0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,138,441 1,138,441 1,138,441 xbrli:pure xbrli:shares iso4217:GBP 04959977 2023-01-01 2023-12-31 04959977 2023-12-31 04959977 2022-12-31 04959977 2022-01-01 2022-12-31 04959977 2022-12-31 04959977 2021-12-31 04959977 bus:Director1 2023-01-01 2023-12-31 04959977 core:WithinOneYear 2023-12-31 04959977 core:WithinOneYear 2022-12-31 04959977 core:ShareCapital 2023-12-31 04959977 core:ShareCapital 2022-12-31 04959977 core:CapitalRedemptionReserve 2023-12-31 04959977 core:CapitalRedemptionReserve 2022-12-31 04959977 core:RetainedEarningsAccumulatedLosses 2023-12-31 04959977 core:RetainedEarningsAccumulatedLosses 2022-12-31 04959977 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 04959977 core:Non-currentFinancialInstruments 2023-12-31 04959977 core:Non-currentFinancialInstruments 2022-12-31 04959977 bus:SmallEntities 2023-01-01 2023-12-31 04959977 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04959977 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04959977 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04959977 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 04959977
KDMG F.S Limited
Filleted Unaudited Financial Statements
31 December 2023
KDMG F.S Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Investments
4
1,138,441
1,138,441
Current assets
Debtors
5
332
85,754
Cash at bank and in hand
99
99
----
--------
431
85,853
Creditors: amounts falling due within one year
6
330
85,752
----
--------
Net current assets
101
101
------------
------------
Total assets less current liabilities
1,138,542
1,138,542
------------
------------
KDMG F.S Limited
Statement of Financial Position (continued)
31 December 2023
2023
2022
Note
£
£
£
Capital and reserves
Called up share capital
82
82
Capital redemption reserve
18
18
Profit and loss account
1,138,442
1,138,442
------------
------------
Shareholders funds
1,138,542
1,138,542
------------
------------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 January 2024 , and are signed on behalf of the board by:
Mr J H Green
Director
Company registration number: 04959977
KDMG F.S Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6A Harewood Yard, Harewood, Leeds, LS17 9LF.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being 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.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
1,138,441
------------
Impairment
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
1,138,441
------------
At 31 December 2022
1,138,441
------------
The company owns 100% of the issued share capital of SMG F.S Limited, a trading company incorporated in England and Wales.
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
332
85,754
----
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
330
85,752
----
--------
7. Related party transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS102.
8. Controlling party
The company is a subsidiary of Island Lane Limited, a company incorporated in England and Wales. The overall controlling party is Mr J Green through his shareholding in Island Lane Limited.