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Company Registration No. 12413687 (England and Wales)
KGN INVESTING LIMITED Unaudited accounts for the year ended 31 December 2023
KGN INVESTING LIMITED Unaudited accounts Contents
Page
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KGN INVESTING LIMITED Company Information for the year ended 31 December 2023
Director
Grant Hutchby
Company Number
12413687 (England and Wales)
Registered Office
Copper House 150 Neath Road Landore Swansea Abertawe SA1 2BD Wales
Accountants
JSM Partners Brightfield Business Hub Bakewell Road Peterborough Cambridgeshire PE2 6XU
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KGN INVESTING LIMITED Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
162,050 
- 
Current assets
Debtors
19,684 
23,146 
Cash at bank and in hand
1,783 
4,342 
21,467 
27,488 
Creditors: amounts falling due within one year
(55,595)
(9,211)
Net current (liabilities)/assets
(34,128)
18,277 
Total assets less current liabilities
127,922 
18,277 
Creditors: amounts falling due after more than one year
(136,206)
(17,672)
Net (liabilities)/assets
(8,284)
605 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(8,288)
601 
Shareholders' funds
(8,284)
605 
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 October 2024 and were signed on its behalf by
Grant Hutchby Director Company Registration No. 12413687
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KGN INVESTING LIMITED Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
KGN INVESTING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12413687. The registered office is Copper House 150 Neath Road, Landore, Swansea, Abertawe, SA1 2BD, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 January 2023
- 
Additions
162,050 
At 31 December 2023
162,050 
Depreciation
At 31 December 2023
- 
Net book value
At 31 December 2023
162,050 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
19,684 
23,146 
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KGN INVESTING LIMITED Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,090 
3,038 
Other creditors
- 
60 
Loans from directors
54,505 
6,113 
55,595 
9,211 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
136,206 
17,672 
8
Loans to directors
During the year loans totalling £54,505 were received from the directors. These remain outstanding at the year end and are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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