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REGISTERED NUMBER: 09293215 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

KKMC SERVICES LIMITED

KKMC SERVICES LIMITED (REGISTERED NUMBER: 09293215)






Contents of the Financial Statements
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KKMC SERVICES LIMITED

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mrs M A Christophorou
Mr K Karagiannidis





REGISTERED OFFICE: 17 Mountside
Guildford
GU2 4JD





REGISTERED NUMBER: 09293215 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

KKMC SERVICES LIMITED (REGISTERED NUMBER: 09293215)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 235,619 235,619

CURRENT ASSETS
Debtors 5 900 1,600
Cash at bank 2,689 5,447
3,589 7,047
CREDITORS
Amounts falling due within one year 6 12,639 12,516
NET CURRENT LIABILITIES (9,050 ) (5,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,569

230,150

CREDITORS
Amounts falling due after more than one
year

7

105,252

114,882
NET ASSETS 121,317 115,268

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 121,217 115,168
SHAREHOLDERS' FUNDS 121,317 115,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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.

KKMC SERVICES LIMITED (REGISTERED NUMBER: 09293215)

Balance Sheet - continued
30th November 2023


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 7th August 2024 and were signed on its behalf by:




Mrs M A Christophorou - Director



Mr K Karagiannidis - Director


KKMC SERVICES LIMITED (REGISTERED NUMBER: 09293215)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

KKMC Services 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.

Revenue recognition
Revenue represents the value of net rents receivable for the total period of property occupation.

Investment property
Investment property is property held to earn rentals. It is initially measured at acquisition cost, including transaction costs. Subsequently it is measured at fair value on an open market basis. Deferred tax is provided on these movements. Gains and losses arising from changes in fair value are included in the Statement of Income and Retained Earnings in which they arise.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 235,619
NET BOOK VALUE
At 30th November 2023 235,619
At 30th November 2022 235,619

KKMC SERVICES LIMITED (REGISTERED NUMBER: 09293215)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. INVESTMENT PROPERTY - continued

No significant change in the valuation of the property has occurred in the year ended 30th November 2022 .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 900 1,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts (see note 8) 10,320 9,556
Tax 1,419 2,030
Accrued expenses 900 930
12,639 12,516

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans (see note 8) 63,752 74,882
Directors Loan Account 41,500 40,000
105,252 114,882

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 22,252 34,382

8. LOANS

An analysis of the maturity of loans is given below:

30.11.23 30.11.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,320 9,556

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 9,500

Amounts falling due between two and five years:
Bank loans - 2-5 years 31,500 31,000

Amounts falling due in more than five years:

KKMC SERVICES LIMITED (REGISTERED NUMBER: 09293215)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

8. LOANS - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 22,252 34,382

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 74,072 84,438

The company's bank borrowings are secured by a first legal charge over the company's assets, dated 4th October 2019.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

As at 30th November 2023, the company owed to its directors £41.500 (2022 - £40,000). No interest has been charged to the company in respect of this loan and there is no formal repayment date for this loan.

12. ULTIMATE CONTROLLING PARTY

Throughout the current and previous year, Mr K Karagiannidis and Mrs M Christophorou have controlled the company by virtue of their holding 100% of the issued ordinary share capital.