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REGISTERED NUMBER: 09186941 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KBS NO.2 LTD

KBS NO.2 LTD (REGISTERED NUMBER: 09186941)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KBS NO.2 LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: J Bray





SECRETARY:





REGISTERED OFFICE: 223 High Road
South Woodford
London
E18 2PB





REGISTERED NUMBER: 09186941 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

KBS NO.2 LTD (REGISTERED NUMBER: 09186941)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,929 407,653

CURRENT ASSETS
Debtors 5 22,197 6,389
Cash at bank and in hand 7,667 226
29,864 6,615
CREDITORS
Amounts falling due within one year 6 257,818 503,103
NET CURRENT LIABILITIES (227,954 ) (496,488 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(226,025

)

(88,835

)

CREDITORS
Amounts falling due after more than one
year

7

46,523

44,726
NET LIABILITIES (272,548 ) (133,561 )

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (272,551 ) (133,564 )
SHAREHOLDERS' FUNDS (272,548 ) (133,561 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KBS NO.2 LTD (REGISTERED NUMBER: 09186941)

BALANCE SHEET - continued
31 DECEMBER 2023


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.

The financial statements were approved by the director and authorised for issue on 8 February 2024 and were signed by:





J Bray - Director


KBS NO.2 LTD (REGISTERED NUMBER: 09186941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

KBS No.2 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 4 (2022 - 3 ) .

KBS NO.2 LTD (REGISTERED NUMBER: 09186941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2023 405,383 3,141 408,524
Disposals (405,383 ) - (405,383 )
At 31 December 2023 - 3,141 3,141
DEPRECIATION
At 1 January 2023 - 871 871
Charge for year - 341 341
At 31 December 2023 - 1,212 1,212
NET BOOK VALUE
At 31 December 2023 - 1,929 1,929
At 31 December 2022 405,383 2,270 407,653

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 22,197 6,389

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 7,347 1,162
Other creditors 250,471 501,941
257,818 503,103

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 46,523 44,726