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
KGN INVESTING LIMITED
Company Information
for the year ended 31 December 2023
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
KGN INVESTING LIMITED
Statement of financial position
as at 31 December 2023
Cash at bank and in hand
1,783
4,342
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
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
KGN INVESTING LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 December 2023
162,050
At 31 December 2023
162,050
Amounts falling due within one year
Other debtors
19,684
23,146
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
Loans from directors
54,505
6,113
7
Creditors: amounts falling due after more than one year
2023
2022
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).