Registered number
13663956
KS UK VENTURES LIMITED
FINANCIAL STATEMENTS FOR THE YEAR ENDED
31 OCTOBER 2023
DVL & CO ACCOUNTANTS
48 MELFORD ROAD
WALTHAMSTOW
LONDON E17 7EL
KS UK VENTURES LIMITED
Report and accounts
Contents
Page
Company information 1
Director's report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6 - 7
For directors informations only:
Detailed profit and loss accounts 8 - 9
Accountant report 10
KS UK VENTURES LIMITED
Company Information
Director
Mr K Sundaralingam
Secretary
Mr K Sundaralingam
Accountants
DVL & CO
48
Melford Road
London
United Kingdom
E17 7EL
Bankers
HSBC
1 Centenary Square
Birmingham
B1 1HQ
Registered office
48
Melford Road
London
E17 7EL
Registered number
13663956
KS UK VENTURES LIMITED
Registered number: 13663956
Director's Report
The director presents his report and accounts for the year ended 31 October 2023.
Principal activities
The company's principal activity during the year was renting own properies.
Directors
The following persons served as directors during the year:
Mr K Sundaralingam
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 25 July 2024 and signed by its order.
Mr K Sundaralingam
Director
Secretary
KS UK VENTURES LIMITED
Profit and Loss Account
for the year ended 31 October 2023
2023 2022
£ £
Turnover 19,101 10,200
Administrative expenses (8,173) (2,847)
Operating profit 10,928 7,353
Interest payable (8,543) (18,760)
Profit/(loss) before taxation 2,385 (11,407)
Tax on profit/(loss) - -
Profit/(loss) for the financial year 2,385 (11,407)
Continuing operations
None of the company's activities were acquired or discontinued during the above
Financial years.
Total recognised gains and losses
The company made recognised gains or losses other the profit/loss for the above
Financial years.
KS UK VENTURES LIMITED
Registered number: 13663956
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 374,180 368,653
Current assets
Cash at bank and in hand 2,639 416
Creditors: amounts falling due within one year 4 (178,941) (380,376)
Net current liabilities (176,302) (379,960)
Total assets less current liabilities 197,878 (11,307)
Creditors: amounts falling due after more than one year 5 (206,800) -
Net liabilities (8,922) (11,307)
Capital and reserves
Called up share capital 100 100
Profit and loss account (9,022) (11,407)
Shareholder's funds (8,922) (11,307)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K Sundaralingam
Director
Approved by the board on 25 July 2024
KS UK VENTURES LIMITED
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investment Properties
Other
investments
£
Cost
At 1 November 2022 368,653
Additions 5,527
At 31 October 2023 374,180
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 178,941 380,376
5 Creditors: amounts falling due after one year
Residential Mortgeage: 206,800 -
6 Loans
Residential Mortgeage:
Secured bank loans 206,800 -
A legal charge dated 14 November 2022 containing fixed and floating charges secures the assets of the company and a legal charge over the properties.
7 Other information
KS UK VENTURES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
48
Melford Road
London
E17 7EL
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