Company Registration No. 08573395 (England and Wales)
KTP INVESTMENTS LIMITED
Unaudited accounts
for the year ended 30 June 2023
KTP INVESTMENTS LIMITED
Unaudited accounts
Contents
KTP INVESTMENTS LIMITED
Company Information
for the year ended 30 June 2023
Directors
Magdalena Taylor
Tara Taylor
Company Number
08573395 (England and Wales)
Registered Office
48 Beechcroft Road
Bushey
Herts
WD23 2JU
Accountants
Fielding Accountancy Services Ltd
48 Beechcroft Road
Bushey
Herts
WD23 2JU
KTP INVESTMENTS LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
1,758
1,952
Investment property
729,021
729,021
Cash at bank and in hand
96,204
89,170
Creditors: amounts falling due within one year
(820,412)
(815,293)
Net current liabilities
(724,008)
(725,923)
Called up share capital
100
100
Profit and loss account
6,671
4,950
Shareholders' funds
6,771
5,050
For the year ending 30 June 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 29 December 2023 and were signed on its behalf by
Tara Taylor
Director
Company Registration No. 08573395
KTP INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
KTP INVESTMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08573395. The registered office is 48 Beechcroft Road, Bushey, Herts, WD23 2JU.
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.
Turnover comprises rental income from the investment property.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
10% Reducing Balance
Computer equipment
10% Reducing Balance
Investment property is included at cost plus improvements. The Directors consider that this remains at a Fair market Value for this property.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
KTP INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
450
3,299
3,749
At 30 June 2023
450
3,299
3,749
At 1 July 2022
314
1,483
1,797
Charge for the year
13
181
194
At 30 June 2023
327
1,664
1,991
At 30 June 2023
123
1,635
1,758
At 30 June 2022
136
1,816
1,952
Fair value at 1 July 2022
729,021
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
449
757
Other creditors
375,371
375,371
Loans from directors
444,592
439,165
Allotted, called up and fully paid:
50 'A' Ordinary Shares of £1 each
50
50
50 'B' Ordinary Shares of £1 each
50
50
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).