| KALON FINANCIAL LTD |
| Registered number: |
12462431 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
114,580 |
|
|
7,095 |
| Investments |
4 |
|
|
124,843 |
|
|
75,150 |
|
|
|
|
239,423 |
|
|
82,245 |
|
| Current assets |
| Debtors |
5 |
|
628,405 |
|
|
361,554 |
| Investments held as current assets |
6 |
|
1,729,188 |
|
|
- |
| Cash at bank and in hand |
|
|
251,730 |
|
|
2,461,756 |
|
|
|
2,609,323 |
|
|
2,823,310 |
|
| Creditors: amounts falling due within one year |
7 |
|
(406,406) |
|
|
(492,593) |
|
| Net current assets |
|
|
|
2,202,917 |
|
|
2,330,717 |
|
| Total assets less current liabilities |
|
|
|
2,442,340 |
|
|
2,412,962 |
|
| Creditors: amounts falling due after more than one year |
8 |
|
|
(2,389,415) |
|
|
(1,777,247) |
|
|
| Net assets |
|
|
|
52,925 |
|
|
635,715 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| Profit and loss account |
|
|
|
52,922 |
|
|
635,712 |
| Shareholders' funds |
|
|
|
52,925 |
|
|
635,715 |
|
|
|
|
|
|
|
|
| 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. |
|
| Yogeshkumar Tated |
| Director |
| Approved by the board on 18 September 2025 |
|
| KALON FINANCIAL LTD |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 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. |
|
|
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: |
|
|
Plant and machinery |
25 % Written Down Value |
|
Motor Vehicles |
20 % Written Down Value |
|
|
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 |
|
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
|
|
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. |
|
|
Pensions |
|
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
15 |
|
3 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
- |
|
7,096 |
|
- |
|
7,096 |
|
Additions |
- |
|
2,011 |
|
134,687 |
|
136,698 |
|
At 31 March 2025 |
- |
|
9,107 |
|
134,687 |
|
143,794 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
- |
|
- |
|
- |
|
Charge for the year |
- |
|
2,277 |
|
26,937 |
|
29,214 |
|
At 31 March 2025 |
- |
|
2,277 |
|
26,937 |
|
29,214 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
6,830 |
|
107,750 |
|
114,580 |
|
At 31 March 2024 |
- |
|
7,096 |
|
- |
|
7,096 |
|
|
|
|
|
|
|
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
Other |
| undertakings |
investments |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
124,843 |
|
- |
|
124,843 |
|
At 31 March 2025 |
124,843 |
|
- |
|
124,843 |
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
249,057 |
|
215,580 |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
379,348 |
|
- |
|
Deferred tax asset |
|
|
|
|
- |
|
- |
|
Other debtors |
- |
|
145,974 |
|
|
|
|
|
|
628,405 |
|
361,554 |
|
|
|
|
|
|
|
|
|
| 6 |
Investments held as current assets |
2025 |
|
2024 |
| £ |
£ |
|
Fair value |
|
Unlisted investments |
1,729,188 |
|
- |
|
|
|
|
|
|
1,729,188 |
|
- |
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
162,074 |
|
57,832 |
|
Trade creditors |
9,599 |
|
26,772 |
|
Taxation and social security costs |
280,516 |
|
407,989 |
|
Other creditors |
(45,783) |
|
- |
|
|
|
|
|
|
406,406 |
|
492,593 |
|
|
|
|
|
|
|
|
|
| 8 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
2,389,415 |
|
1,777,247 |
|
|
|
|
|
|
2,389,415 |
|
1,777,247 |
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
KALON FINANCIAL LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
1 Cornhill |
|
|
London |
|
England |
|
EC3V 3ND |