Kin Basketball Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 13427713 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2022

for

KIN BASKETBALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr Timucin Kaan

Mr Simon Jason Oliveira

Mr Onur Yegenoglu

Mr Resul Egemen Onen

REGISTERED OFFICE:

Soho Works White City

2 Television Centre

101 Wood Ln

London

W12 7FA

REGISTERED NUMBER:

13427713 (England and Wales)

ACCOUNTANTS:

ADPL LLP

Chartered Certified Accountants

& Business Advisers

Ernest House

293 Green Lanes

Palmers Green

London

N13 4XS

CURRENT ASSETS

Debtors

4

51,982

100

Cash at bank

14,362

-

66,344

100

CREDITORS

Amounts falling due within one year

5

268,636

12,124

NET CURRENT LIABILITIES

(202,292

)

(12,024

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(202,292

)

(12,024

)

CREDITORS

Amounts falling due after more than one year

6

104,290

-

NET LIABILITIES

(306,582

)

(12,024

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(306,682

)

(12,124

)

(306,582

)

(12,024

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 25 September 2023 and were signed on its behalf by:

Mr Timucin Kaan - Director

1.	STATUTORY INFORMATION

Kin Basketball Limited 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.

Turnover

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

Taxation

Taxation 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 in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade debtors

51,471

-

Other debtors

511

100

51,982

100

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Trade creditors

13,282

10,624

Amounts owed to group undertakings

247,761

-

Social security and other taxes

5,299

-

Pension

294

-

Accruals and deferred income

2,000

1,500

268,636

12,124

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.22

31.12.21

£

£

Other creditors

104,290

-

7.	RELATED PARTY DISCLOSURES

Included in amounts owed to group undertakings is payable of £247,761 owed to Kin Partners Ltd.