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REGISTERED NUMBER: 09358408 (England and Wales)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

KTS GLOBAL LIMITED

KTS GLOBAL LIMITED (REGISTERED NUMBER: 09358408)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Abridged Statement of Financial Position 1

Notes to the Financial Statements 3


KTS GLOBAL LIMITED (REGISTERED NUMBER: 09358408)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 12,731,935 14,402,534
Investment property 5 10,711,123 8,723,359
23,443,058 23,125,893

CURRENT ASSETS
Debtors 902,275 1,133,216
Cash at bank 234,728 2,334,383
1,137,003 3,467,599
CREDITORS
Amounts falling due within one year 6,865,064 7,443,178
NET CURRENT LIABILITIES (5,728,061 ) (3,975,579 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,714,997

19,150,314

CREDITORS
Amounts falling due after more than one
year

6

(2,642,901

)

(2,699,076

)

PROVISIONS FOR LIABILITIES (22,847 ) (22,847 )
NET ASSETS 15,049,249 16,428,391

CAPITAL AND RESERVES
Called up share capital 8 21,696 21,696
Share premium 15,762,655 15,762,655
Retained earnings (735,102 ) 644,040
SHAREHOLDERS' FUNDS 15,049,249 16,428,391

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

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

KTS GLOBAL LIMITED (REGISTERED NUMBER: 09358408)

ABRIDGED STATEMENT OF FINANCIAL POSITION - continued
31ST DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31st December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 19th September 2024 and were signed on its behalf by:




T Sharif - Director



S D Sharif - Director


KTS GLOBAL LIMITED (REGISTERED NUMBER: 09358408)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

KTS Global Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09358408

Registered office: Unit F4 Bluegate Park
Hubert Road
Brentwood
Essex
CM14 4JE

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.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

KTS GLOBAL LIMITED (REGISTERED NUMBER: 09358408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st January 2023 14,402,534
Additions 72,035
Impairments (1,742,634 )
At 31st December 2023 12,731,935
NET BOOK VALUE
At 31st December 2023 12,731,935
At 31st December 2022 14,402,534

On 31 December 2022, the company acquired the entire share capital of the following companies

KTS Global (Legacy) Limited and KTS Estates Limited. 20,217 and 879 new shares were issued respectively on the said acquisition as consideration.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 8,723,359
Additions 1,987,764
At 31st December 2023 10,711,123
NET BOOK VALUE
At 31st December 2023 10,711,123
At 31st December 2022 8,723,359

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2017 351,876
Cost 10,359,247
10,711,123

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 2,523,861 2,580,036

7. SECURED DEBTS

Bank Loan is secured by first legal charge dated 4 February 2022 over various freehold properties owned by the company.

KTS GLOBAL LIMITED (REGISTERED NUMBER: 09358408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
21,696 Ordinary 1 21,696 21,696

9. RELATED PARTY DISCLOSURES

The company was controlled throughout the current and previous years by the directors and Sharif family members by virtue of their ownership of the entire issued share capital.

At the balance sheet date the company owed £6,619,707 (2022 £5,503,379) to various associated companies controlled by the directors.