Company Registration No. 13693388 (England and Wales)
Kyei Residential Ltd
Unaudited accounts
for the year ended 31 October 2023
Kyei Residential Ltd
Statement of financial position
as at 31 October 2023
Investment property
135,733
-
Cash at bank and in hand
19,962
2
Creditors: amounts falling due within one year
(107,499)
-
Net current (liabilities)/assets
(87,537)
2
Total assets less current liabilities
48,196
2
Creditors: amounts falling due after more than one year
(99,499)
-
Net (liabilities)/assets
(51,303)
2
Called up share capital
2
2
Profit and loss account
(51,305)
-
Shareholders' funds
(51,303)
2
For the year ending 31 October 2023 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 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 of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by
Edward Kyei
Director
Company Registration No. 13693388
Kyei Residential Ltd
Notes to the Accounts
for the year ended 31 October 2023
Kyei Residential Ltd is a private company, limited by shares, registered in England and Wales, registration number 13693388. The registered office is Sopers House, Sopers Road, Cuffley, EN6 4RY.
2
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents rents receivable. Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
At 31 October 2023
135,733
In the opinion of the directors, the investment properties are valued in the financial statements at their open market value as at 31 October 2023.
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
106,299
-
Kyei Residential Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).