KAKUSHIN LTD

2021-01-012021-12-312021-12-31false03897021KAKUSHIN LTD2022-12-2168209iso4217:GBPxbrli:pure038970212021-01-01038970212021-12-31038970212021-01-012021-12-31038970212020-01-01038970212020-12-31038970212020-01-012020-12-3103897021bus:SmallEntities2021-01-012021-12-3103897021bus:AuditExempt-NoAccountantsReport2021-01-012021-12-3103897021bus:AbridgedAccounts2021-01-012021-12-3103897021bus:PrivateLimitedCompanyLtd2021-01-012021-12-3103897021core:WithinOneYear2021-12-3103897021core:AfterOneYear2021-12-3103897021core:WithinOneYear2020-12-3103897021core:AfterOneYear2020-12-3103897021core:ShareCapital2021-12-3103897021core:SharePremium2021-12-3103897021core:RevaluationReserve2021-12-3103897021core:OtherReservesSubtotal2021-12-3103897021core:RetainedEarningsAccumulatedLosses2021-12-3103897021core:ShareCapital2020-12-3103897021core:SharePremium2020-12-3103897021core:RevaluationReserve2020-12-3103897021core:OtherReservesSubtotal2020-12-3103897021core:RetainedEarningsAccumulatedLosses2020-12-3103897021core:LandBuildings2021-12-3103897021core:PlantMachinery2021-12-3103897021core:Vehicles2021-12-3103897021core:FurnitureFittings2021-12-3103897021core:OfficeEquipment2021-12-3103897021core:NetGoodwill2021-12-3103897021core:IntangibleAssetsOtherThanGoodwill2021-12-3103897021core:ListedExchangeTraded2021-12-3103897021core:UnlistedNon-exchangeTraded2021-12-3103897021core:LandBuildings2020-12-3103897021core:PlantMachinery2020-12-3103897021core:Vehicles2020-12-3103897021core:FurnitureFittings2020-12-3103897021core:OfficeEquipment2020-12-3103897021core:NetGoodwill2020-12-3103897021core:IntangibleAssetsOtherThanGoodwill2020-12-3103897021core:ListedExchangeTraded2020-12-3103897021core:UnlistedNon-exchangeTraded2020-12-3103897021core:LandBuildings2021-01-012021-12-3103897021core:PlantMachinery2021-01-012021-12-3103897021core:Vehicles2021-01-012021-12-3103897021core:FurnitureFittings2021-01-012021-12-3103897021core:OfficeEquipment2021-01-012021-12-3103897021core:NetGoodwill2021-01-012021-12-3103897021core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3103897021core:ListedExchangeTraded2021-01-012021-12-3103897021core:UnlistedNon-exchangeTraded2021-01-012021-12-3103897021core:MoreThanFiveYears2021-01-012021-12-3103897021core:Non-currentFinancialInstruments2021-12-3103897021core:Non-currentFinancialInstruments2020-12-3103897021dpl:CostSales2021-01-012021-12-3103897021dpl:DistributionCosts2021-01-012021-12-3103897021dpl:AdministrativeExpenses2021-01-012021-12-3103897021core:LandBuildings2021-01-012021-12-3103897021core:PlantMachinery2021-01-012021-12-3103897021core:Vehicles2021-01-012021-12-3103897021core:FurnitureFittings2021-01-012021-12-3103897021core:OfficeEquipment2021-01-012021-12-3103897021core:NetGoodwill2021-01-012021-12-3103897021core:IntangibleAssetsOtherThanGoodwill2021-01-012021-12-3103897021dpl:GroupUndertakings2021-01-012021-12-3103897021dpl:ParticipatingInterests2021-01-012021-12-3103897021dpl:GroupUndertakingscore:ListedExchangeTraded2021-01-012021-12-3103897021core:ListedExchangeTraded2021-01-012021-12-3103897021dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-01-012021-12-3103897021core:UnlistedNon-exchangeTraded2021-01-012021-12-3103897021dpl:CostSales2020-01-012020-12-3103897021dpl:DistributionCosts2020-01-012020-12-3103897021dpl:AdministrativeExpenses2020-01-012020-12-3103897021core:LandBuildings2020-01-012020-12-3103897021core:PlantMachinery2020-01-012020-12-3103897021core:Vehicles2020-01-012020-12-3103897021core:FurnitureFittings2020-01-012020-12-3103897021core:OfficeEquipment2020-01-012020-12-3103897021core:NetGoodwill2020-01-012020-12-3103897021core:IntangibleAssetsOtherThanGoodwill2020-01-012020-12-3103897021dpl:GroupUndertakings2020-01-012020-12-3103897021dpl:ParticipatingInterests2020-01-012020-12-3103897021dpl:GroupUndertakingscore:ListedExchangeTraded2020-01-012020-12-3103897021core:ListedExchangeTraded2020-01-012020-12-3103897021dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-01-012020-12-3103897021core:UnlistedNon-exchangeTraded2020-01-012020-12-3103897021core:NetGoodwill2021-12-3103897021core:IntangibleAssetsOtherThanGoodwill2021-12-3103897021core:LandBuildings2021-12-3103897021core:PlantMachinery2021-12-3103897021core:Vehicles2021-12-3103897021core:FurnitureFittings2021-12-3103897021core:OfficeEquipment2021-12-3103897021core:AfterOneYear2021-12-3103897021core:WithinOneYear2021-12-3103897021core:ListedExchangeTraded2021-12-3103897021core:UnlistedNon-exchangeTraded2021-12-3103897021core:ShareCapital2021-12-3103897021core:SharePremium2021-12-3103897021core:RevaluationReserve2021-12-3103897021core:OtherReservesSubtotal2021-12-3103897021core:RetainedEarningsAccumulatedLosses2021-12-3103897021core:NetGoodwill2020-12-3103897021core:IntangibleAssetsOtherThanGoodwill2020-12-3103897021core:LandBuildings2020-12-3103897021core:PlantMachinery2020-12-3103897021core:Vehicles2020-12-3103897021core:FurnitureFittings2020-12-3103897021core:OfficeEquipment2020-12-3103897021core:AfterOneYear2020-12-3103897021core:WithinOneYear2020-12-3103897021core:Liste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KAKUSHIN LTD

