Kandoo Capital Limited - Accounts to registrar - small 17.2

Kandoo Capital Limited - Accounts to registrar - small 17.2

KANDOO CAPITAL LIMITED - Company Information

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REGISTERED NUMBER: 07313507 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

KANDOO CAPITAL LIMITED

KANDOO CAPITAL LIMITED (REGISTERED NUMBER: 07313507)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KANDOO CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: R R Shah MSc FRICS
N Thanki





REGISTERED OFFICE: 55A Welbeck Street
London
W1G 9XQ





REGISTERED NUMBER: 07313507 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
9 Mansfield Street
London
W1G 9NY
Page 1
KANDOO CAPITAL LIMITED (REGISTERED NUMBER: 07313507)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,330,195 2,330,195

CURRENT ASSETS
Debtors 5 550,187 193,307
Prepayments and accrued income 18,898 -
Cash at bank 42,726 2,098
611,811 195,405
CREDITORS
Amounts falling due within one year 6 3,384,104 2,526,181
NET CURRENT LIABILITIES (2,772,293 ) (2,330,776 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(442,098
)
(581
)

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings (442,998 ) (1,481 )
SHAREHOLDERS' FUNDS (442,098 ) (581 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 22 August 2017 and were signed on its
behalf by:





R R Shah MSc FRICS - Director


The notes form part of these financial statements

Page 2
KANDOO CAPITAL LIMITED (REGISTERED NUMBER: 07313507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Kandoo Capital 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS
The financial statements contain information about Kandoo Capital Limited as an individual company
and do not contain consolidated financial information as the parent of a group. The company has taken
the option under Section 398 of the Companies Act 2006 not to prepare consolidated financial
statements.

INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES
Investments in subsidiary and associate undertakings are recognised at cost.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

FIXED ASSET INVESTMENTS
Investments held as fixed assets are stated at cost less any provisions for impairment. Investments
are reviewed for impairment if events or changes in circumstances indicate that the carrying amount
may not be recoverable. Impairments are calculated such that the carrying value of the fixed asset
investment is the lower of its cost or recoverable amount. Recoverable amount is the higher of its net
realisable value and its value-in-use.

GOING CONCERN
At the balance sheet date, the company had net liabilities of £442,098 (2015 - £581). The validity of
the going concern concept is dependent on the continued support of the shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

Page 3 continued...
KANDOO CAPITAL LIMITED (REGISTERED NUMBER: 07313507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


4. FIXED ASSET INVESTMENTS
Shares in Interest
group in
undertakings associate Totals
£    £    £   
COST
At 1 January 2016
and 31 December 2016 2,330,135 60 2,330,195
NET BOOK VALUE
At 31 December 2016 2,330,135 60 2,330,195
At 31 December 2015 2,330,135 60 2,330,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Amounts owed by group undertakings 361,684 52,505
Amounts owed by participating interests - 140,000
Other debtors 188,503 802
550,187 193,307

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Amounts owed to group undertakings 3,186,615 1,650,367
Other creditors 197,489 875,814
3,384,104 2,526,181

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £3,186,615 to its subsidiary undertaking, Nipsea
Complex One ApS, (2015 - £52,505 owed by the subsidiary company).

At the balance sheet date the company was owed £361,685 by its parent undertaking, Ladoo Holdings
Limited, (2015 - £1,650,366 owed to the parent company).

During the year, the company paid rent and service charge of £1,000 (2015 - £1,000) to Marylebone
Properties Overseas Limited, a company in which Mr R Shah is also a director.

During the year, a loan of £140,000 to Densea Investments Limited was written off as irrecoverable.

8. ULTIMATE CONTROLLING PARTY

In the opinion of the directors there is no ultimate controlling party.

Page 4 continued...
KANDOO CAPITAL LIMITED (REGISTERED NUMBER: 07313507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


9. FIRST YEAR ADOPTION

These are the first financial statements that comply with Section 1A of FRS 102. The company
transitioned to FRS 102 on 1 January 2015.

Reconciliation of equity
No transitional adjustments were required.

Reconciliation of profit or loss for the year
No transitional adjustments were required.

The company has adopted FRS 102 for the year ended 31 December 2016 for the first time. No
restatement of prior year profit under UK GAAP, nor restatement of equity under UK GAAP was
required.


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