| KINASH (K1) LIMITED |
| Registered number: |
15396464 |
| Balance Sheet |
| as at 31 January 2025 |
|
| Notes |
|
|
2025 |
|
| £ |
|
| Fixed assets |
| Tangible assets |
3 |
|
|
305,454 |
|
| Current assets |
| Cash at bank and in hand |
|
|
138,579 |
|
|
| Net current assets |
|
|
|
138,579 |
|
|
| Total assets less current liabilities |
|
|
|
444,033 |
|
|
| Creditors: amounts falling due after more than one year |
4 |
|
|
(443,933) |
|
|
|
| Net assets |
|
|
|
100 |
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
| Shareholder's funds |
|
|
|
100 |
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The member has not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his 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. |
|
|
|
|
| Ihor Kinash |
| Director |
| Approved by the board on 31 August 2025 |
|
| KINASH (K1) LIMITED |
| Notes to the Accounts |
| for the period from 8 January 2024 to 31 January 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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investment properties |
|
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market value prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. |
|
|
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. |
|
|
| 2 |
Employees |
2025 |
|
| Number |
|
|
|
Average number of persons employed by the company |
0 |
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment property |
| £ |
|
Cost |
|
Additions |
305,454 |
|
At 31 January 2025 |
305,454 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 January 2025 |
305,454 |
|
|
|
| 4 |
Creditors: amounts falling due after one year |
2025 |
|
| £ |
|
|
|
Bank loans |
109,980 |
|
Amounts owned to director |
333,953 |
|
|
|
|
|
|
443,933 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Other information |
|
|
KINASH (K1) LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Flat 33 Elm Court |
|
Armfield Crescent |
|
Mitcham |
|
CR4 2JU |