)



Net assets			109,113			91,640

Capital and reserves
Called up share capital			3			3
Profit and loss account			109,110			91,637

Shareholders' funds			109,113			91,640

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


….......................		…........................................			…..........................
Mr Hasan Yildiz		Mr Parmpal Singh Dhillon			Mr Barbaros Inan
Director		Director			Director

Approved by the board on 30 September 2025

480 KINGSLAND INVESTMENT LTD
Notes to the Accounts
for the year ended 31 December 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	20% Reducing Balance Method

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.





	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees		2024		2023
Number				Number

	Average number of persons employed by the company		-		-


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 January 2024				424
	At 31 December 2024				424

	Depreciation
	At 1 January 2024				250
	Charge for the year				35
	At 31 December 2024				285

	Net book value
	At 31 December 2024				139
	At 31 December 2023				174







4	Investments

Other
investments
£
	Cost
	At 1 January 2024				106,087

	At 31 December 2024				106,087


5	Debtors		2024		2023
£				£

	Other Debtors		15,123		15,123
	Other debtors		10,875		10,875
			25,998		25,998


6	Creditors: amounts falling due within one year		2024		2023
£				£

	Bank loans and overdrafts		3,700		3,700
	Trade creditors		1,336		2,411
	Taxation and social security costs		4,767		660
	Other creditors		(13,707)		1,139
			(3,904)		7,910


7	Creditors: amounts falling due after one year		2024		2023
£				£

	Bank loans		1,537		5,242
	Other Creditor		47,500		47,500
	Amounts owed to connected party		30,000		30,000
			79,037		82,742


8	Other information

	480 KINGSLAND INVESTMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
	Studio 6
	6 Hornsey Street
	Lodnon
	N7 8GR