Registered Number
03897021
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2021

KAKUSHIN LTD

Company Information
for the year from 1 January 2021 to 31 December 2021


Directors	HILL, Finn
	MCHUGH, Pauline Bridget


Registered Address	1-3 Heathmans Road
	Parsons Green
	London
	SW6 4TJ


Registered Number	03897021 (England and Wales)

KAKUSHIN LTD

Balance Sheet as at
31 December 2021

	Notes	2021		2020
		£	£	£	£
Fixed assets
Tangible assets	5		8,349,916		8,015,746
Investments	6		37,520		37,520
			8,387,436		8,053,266
Current assets
Debtors		31,812		78,490
Cash at bank and on hand		1,260,791		694,836
		1,292,603		773,326
Creditors amounts falling due within one year		(7,511)		(19,804)
Net current assets (liabilities)			1,285,092		753,522
Total assets less current liabilities			9,672,528		8,806,788
Creditors amounts falling due after one year			(8,914,715)		(8,158,977)
Net assets			757,813		647,811
Capital and reserves
Called up share capital			3		3
Share premium			131,999		131,999
Revaluation reserve			575,265		281,750
Profit and loss account			50,546		234,059
Shareholders' funds			757,813		647,811

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 21 December 2022, and are signed on its behalf by:

HILL, Finn
Director
Registered Company No. 03897021

KAKUSHIN LTD

Notes to the Financial Statements
for the year ended 31 December 2021

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Property, plant and equipment policy
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	-	4
Fixtures and fittings	-	3
Vehicles	25	-
Office Equipment	-	4

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Deferred tax policy
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax policy

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments policy
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments policy

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Employee benefits policy
	Contributions to defined contribution plans are expensed in the period to which they relate.

4.	Employee information


		2021		2020
	Average number of employees during the year	2		2

5.	Property, plant and equipment

		Total
		£
	Cost or valuation
	At 01 January 21	8,168,269
	Additions	258,542
	Revaluations	124,000
	At 31 December 21	8,550,811
	Depreciation and impairment
	At 01 January 21	152,522
	Charge for year	48,373
	At 31 December 21	200,895
	Net book value
	At 31 December 21	8,349,916
	At 31 December 20	8,015,746

6.	Fixed asset investments

		Total
		£
	Cost or valuation
	At 01 January 21	37,520
	At 31 December 21	37,520
	Net book value
	At 31 December 21	37,520
	At 31 December 20	37,520