Company registration number 15605778 (England and Wales)
Kusten Limited
Unaudited Financial Statements
For the period ended 31 March 2025
Kusten Limited
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Kusten Limited
Balance sheet
As at 31 March 2025
- 1 -
2025
Notes
£
£
Fixed assets
Investment property
4
653,850
Current assets
Cash at bank and in hand
35,942
Creditors: amounts falling due within one year
5
(762,717)
Net current liabilities
(726,775)
Net liabilities
(72,925)
Capital and reserves
Called up share capital
100
Profit and loss reserves
(73,025)
Total equity
(72,925)

For the financial period ended 31 March 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

T he members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 20 February 2026 and are signed on its behalf by:
Mr N K A Piesie
Ms C L J Edenhill
Director
Director
Company registration number 15605778 (England and Wales)
Kusten Limited
Statement of changes in equity
For the period ended 31 March 2025
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Period ended 31 March 2025:
Loss and total comprehensive income
-
(73,025)
(73,025)
Issue of share capital
100
-
100
Balance at 31 March 2025
100
(73,025)
(72,925)
Kusten Limited
Notes to the financial statements
For the period ended 31 March 2025
- 3 -
1
Accounting policies
Company information

Kusten Limited is a private company limited by shares incorporated in England and Wales. The registered office is Chester House, Lloyd Drive, Cheshire Oaks Business Park, Ellesmere Port, England, CH65 9HQ.

1.1
Reporting period

The company was incorporated on 30 March 2024. These financial statements are produced from the date of incorporation up to 31 March 2025. As a result of these financial statements covering an extended period, future comparative figures will not be entirely comparable.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of leasehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.3
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Kusten Limited
Notes to the financial statements (continued)
For the period ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs. As all financial assets are classified within one year, they are not amortised but carried at face value.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price. Financial liabilities classified as payable within one year are carried at face value.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and continue to be measured at face value.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Kusten Limited
Notes to the financial statements (continued)
For the period ended 31 March 2025
- 5 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2025
Number
Total
0
4
Investment property
2025
£
Fair value
At 30 March 2024
-
0
Additions
653,850
At 31 March 2025
653,850

Investment property comprises of two properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at the year end by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Creditors: amounts falling due within one year
2025
£
Bank loans
401,094
Other creditors
361,623
762,717

The loans amounting to £401,094 are secured by fixed charges over the investment properties.

6
Directors' transactions

At the balance sheet date the company owed a director of the company £360,603. This balance is interest free and repayable on demand.

2025-03-31 2024-03-30 false false true 20 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr N K A Piesie Ms C L J Edenhill Ms E M T Lindberg 15605778 2024-03-30 2025-03-31 15605778 2025-03-31 15605778 core:CurrentFinancialInstruments 2025-03-31 15605778 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15605778 core:ShareCapital 2025-03-31 15605778 core:RetainedEarningsAccumulatedLosses 2025-03-31 15605778 bus:Director1 2024-03-30 2025-03-31 15605778 bus:Director2 2024-03-30 2025-03-31 15605778 core:RetainedEarningsAccumulatedLosses 2024-03-30 2025-03-31 15605778 core:ShareCapital 2024-03-30 2025-03-31 15605778 2024-03-29 15605778 bus:EntityHasNeverTraded 2024-03-30 2025-03-31 15605778 bus:PrivateLimitedCompanyLtd 2024-03-30 2025-03-31 15605778 bus:SmallCompaniesRegimeForAccounts 2024-03-30 2025-03-31 15605778 bus:FRS102 2024-03-30 2025-03-31 15605778 bus:AuditExemptWithAccountantsReport 2024-03-30 2025-03-31 15605778 bus:CompanySecretary1 2024-03-30 2025-03-31 15605778 bus:FullAccounts 2024-03-30 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP