Company Registration No. 11834168 (England and Wales)
KUNA FINTECH LIMITED
Unaudited accounts
for the period from 19 February 2019 to 28 February 2020
KUNA FINTECH LIMITED
Unaudited accounts
Contents
KUNA FINTECH LIMITED
Company Information
for the period from 19 February 2019 to 28 February 2020
Director
CHOBANIAN Mykhailo
Company Number
11834168 (England and Wales)
Registered Office
7 BELL YARD
LONDON
WC2A 2JR
ENGLAND
KUNA FINTECH LIMITED
Statement of financial position
as at
28 February 2020
Cash at bank and in hand
1,770
Creditors: amounts falling due within one year
(879)
Called up share capital
10,000
Profit and loss account
(3,029)
Shareholders' funds
6,971
For the period ending 28 February 2020 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 15 December 2020 and were signed on its behalf by
CHOBANIAN Mykhailo
Director
Company Registration No. 11834168
KUNA FINTECH LIMITED
Notes to the Accounts
for the period from 19 February 2019 to 28 February 2020
KUNA FINTECH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11834168. The registered office is 7 BELL YARD, LONDON, WC2A 2JR, ENGLAND.
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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.
These financial statements for the period from 19 February 2019 to 28 February 2020 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 19 February 2019.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation is provided on straight line basis over period of 5 or 10 years according to the class of the assets.
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Intangible fixed assets
Other
At 28 February 2020
7,099
Charge for the period
1,019
At 28 February 2020
1,019
At 28 February 2020
6,080
KUNA FINTECH LIMITED
Notes to the Accounts
for the period from 19 February 2019 to 28 February 2020
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Creditors: amounts falling due within one year
2020
Loans from directors
(5,821)
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
Shares issued during the period:
10,000 Ordinary shares of £1 each
10,000
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Average number of employees
During the period the average number of employees was 0.