Kaelo London Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 11615539 (England and Wales)

Kaelo London Limited

Unaudited Financial Statements

for the Year Ended 31 December 2022

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Mr K Jabou

Mr R E S Walsh

Mr D J Yearsley

Mr T S Kong

SECRETARY:

Stronachs Secretaries Limited

REGISTERED OFFICE:

3 Bath Place

Rivington Street

London

EC2A 3DR

REGISTERED NUMBER:

11615539 (England and Wales)

ACCOUNTANTS:

Grenfell James Associates Limited

13 The Courtyard

Timothys Bridge Road

Stratford Upon Avon

Warwickshire

CV37 9NP

CURRENT ASSETS

Debtors

4

208,014

201,469

Cash at bank

2,769

53,132

210,783

254,601

CREDITORS

Amounts falling due within one year

5

7,255

16,339

NET CURRENT ASSETS

203,528

238,262

TOTAL ASSETS LESS CURRENT LIABILITIES

203,528

238,262

CREDITORS

Amounts falling due after more than one year

6

211,215

245,610

NET LIABILITIES

(7,687

)

(7,348

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(7,688

)

(7,349

)

(7,687

)

(7,348

)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:

Mr D J Yearsley - Director

1.	STATUTORY INFORMATION

Kaelo London 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 Statement of Income and Retained Earnings, 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.

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.

Going concern

The director of the company has confirmed that sufficient financial support will be provided to enable this

company to continue its operations for a period of not less than 12 months from the date the balances is signed and accordingly the financial statements are prepared on a going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.

DEBTORS

2022

2021

£

£

Amounts falling due within one year:

Trade debtors

-

16,359

Other debtors

1,803

1,724

1,803

18,083

Amounts falling due after more than one year:

Amounts owed by group undertakings

206,211

183,386

Aggregate amounts

208,014

201,469

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

5,815

5,483

Other creditors

1,440

10,856

7,255

16,339

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

36,203

42,098

Amounts owed to group undertakings

175,012

203,512

211,215

245,610

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

11,432

18,788