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REGISTERED NUMBER: 12189027 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

4 DECEMBER 2022 TO 2 DECEMBER 2023

FOR

KB 100 LTD

KB 100 LTD (REGISTERED NUMBER: 12189027)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 DECEMBER 2022 TO 2 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KB 100 LTD

COMPANY INFORMATION
FOR THE PERIOD 4 DECEMBER 2022 TO 2 DECEMBER 2023







DIRECTORS: L Hibberd
B J Hibberd
S Wilkinson
S Jha



SECRETARY: W J Worwood



REGISTERED OFFICE: Abbey View Nursery
Galley Hill Road
Waltham Abbey
Essex
EN9 2AG



REGISTERED NUMBER: 12189027 (England and Wales)



SENIOR STATUTORY AUDITOR: Martin Jones FCA



AUDITORS: Kingly Jones LLP
Chartered Accountants
Statutory Auditor
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

KB 100 LTD (REGISTERED NUMBER: 12189027)

BALANCE SHEET
2 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 686,594 841,774

CURRENT ASSETS
Stocks 28,549 34,215
Debtors 5 2,231,263 456,716
Cash at bank and in hand 89,030 209,607
2,348,842 700,538
CREDITORS
Amounts falling due within one year 6 4,716,064 2,872,968
NET CURRENT LIABILITIES (2,367,222 ) (2,172,430 )
TOTAL ASSETS LESS CURRENT LIABILITIES (1,680,628 ) (1,330,656 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,680,728 ) (1,330,756 )
(1,680,628 ) (1,330,656 )

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:





B J Hibberd - Director


KB 100 LTD (REGISTERED NUMBER: 12189027)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 DECEMBER 2022 TO 2 DECEMBER 2023

1. STATUTORY INFORMATION

KB 100 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.

Going concern

During the year the Company reported a loss of £349,972 and had net current liabilities of £2,367,222

The directors have prepared the accounts on a going concern basis as they believe they have the continued financial support of Abbey View Produce Limited.. There are no adjustments in these financial statements if this was not the case.

On this basis the directors are satisfied that it is appropriate for the Financial Statements to be drawn up on the going concern basis.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 has been provided at the following annual rates in order to write off each asset over its estimated useful life:

Land and buildings - Over the term of the lease of 20 years
Plant and machinery etc - Between 10% and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KB 100 LTD (REGISTERED NUMBER: 12189027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 DECEMBER 2022 TO 2 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

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 period was 15 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 4 December 2022 318,390 937,818 1,256,208
Additions - 89,125 89,125
At 2 December 2023 318,390 1,026,943 1,345,333
DEPRECIATION
At 4 December 2022 50,412 364,022 414,434
Charge for period 15,920 228,385 244,305
At 2 December 2023 66,332 592,407 658,739
NET BOOK VALUE
At 2 December 2023 252,058 434,536 686,594
At 3 December 2022 267,978 573,796 841,774

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 88,841 203,752
Other debtors 1,384,665 252,964
1,473,506 456,716

Amounts falling due after more than one year:
Other debtors 757,757 -

Aggregate amounts 2,231,263 456,716

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 961,952 282,045
Amounts owed to group undertakings 1,106,044 169,432
Taxation and social security 15,811 13,979
Other creditors 2,632,257 2,407,512
4,716,064 2,872,968

KB 100 LTD (REGISTERED NUMBER: 12189027)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 DECEMBER 2022 TO 2 DECEMBER 2023

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 1,245,485 1,277,120

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Martin Jones FCA (Senior Statutory Auditor)
for and on behalf of Kingly Jones LLP

9. OTHER FINANCIAL COMMITMENTS

The company leases it's premises. The current lease agreement expires 31 March 2041. The Total commitment for the lease can't be calculate as it is based on a formula which included the Consumer Price all items index.The annual base rent on which the calculation is based is £1,245,485. The rent will also increase for additions to the premises.

The company has committed to a contract which expires 31 March 2041 for heating supplies based on a gas price and usage formula. The calculation for 1 January 2023 to 31 December 2023 was £1,027,381.

10. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Abbey View Produce Limited, a company incorporated in England and Wales. Its registered address is Abbey View Nursery, Galley Hill Road, Waltham Abbey, Essex, EN9 2AG. The ultimate controlling party is the Director B Hibberd due to his controlling shareholding in Abbey View Produce Limited.