IRIS Accounts Production v24.1.0.578 02349266 director 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023492662022-12-31023492662023-12-31023492662023-01-012023-12-31023492662021-12-31023492662022-01-012022-12-31023492662022-12-3102349266ns15:EnglandWales2023-01-012023-12-3102349266ns14:PoundSterling2023-01-012023-12-3102349266ns10:Director12023-01-012023-12-3102349266ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102349266ns10:SmallEntities2023-01-012023-12-3102349266ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3102349266ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102349266ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102349266ns10:FullAccounts2023-01-012023-12-3102349266ns10:OrdinaryShareClass12023-01-012023-12-3102349266ns10:RegisteredOffice2023-01-012023-12-3102349266ns5:CurrentFinancialInstruments2023-12-3102349266ns5:CurrentFinancialInstruments2022-12-3102349266ns5:ShareCapital2023-12-3102349266ns5:ShareCapital2022-12-3102349266ns5:RetainedEarningsAccumulatedLosses2023-12-3102349266ns5:RetainedEarningsAccumulatedLosses2022-12-3102349266ns5:ShareCapital2021-12-3102349266ns5:RetainedEarningsAccumulatedLosses2021-12-3102349266ns5:RetainedEarningsAccumulatedLosses2022-01-012022-12-3102349266ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3102349266ns5:FurnitureFittings2022-12-3102349266ns5:FurnitureFittings2023-01-012023-12-3102349266ns5:FurnitureFittings2023-12-3102349266ns5:FurnitureFittings2022-12-3102349266ns5:AdditionsToInvestments2023-12-3102349266ns5:CostValuation2023-12-3102349266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102349266ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102349266ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 02349266 (England and Wales)















Report of the Director and

Financial Statements for the Year Ended 31 December 2023

for

Krogh & Partners Limited

Krogh & Partners Limited (Registered number: 02349266)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Director 2

Income Statement 3

Other Comprehensive Income 4

Balance Sheet 5

Statement of Changes in Equity 6

Notes to the Financial Statements 7


Krogh & Partners Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J Lindegaard





REGISTERED OFFICE: 823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ





REGISTERED NUMBER: 02349266 (England and Wales)

Krogh & Partners Limited (Registered number: 02349266)

Report of the Director
for the Year Ended 31 December 2023

The Directors present their report and financial statements for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the Company has been that of trading within audit, accountancy, tax advice and other related businesses.

The results for the year and the financial position at the year end, were considered satisfactory by the directors.

DIRECTOR
J Lindegaard held office during the whole of the period from 1 January 2023 to the date of this report.

RESULTS AND DIVIDENDS
The Company's profit for the year amounted to GBP 394,502. The total distribution of dividends for the year amounted to GBP 27,500.

POST BALANCE SHEET EVENTS
No post balance sheet events have occurred since 31 December 2023 which require reporting or disclosing in the accounts

AUDITORS
The directors have with reference to the exemptions in the Companies Act elected not to appoint auditors.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J Lindegaard - Director


8 April 2024

Krogh & Partners Limited (Registered number: 02349266)

Income Statement
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

TURNOVER 1,595,455 1,511,185

Cost of sales 880,706 900,791
GROSS PROFIT 714,749 610,394

Administrative expenses 245,953 239,550
OPERATING PROFIT 468,796 370,844

Interest receivable and similar income 50,971 22,783
PROFIT BEFORE TAXATION 519,767 393,627

Tax on profit 3 125,265 77,591
PROFIT FOR THE FINANCIAL YEAR 394,502 316,036

Krogh & Partners Limited (Registered number: 02349266)

Other Comprehensive Income
for the Year Ended 31 December 2023

2023 2022
Notes £    £   

PROFIT FOR THE YEAR 394,502 316,036


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

394,502

316,036

Krogh & Partners Limited (Registered number: 02349266)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,609 7,374
Investments 6 4,697 -
9,306 7,374

CURRENT ASSETS
Work In Progress 26,525 9,039
Debtors 7 91,240 34,143
Cash at bank 1,925,050 1,727,507
2,042,815 1,770,689
CREDITORS
Amounts falling due within one year 8 452,729 545,673
NET CURRENT ASSETS 1,590,086 1,225,016
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,599,392

1,232,390

CAPITAL AND RESERVES
Called up share capital 9 1,951 1,951
Retained earnings 1,597,441 1,230,439
SHAREHOLDERS' FUNDS 1,599,392 1,232,390

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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





J Lindegaard - Director


Krogh & Partners Limited (Registered number: 02349266)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 1,951 1,954,403 1,956,354

Changes in equity
Dividends - (1,040,000 ) (1,040,000 )
Total comprehensive income - 316,036 316,036
Balance at 31 December 2022 1,951 1,230,439 1,232,390

Changes in equity
Dividends - (27,500 ) (27,500 )
Total comprehensive income - 394,502 394,502
Balance at 31 December 2023 1,951 1,597,441 1,599,392

Krogh & Partners Limited (Registered number: 02349266)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. 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 derives from the principal activity of the Company and is represented by invoiced sales excluding Value Added Tax.

Tangible fixed assets
Tangible fixed assets are stated at cost.

Depreciation is provided on the straight-line method over the expected useful lives of the assets, as follows:

Fixtures, fittings and equipment 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Work in progress
Work in progress is stated at the lower of cost and net realisable value. Cost includes all direct expenditure. Net realisable value is the price at which stock can be realised in the normal course of business.

Foreign currencies
Transactions in foreign currencies are recorded using a fixed rate of exchange. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date. Gains or losses on translation are included in the profit and loss account.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

3. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 125,265 77,591
Tax on profit 125,265 77,591

4. DIVIDENDS

20232022
££
Dividends paid27,5001,040,000




Krogh & Partners Limited (Registered number: 02349266)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 23,443
DEPRECIATION
At 1 January 2023 16,069
Charge for year 2,765
At 31 December 2023 18,834
NET BOOK VALUE
At 31 December 2023 4,609
At 31 December 2022 7,374

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 4,697
At 31 December 2023 4,697
NET BOOK VALUE
At 31 December 2023 4,697

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 67,416 9,982
Other debtors 3,581 2,471
Prepaid costs 20,243 21,690
91,240 34,143

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 13,243 -
Corporation Tax 125,406 77,591
Prepayments 93,514 93,973
Other creditors 220,566 374,109
452,729 545,673

Krogh & Partners Limited (Registered number: 02349266)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,951 Ordinary 1 1,951 1,951