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KOBRE & KIM BUSINESS ADVISORS (UK) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Kobre & Kim Business Advisors (UK) Ltd is a private company, limited by shares, incorporated in England and Wales, registration number 13299250. The address of the registered office is Tower 42, Floor 15, 25 Old Broad Street, London, EC2N 1HQ.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The financial statements are prepared in sterling, the functional currency, rounded to the nearest £1.
The following principal accounting policies have been applied:
The company has net current liabilities of £175,826 (2024: £179,324) and net liabilities of £9,999 (2024: £13,497) at the balance sheet date.
The company's ultimate parent undertaking, Red Queen (US) LLC has indicated its willingness and ability to support the company for at least 12 months from the date of approval of the financial statements. Therefore, the financial statements have been prepared on a going concern basis.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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