Kayu Limited
Kayu Limited
Registered number: 03957060
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Greenways Partnership
23 Tomline Road
Felixstowe
Suffolk
IP11 7QW
Kayu Limited
Contents
Contents
| Page | |
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| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—4 |
Kayu Limited
Balance Sheet
As At
31 March 2024
Balance Sheet
Registered number:
03957060
For the year ending 31 March 2024 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
| 2024 | 2023 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 4 |
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| CURRENT ASSETS | |||||
| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 5 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 6 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 41,675 | 41,090 | |||
Kayu Limited
Balance Sheet (continued)
As At
31 March 2024
On behalf of the board
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Director
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The notes on pages 3 to 4 form part of these financial statements.
Kayu Limited
Notes to the Financial Statements
For The Year Ended 31 March 2024
Notes to the Financial Statements
1.
General Information
Kayu Limited
Registered number
03957060
is a limited by shares company incorporated in England & Wales. The Registered Office is Fleet Cottage, The Ferry, Felixstowe, Suffolk, IP11 9RZ.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
2.2.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Freehold |
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2.3.
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3.
Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
4.
Tangible Assets
| Land & Property | |
|---|---|
| Freehold | |
| £ | |
| Cost | |
| As at 1 April 2023 |
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| As at 31 March 2024 |
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| Net Book Value | |
| As at 31 March 2024 |
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| As at 1 April 2023 |
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5.
Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Directors' loan accounts |
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6.
Creditors: Amounts Falling Due After More Than One Year
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans |
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On 4th January 2019 the company took out a mortgage with Foundation Home Loans secured on the fixed asset of the company. The sum extended was £51,000.00 for a term of 25 years on interest only terms. The loan was secured on normal commercial terms. On 1st February 2024 the company partially redeemed the mortgage to the sum of £25,000.00. All other terms of the loan remain as previously agreed.
Kayu Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2024
8.
Directors Advances, Credits and Guarantees
Dividends paid to directors
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Mr Barry Owen-Smith | 1,500 | 4,000 |
| Mrs Susan Owen-Smith | 1,500 | 4,000 |
9.
Dividends
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Final dividend paid |
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10.
Ultimate Controlling Party
The company's ultimate controlling party are the company directors by virtue of their ownership of 100% of the issued share capital in the company.