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REGISTERED NUMBER: 04205389 (England and Wales)















KOUNNIS AND PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KOUNNIS AND PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr D K Kounnis
Mr A M Kounnis
Mr A Y Kounnis





SECRETARY: Mr A Y Kounnis





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 04205389 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 43,951 52,656
43,951 52,656

CURRENT ASSETS
Debtors 6 528,389 573,357
Cash at bank and in hand 622,739 537,050
1,151,128 1,110,407
CREDITORS
Amounts falling due within one year 7 375,111 380,806
NET CURRENT ASSETS 776,017 729,601
TOTAL ASSETS LESS CURRENT
LIABILITIES

819,968

782,257

PROVISIONS FOR LIABILITIES - 9,509
NET ASSETS 819,968 772,748

CAPITAL AND RESERVES
Called up share capital 50,007 50,007
Retained earnings 769,961 722,741
SHAREHOLDERS' FUNDS 819,968 772,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:




Mr D K Kounnis - Director



Mr A M Kounnis - Director


KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Kounnis And Partners Limited 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 represents the fair value of consideration received or receivable from clients for services, net of discounts, VAT and other sales-related taxes.

Turnover is recognised as follows.

Provision of Fees receivable and commission receivable and net trading income are recognised in the accounting period in which the services are provided. This recognition is made by reference to when there is a right to consideration from the extent of the performance of contractual obligations and the agreed level of fees for the services. Where fees and commissions receivable are recognised in advance of the client being billed they are included as amounts recoverable on contracts. Provision is made for all foreseeable future losses. Where fees paid on account exceed the value of work performed, they are included in debtors: amounts falling due within one year as 'trade debtors'. Fees and commissions receivable and net trading income in respect of contingent fee arrangements (over and above any agreed minimum fee) are only recognised when the contingent events occur and collectability of the fees is assured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of practices, are being written off evenly over their estimated useful lives.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

Leasehold property and improvements- over the period of the leases
Fixtures and fittings- 10% on cost
Computer equipment- 25% on cost

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.


KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


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.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,946,851
AMORTISATION
At 1 April 2023
and 31 March 2024 1,946,851
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Leasehold
property Fixtures
and and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 243,696 369,672 133,011 746,379
DEPRECIATION
At 1 April 2023 191,040 369,672 133,011 693,723
Charge for year 8,705 - - 8,705
At 31 March 2024 199,745 369,672 133,011 702,428
NET BOOK VALUE
At 31 March 2024 43,951 - - 43,951
At 31 March 2023 52,656 - - 52,656

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 422,058 468,546
Other debtors 106,331 104,811
528,389 573,357

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 45,208 43,694
Taxation and social security 166,806 154,204
Other creditors 163,097 182,908
375,111 380,806

8. ULTIMATE CONTROLLING PARTY

Due to the share structure, there is no overall control by any one party.