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REGISTERED NUMBER: 10571710 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

K & G PROPERTIES (WIRRAL) LIMITED

K & G PROPERTIES (WIRRAL) LIMITED (REGISTERED NUMBER: 10571710)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K & G PROPERTIES (WIRRAL) LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr G S Mcgreal
Mrs K A Mcgreal





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Court House Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 10571710 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

K & G PROPERTIES (WIRRAL) LIMITED (REGISTERED NUMBER: 10571710)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 213 319
Investment property 5 57,731 57,731
57,944 58,050

CURRENT ASSETS
Cash at bank 58,182 62,660

CREDITORS
Amounts falling due within one year 6 103,689 106,017
NET CURRENT LIABILITIES (45,507 ) (43,357 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,437

14,693

CREDITORS
Amounts falling due after more than one
year

7

19,454

24,098
NET LIABILITIES (7,017 ) (9,405 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (7,117 ) (9,505 )
SHAREHOLDERS' FUNDS (7,017 ) (9,405 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by:




Mr G S Mcgreal - Director



Mrs K A Mcgreal - Director


K & G PROPERTIES (WIRRAL) LIMITED (REGISTERED NUMBER: 10571710)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

K & G Properties (Wirral) 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
The financial statements have been prepared on the basis that the enterprise will continue in operational existence for the foreseeable future. This means in particular that the profit and loss account and balance sheet assume no intention nor necessity to liquidate or curtail significantly the scale of operation. Further, the financial statements have been prepared on the basis that continued support will be given by the company's directors.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 319
DEPRECIATION
Charge for year 106
At 31 January 2024 106
NET BOOK VALUE
At 31 January 2024 213
At 31 January 2023 319

K & G PROPERTIES (WIRRAL) LIMITED (REGISTERED NUMBER: 10571710)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 57,731
NET BOOK VALUE
At 31 January 2024 57,731
At 31 January 2023 57,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 10,000 10,000
Other creditors 93,689 96,017
103,689 106,017

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 19,454 24,098

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2023 (9,505 )
Profit for the year 2,388
At 31 January 2024 (7,117 )

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £93,689 (2023 - £94,817) jointly owed to the directors in relation to the directors loan account.

11. ULTIMATE CONTROLLING PARTY

In the opinion of the directors, there is no ultimate controlling party.