Kathtineam (Holdings) Ltd - Accounts to registrar (filleted) - small 22.3

Kathtineam (Holdings) Ltd - Accounts to registrar (filleted) - small 22.3

KATHTINEAM(HOLDINGS)LIMITED - Company Information

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REGISTERED NUMBER: 00543497 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

KATHTINEAM (HOLDINGS) LTD
KATHTINEAM (HOLDINGS) LTD (REGISTERED NUMBER: 00543497)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Accountants' Report 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


KATHTINEAM (HOLDINGS) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: Mr G N Summers
Mrs E A Summers





SECRETARY: Mrs E A Summers





REGISTERED OFFICE: 57 London Road
High Wycombe
Buckinghamshire
HP11 1BS





REGISTERED NUMBER: 00543497 (England and Wales)





ACCOUNTANTS: Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS
Page 1
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KATHTINEAM (HOLDINGS) LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kathtineam (Holdings) Ltd for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kathtineam (Holdings) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kathtineam (Holdings) Ltd and state those matters that we have agreed to state to the Board of Directors of Kathtineam (Holdings) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kathtineam (Holdings) Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kathtineam (Holdings) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kathtineam (Holdings) Ltd. You consider that Kathtineam (Holdings) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kathtineam (Holdings) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Seymour Taylor Limited
57 London Road
High Wycombe
Buckinghamshire
HP11 1BS


12 September 2022

This page does not form part of the statutory financial statements

Page 2
KATHTINEAM (HOLDINGS) LTD (REGISTERED NUMBER: 00543497)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,366 -
Investment property 5 425,000 310,000
426,366 310,000

CURRENT ASSETS
Cash at bank 26,507 20,955

CREDITORS
Amounts falling due within one year 6 12,553 16,488
NET CURRENT ASSETS 13,954 4,467
TOTAL ASSETS LESS CURRENT
LIABILITIES
440,320
314,467

PROVISIONS FOR LIABILITIES 26,537 4,687
NET ASSETS 413,783 309,780

CAPITAL AND RESERVES
Called up share capital 2,502 2,502
Fair Value Reserve 7 332,131 238,150
Retained earnings 79,150 69,128
413,783 309,780

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 notes on pages 5 to 7 form part of these financial statements

Page 3
KATHTINEAM (HOLDINGS) LTD (REGISTERED NUMBER: 00543497)

BALANCE SHEET - continued
31 MARCH 2022


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf by:





Mr G N Summers - Director


The notes on pages 5 to 7 form part of these financial statements

Page 4
KATHTINEAM (HOLDINGS) LTD (REGISTERED NUMBER: 00543497)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Kathtineam (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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - straight line - 33%

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Tax on the profit or loss for the year comprises current and deferred tax. Tax is recognised in the income statement except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case it is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the statement of financial position date, and any adjustment to tax payable in respect of previous years.

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 (2021 - 2 ) .

Page 5
KATHTINEAM (HOLDINGS) LTD (REGISTERED NUMBER: 00543497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
Additions 2,049
At 31 March 2022 2,049
DEPRECIATION
Charge for year 683
At 31 March 2022 683
NET BOOK VALUE
At 31 March 2022 1,366

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 310,000
Revaluations 115,000
At 31 March 2022 425,000
NET BOOK VALUE
At 31 March 2022 425,000
At 31 March 2021 310,000

Fair value at 31 March 2022 is represented by:
£   
Valuation in 1997 113,668
Valuation in 2002 120,000
Valuation in 2007 100,000
Valuation in 2014 (75,000 )
Valuation in 2017 (15,000 )
Valuation in 2022 115,000
Cost 66,332
425,000

Investment property are carried at fair value with that fair value being determined by reference to an active market.

Gains on revaluation are recognised in other comprehensive income and accumulated in fair value reserve. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease previously recognised in profit or loss.

Losses arising on revaluation are recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity, in respect of that asset. Any excess is recognised in profit or loss.

Page 6
KATHTINEAM (HOLDINGS) LTD (REGISTERED NUMBER: 00543497)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 1,561 -
Other creditors 10,992 16,488
12,553 16,488

7. RESERVES
Fair
Value
Reserve
£   
At 1 April 2021 238,150
Transfer between reserves 93,981

At 31 March 2022 332,131

Page 7