IRIS Accounts Production v24.1.9.2 11400845 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model A Ordinary 1.00000 B Ordinary 1.00000 C Ordinary 1.00000 D Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114008452023-06-30114008452024-06-30114008452023-07-012024-06-30114008452022-06-30114008452022-07-012023-06-30114008452023-06-3011400845ns15:EnglandWales2023-07-012024-06-3011400845ns14:PoundSterling2023-07-012024-06-3011400845ns10:Director12023-07-012024-06-3011400845ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011400845ns10:SmallEntities2023-07-012024-06-3011400845ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3011400845ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3011400845ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3011400845ns10:FullAccounts2023-07-012024-06-3011400845ns10:OrdinaryShareClass12023-07-012024-06-3011400845ns10:OrdinaryShareClass22023-07-012024-06-3011400845ns10:OrdinaryShareClass32023-07-012024-06-3011400845ns10:OrdinaryShareClass42023-07-012024-06-3011400845ns10:Director22023-07-012024-06-3011400845ns10:RegisteredOffice2023-07-012024-06-3011400845ns5:CurrentFinancialInstruments2024-06-3011400845ns5:CurrentFinancialInstruments2023-06-3011400845ns5:Non-currentFinancialInstruments2024-06-3011400845ns5:Non-currentFinancialInstruments2023-06-3011400845ns5:ComputerEquipment2023-07-012024-06-3011400845ns5:ComputerEquipment2023-06-3011400845ns5:ComputerEquipment2024-06-3011400845ns5:ComputerEquipment2023-06-3011400845ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-06-3011400845ns5:UnlistedNon-exchangeTraded2024-06-3011400845ns5:UnlistedNon-exchangeTraded2023-06-3011400845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3011400845ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3011400845ns5:DeferredTaxation2023-06-3011400845ns5:DeferredTaxation2023-07-012024-06-3011400845ns5:DeferredTaxation2024-06-3011400845ns10:OrdinaryShareClass12024-06-3011400845ns10:OrdinaryShareClass22024-06-3011400845ns10:OrdinaryShareClass32024-06-3011400845ns10:OrdinaryShareClass42024-06-3011400845ns5:FurtherSpecificReserve3ComponentTotalEquity2023-06-30
REGISTERED NUMBER: 11400845 (England and Wales)











Financial Statements

for the Year Ended 30 June 2024

for

KCIS LONDON LTD

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KCIS LONDON LTD

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs K Clements
Mr D Clements





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 11400845 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 287 479
Investments 5 1 1
Investment property 6 990,107 990,107
990,395 990,587

CURRENT ASSETS
Debtors 7 979 2,044
Cash at bank 99,085 93,147
100,064 95,191
CREDITORS
Amounts falling due within one year 8 173,281 185,504
NET CURRENT LIABILITIES (73,217 ) (90,313 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

917,178

900,274

CREDITORS
Amounts falling due after more than one year 9 (700,000 ) (700,000 )

PROVISIONS FOR LIABILITIES 10 (5,561 ) (5,609 )
NET ASSETS 211,617 194,665

CAPITAL AND RESERVES
Called up share capital 11 102 102
Non-distributable reserves 12 16,535 16,535
Retained earnings 194,980 178,028
SHAREHOLDERS' FUNDS 211,617 194,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

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.

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Balance Sheet - continued
30 June 2024



The financial statements were approved by the Board of Directors and authorised for issue on 2 August 2024 and were signed on its behalf by:





Mr D Clements - Director


KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

KCIS London Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on Cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Computer
equipmen
£   
COST
At 1 July 2023
and 30 June 2024 1,249
DEPRECIATION
At 1 July 2023 770
Charge for year 192
At 30 June 2024 962
NET BOOK VALUE
At 30 June 2024 287
At 30 June 2023 479

5. FIXED ASSET INVESTMENTS
Unlisted
investme
£   
COST
At 1 July 2023
and 30 June 2024 1
NET BOOK VALUE
At 30 June 2024 1
At 30 June 2023 1

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 990,107
NET BOOK VALUE
At 30 June 2024 990,107
At 30 June 2023 990,107

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2019 10,271
Valuation in 2020 11,687
Cost 968,149
990,107

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax - 1,115
Prepayments and accrued income 979 929
979 2,044

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Tax 8,270 -
Social security and other taxes 10,001 15,058
Directors' current accounts 140,710 149,896
Accrued expenses 14,300 20,550
173,281 185,504

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Directors' loan accounts 700,000 700,000

10. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 5,561 5,609

Deferred
tax
£   
Balance at 1 July 2023 5,609
Provided during year (48 )
Balance at 30 June 2024 5,561

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
1 C Ordinary £1 1 1
1 D Ordinary £1 1 1
102 102

KCIS LONDON LTD (REGISTERED NUMBER: 11400845)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

12. RESERVES
Non-distri
reserves
£   
At 1 July 2023
and 30 June 2024 16,535

13. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £140,710 (2023: £149,896) due and payable to the directors. The amount is interest free and repayable on demand.

As at the balance sheet date, included in creditors due within more than one year is £700,000 (2023: £700,000) due and payable to the directors. During the period, interest of £50,000 (2023: £75,000) was charged at 7.14%.