IRIS Accounts Production v22.1.4.3 11400845 Board of Directors 1.7.21 30.6.22 30.6.22 false true false false true false Fair value model A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure114008452021-06-30114008452022-06-30114008452021-07-012022-06-30114008452020-06-30114008452020-07-012021-06-30114008452021-06-3011400845ns16:EnglandWales2021-07-012022-06-3011400845ns15:PoundSterling2021-07-012022-06-3011400845ns11:Director12021-07-012022-06-3011400845ns11:PrivateLimitedCompanyLtd2021-07-012022-06-3011400845ns11:SmallEntities2021-07-012022-06-3011400845ns11:AuditExempt-NoAccountantsReport2021-07-012022-06-3011400845ns11:SmallCompaniesRegimeForDirectorsReport2021-07-012022-06-3011400845ns11:SmallCompaniesRegimeForAccounts2021-07-012022-06-3011400845ns11:FullAccounts2021-07-012022-06-3011400845ns11:OrdinaryShareClass12021-07-012022-06-3011400845ns11:OrdinaryShareClass22021-07-012022-06-3011400845ns11:OrdinaryShareClass32021-07-012022-06-3011400845ns11:OrdinaryShareClass42021-07-012022-06-3011400845ns11:Director22021-07-012022-06-3011400845ns11:RegisteredOffice2021-07-012022-06-3011400845ns6:CurrentFinancialInstruments2022-06-3011400845ns6:CurrentFinancialInstruments2021-06-3011400845ns6:Non-currentFinancialInstruments2022-06-3011400845ns6:Non-currentFinancialInstruments2021-06-3011400845ns6:ShareCapital2022-06-3011400845ns6:ShareCapital2021-06-3011400845ns6:FurtherSpecificReserve3ComponentTotalEquity2022-06-3011400845ns6:FurtherSpecificReserve3ComponentTotalEquity2021-06-3011400845ns6:RetainedEarningsAccumulatedLosses2022-06-3011400845ns6:RetainedEarningsAccumulatedLosses2021-06-3011400845ns6:ComputerEquipment2021-07-012022-06-3011400845ns6:ComputerEquipment2021-06-3011400845ns6:ComputerEquipment2022-06-3011400845ns6:ComputerEquipment2021-06-3011400845ns6:CostValuationns6:UnlistedNon-exchangeTraded2021-06-3011400845ns6:UnlistedNon-exchangeTraded2022-06-3011400845ns6:UnlistedNon-exchangeTraded2021-06-3011400845ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-3011400845ns6:WithinOneYearns6:CurrentFinancialInstruments2021-06-3011400845ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-06-3011400845ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2021-06-3011400845ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-06-3011400845ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-06-3011400845ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-06-3011400845ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2021-06-3011400845ns6:DeferredTaxation2021-06-3011400845ns6:DeferredTaxation2022-06-3011400845ns11:OrdinaryShareClass12022-06-3011400845ns11:OrdinaryShareClass22022-06-3011400845ns11:OrdinaryShareClass32022-06-3011400845ns11:OrdinaryShareClass42022-06-3011400845ns6:RetainedEarningsAccumulatedLosses2021-06-3011400845ns6:FurtherSpecificReserve3ComponentTotalEquity2021-06-3011400845ns6:RetainedEarningsAccumulatedLosses2021-07-012022-06-30
REGISTERED NUMBER: 11400845 (England and Wales)











Financial Statements

for the Year Ended 30 June 2022

for

KCIS LONDON LTD

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 5


KCIS LONDON LTD

Company Information
for the Year Ended 30 June 2022







DIRECTORS: Mrs K Clements
Mr D Clements





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11400845 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 728 978
Investments 5 1 1
Investment property 6 990,107 990,107
990,836 991,086

CURRENT ASSETS
Debtors 7 1,471 8,456
Cash at bank 126,844 36,613
128,315 45,069
CREDITORS
Amounts falling due within one year 8 194,538 186,313
NET CURRENT LIABILITIES (66,223 ) (141,244 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

924,613

849,842

CREDITORS
Amounts falling due after more than
one year

9

(774,092

)

(781,773

)

PROVISIONS FOR LIABILITIES 11 (4,358 ) (4,358 )
NET ASSETS 146,163 63,711

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Balance Sheet - continued
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 102 102
Non-distributable reserves 13 17,786 17,786
Retained earnings 13 128,275 45,823
SHAREHOLDERS' FUNDS 146,163 63,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income Statement has not been delivered.

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Balance Sheet - continued
30 June 2022



The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2022 and were signed on its behalf by:





Mr D Clements - Director


KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

KCIS London Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipmen
£   
COST
At 1 July 2021
and 30 June 2022 1,249
DEPRECIATION
At 1 July 2021 271
Charge for year 250
At 30 June 2022 521
NET BOOK VALUE
At 30 June 2022 728
At 30 June 2021 978

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

5. FIXED ASSET INVESTMENTS
Unlisted
investme
£   
COST
At 1 July 2021
and 30 June 2022 1
NET BOOK VALUE
At 30 June 2022 1
At 30 June 2021 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2021
and 30 June 2022 990,107
NET BOOK VALUE
At 30 June 2022 990,107
At 30 June 2021 990,107

Fair value at 30 June 2022 is represented by:
£   
Valuation in 2019 10,271
Valuation in 2020 11,687
Cost 968,149
990,107

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors - 4,584
Tax - 3,258
Prepayments and accrued income 1,471 614
1,471 8,456

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Bank loans and overdrafts (see note 10)
8,090

8,300
Trade creditors - 435
Tax 3,080 -
Social security and other taxes 12,000 12,000
VAT - 4,098
Directors' current accounts 147,743 145,980
Accrued expenses 23,625 15,500
194,538 186,313

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.22 30.6.21
£    £   
Bank loans (see note 10) 74,092 81,773
Directors' loan accounts 700,000 700,000
774,092 781,773

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 48,573 48,573

10. LOANS

An analysis of the maturity of loans is given below:

30.6.22 30.6.21
£    £   
Amounts falling due within one year or on demand:
Bank loans 8,090 8,300

Amounts falling due between one and two years:
Bank loans - 1-2 years 8,295 8,300

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

10. LOANS - continued
30.6.22 30.6.21
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 17,224 24,900

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 48,573 48,573

11. PROVISIONS FOR LIABILITIES
30.6.22 30.6.21
£    £   
Deferred tax 4,358 4,358

Deferred
tax
£   
Balance at 1 July 2021 4,358
Balance at 30 June 2022 4,358

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.22 30.6.21
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
102 102

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

13. RESERVES
Retained Non-distributable
earnings reserves Totals
£    £    £   

At 1 July 2021 45,823 17,786 63,609
Profit for the year 95,252 95,252
Dividends (12,800 ) (12,800 )
At 30 June 2022 128,275 17,786 146,061

14. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £147,743 (2021: £145,980) due and payable to the directors. The amount is interest free and repayable on demand.

As at the balance sheet date, included in creditors due within more than one year is £700,000 (2021: £700,000) due and payable to the directors. During the period, interest was charged at 8%.