KAPT Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15862288

KAPT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 July 2025

KAPT LIMITED

STATEMENT OF FINANCIAL POSITION

31 July 2025

	31 Jul 25
Note	£	£

FIXED ASSETS

Investments	4		1,160,769

CURRENT ASSETS

Debtors	5	129
Cash at bank and in hand		20,683
		---------
		20,812

CREDITORS: amounts falling due within one year	6	1,206,339
		--------------
NET CURRENT LIABILITIES			1,185,527
			--------------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 24,758)
			---------
NET LIABILITIES			( 24,758)
			---------

KAPT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 July 2025

	31 Jul 25
Note	£	£

CAPITAL AND RESERVES

Called up share capital	7	100
Profit and loss account		( 24,858)
		---------
SHAREHOLDERS DEFICIT		( 24,758)
		---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 18 March 2026 , and are signed on behalf of the board by:

T A K Booth

Director

Company registration number: 15862288

KAPT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 29 JULY 2024 TO 31 JULY 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Equitable House, 55 Pellon Lane, Halifax, HX1 5SP.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors have given assurances that they will continue to support the company and does not intend to withdraw their loan account in the foreseeable future. The financial statements have therefore been prepared on a going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Investments

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

4. INVESTMENTS

	Investment property
	£
Cost
At 29 July 2024	–
Additions	1,160,769
	--------------
At 31 July 2025	1,160,769
	--------------
Impairment
At 29 July 2024 and 31 July 2025	–
	--------------

Carrying amount
At 31 July 2025	1,160,769
	--------------

There has been no significant change in value since the properties were introduced into the company in September 2024.

5. DEBTORS

	31 Jul 25
	£
Other debtors	129
	-----

6. CREDITORS: amounts falling due within one year

	31 Jul 25
	£
Other creditors	1,206,339
	--------------

7. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	31 Jul 25
	No.	£
Ordinary A shares of £ 1 each	60	60
Ordinary B shares of £ 1 each	20	20
Ordinary C shares of £ 1 each	20	20
	-----	-----
	100	100
	-----	-----

100 ordinary £1 shares were issued on incorporation.

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors loan account was in credit throughout the year. The loan is unsecured, repayable on demand and no interest is charged.