REGISTERED NUMBER: 13148822 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

KAAS Holdings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K S Landa

A K Landa

REGISTERED OFFICE:

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

REGISTERED NUMBER:

13148822 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Tangible assets

4

11

423

Investments

5

1,680

1,680

Investment property

6

145,269

145,269

146,960

147,372

CURRENT ASSETS

Debtors

7

95,000

100,000

Cash at bank

14,959

20,524

109,959

120,524

CREDITORS

Amounts falling due within one year

8

(183,879

)

(192,779

)

NET CURRENT LIABILITIES

(73,920

)

(72,255

)

TOTAL ASSETS LESS CURRENT LIABILITIES

73,040

75,117

CREDITORS

Amounts falling due after more than one year

9

(93,712

)

(93,712

)

NET LIABILITIES

(20,672

)

(18,595

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(20,674

)

(18,597

)

(20,672

)

(18,595

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2025 and were signed on its behalf by:

K S Landa - Director

1.	STATUTORY INFORMATION

KAAS Holdings Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Transition to FRS102 Section 1A

These financial statements for the year ended 31 January 2025 are the first that are prepared in accordance with FRS Section 102 section 1A. The previous financial statements were prepared in accordance with FRS 105. The date of transition to FRS 102 Section 1A is 01 February 2023.

Investment properties have been restated at fair value.

Deferred tax has been provided on accelerated capital allowances and other timing differences, where appropriate.

The transition to FRS 102 Section 1A had no effect on the financial statements for the prior year.

Going Concern

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Turnover

Rental income is recognised on a receivable basis during the year, exclusive of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the statement of income and retained earnings. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. The gains on investment properties are transferred to the non-distributable fair value reserve.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 February 2024

and 31 January 2025

1,247

DEPRECIATION

At 1 February 2024

824

Charge for year

412

At 31 January 2025

1,236

NET BOOK VALUE

At 31 January 2025

11

At 31 January 2024

423

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

1,680

NET BOOK VALUE

At 31 January 2025

1,680

At 31 January 2024

1,680

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

and 31 January 2025

145,269

NET BOOK VALUE

At 31 January 2025

145,269

At 31 January 2024

145,269

The directors consider the fair value of investment properties at the year-end to be £145,269 (2024: £145,269). Valuations of investment properties have been made on an open market value for existing use basis.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

95,000

100,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other creditors

183,879

192,779

Other creditors include accruals and deferred income of £1,560 (2024: £1,560).

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

93,712

93,712

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

93,712

93,712

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank loans

93,712

-

Bank loans are secured by way of a fixed charge over the investment property of the company.