Company Registration No. 09675770 (England and Wales)
KIN + ILK CAPITAL TOWER LIMITED
Unaudited accounts
for the year ended 31 December 2022
KIN + ILK CAPITAL TOWER LIMITED
Unaudited accounts
Contents
KIN + ILK CAPITAL TOWER LIMITED
Company Information
for the year ended 31 December 2022
Company Number
09675770 (England and Wales)
Registered Office
1 Capital Quarter
Tyndall Street
Cardiff, Wales
CF10 4BZ
United Kingdom
Accountants
Cadre Advisory Ltd
Embassy Offices, Stangate House
Stanwell Road
Penarth
CF64 2AA
KIN + ILK CAPITAL TOWER LIMITED
Statement of financial position
as at 31 December 2022
Tangible assets
18,061
26,859
Cash at bank and in hand
27
-
Creditors: amounts falling due within one year
(16,494)
(9,337)
Net current assets
16,171
28,395
Total assets less current liabilities
34,232
55,254
Creditors: amounts falling due after more than one year
(22,339)
(23,588)
Called up share capital
1
1
Revaluation reserve
18,412
18,412
Profit and loss account
(6,520)
13,253
Shareholders' funds
11,893
31,666
For the year ending 31 December 2022 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 June 2023 and were signed on its behalf by
David Davies
Director
Company Registration No. 09675770
KIN + ILK CAPITAL TOWER LIMITED
Notes to the Accounts
for the year ended 31 December 2022
KIN + ILK CAPITAL TOWER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09675770. The registered office is 1 Capital Quarter, Tyndall Street, Cardiff, Wales, CF10 4BZ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Fixtures & fittings
20% straight line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The Barclays Security Trustee Limited holds fixed and floating charge and a negative pledge dated 21 January 2021 over Kin+IIK Capital Tower Limited on all monies, obligations , liabilities which may be due to Barclays Security Trustee Limited now and future (Charge code 0967 5770 0002).
The Finance Wales Investments (8) LTD holds fixed and floating charge and a negative pledge dated 29 January 2016 over Kin+IIK Capital Tower Limited on all monies, obligations , liabilities which may be due to Finance Wales Investments (8) LTD now and future Finance Wales Investments (8) LTD.
(Charge code 0967 5770 0001)
KIN + ILK CAPITAL TOWER LIMITED
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
20,000
41,727
61,727
At 31 December 2022
24,960
41,727
66,687
At 1 January 2022
9,000
25,868
34,868
Charge for the year
5,413
8,345
13,758
At 31 December 2022
14,413
34,213
48,626
At 31 December 2022
10,547
7,514
18,061
At 31 December 2021
11,000
15,859
26,859
Amounts falling due within one year
Amounts due from group undertakings etc.
30,898
35,992
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
3,500
3,642
Amounts owed to group undertakings and other participating interests
5,533
5,630
Taxes and social security
1,925
-
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 2 (2021: 2).
