0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 60,600 60,600 xbrli:pure xbrli:shares iso4217:GBP 10811769 2023-07-01 2024-06-30 10811769 2024-06-30 10811769 2023-06-30 10811769 2022-07-01 2023-06-30 10811769 2023-06-30 10811769 2022-06-30 10811769 bus:Director1 2023-07-01 2024-06-30 10811769 core:WithinOneYear 2024-06-30 10811769 core:WithinOneYear 2023-06-30 10811769 core:ShareCapital 2024-06-30 10811769 core:ShareCapital 2023-06-30 10811769 core:RetainedEarningsAccumulatedLosses 2024-06-30 10811769 core:RetainedEarningsAccumulatedLosses 2023-06-30 10811769 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-30 10811769 bus:Director1 2023-06-30 10811769 bus:Director1 2024-06-30 10811769 bus:Director1 2022-06-30 10811769 bus:Director1 2023-06-30 10811769 bus:SmallEntities 2023-07-01 2024-06-30 10811769 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10811769 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10811769 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10811769 bus:FullAccounts 2023-07-01 2024-06-30 10811769 core:LandBuildings core:OwnedOrFreeholdAssets 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 10811769
KSPM Estates Limited
Filleted Unaudited Financial Statements
30 June 2024
KSPM Estates Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
60,600
Current assets
Stocks
74,743
100,866
Cash at bank and in hand
542
3,498
--------
---------
75,285
104,364
Creditors: amounts falling due within one year
5
139,326
106,951
---------
---------
Net current liabilities
64,041
2,587
--------
-------
Total assets less current liabilities
( 3,441)
( 2,587)
-------
-------
Net liabilities
( 3,441)
( 2,587)
-------
-------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 3,541)
( 2,687)
-------
-------
Shareholders deficit
( 3,441)
( 2,587)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KSPM Estates Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 17 July 2024 , and are signed on behalf of the board by:
Mr Patrick Keary
Director
Company registration number: 10811769
KSPM Estates Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Jubilee House, Townsend Lane, Kingsbury, London, NW9 8TZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Tangible assets
Freehold property
£
Cost
At 1 July 2023
Transfers
60,600
--------
At 30 June 2024
60,600
--------
Depreciation
At 1 July 2023 and 30 June 2024
--------
Carrying amount
At 30 June 2024
60,600
--------
At 30 June 2023
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,499
Other creditors
137,827
106,951
---------
---------
139,326
106,951
---------
---------
6. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr Patrick Keary
( 71,667)
( 22,250)
( 93,917)
--------
--------
--------
2023
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
Mr Patrick Keary
( 71,667)
( 71,667)
--------
----
--------