IRIS Accounts Production v24.2.0.383 11926874 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119268742023-09-30119268742024-09-30119268742023-10-012024-09-30119268742022-09-30119268742022-10-012023-09-30119268742023-09-3011926874ns14:PoundSterling2023-10-012024-09-3011926874ns10:Director12023-10-012024-09-3011926874ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3011926874ns10:SmallEntities2023-10-012024-09-3011926874ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3011926874ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3011926874ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3011926874ns10:FullAccounts2023-10-012024-09-3011926874ns10:OrdinaryShareClass12023-10-012024-09-3011926874ns10:Director22023-10-012024-09-3011926874ns10:Director32023-10-012024-09-3011926874ns10:RegisteredOffice2023-10-012024-09-3011926874ns5:CurrentFinancialInstruments2024-09-3011926874ns5:CurrentFinancialInstruments2023-09-3011926874ns5:ShareCapital2024-09-3011926874ns5:ShareCapital2023-09-3011926874ns5:RetainedEarningsAccumulatedLosses2024-09-3011926874ns5:RetainedEarningsAccumulatedLosses2023-09-3011926874ns10:OrdinaryShareClass12024-09-3011926874ns5:RetainedEarningsAccumulatedLosses2023-09-3011926874ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 11926874


Unaudited Financial Statements for the Year Ended 30 September 2024

for

KMP (Streatham Hill) Limited

KMP (Streatham Hill) Limited (Registered number: 11926874)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KMP (Streatham Hill) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr Niral Narendra Patel
Mr Bhavish Patel
Mr Viresh Mukesh Patel





REGISTERED OFFICE: Third Floor
126-134 Baker Street
London
W1U 6UE





REGISTERED NUMBER: 11926874






KMP (Streatham Hill) Limited (Registered number: 11926874)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,722,618 4,616,887

CURRENT ASSETS
Debtors 5 200 200
Cash at bank 4,613 11,839
4,813 12,039
CREDITORS
Amounts falling due within one year 6 4,663,535 4,562,035
NET CURRENT LIABILITIES (4,658,722 ) (4,549,996 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,896

66,891

CAPITAL AND RESERVES
Called up share capital 7 200 200
Retained earnings 8 63,696 66,691
SHAREHOLDER FUNDS 63,896 66,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Mr Viresh Mukesh Patel - Director


KMP (Streatham Hill) Limited (Registered number: 11926874)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

KMP (Streatham Hill) Limited is a private company, limited by shares , registered in Not specified/Other. 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
The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net current deficit of £4,658,722 (2023: £4,549,996) on the balance sheet. The Directors, having made appropriate enquiries, are satisfied that the company will receive continued support from the company's ultimate shareholders and the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


KMP (Streatham Hill) Limited (Registered number: 11926874)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 4,616,887
Additions 105,731
At 30 September 2024 4,722,618
NET BOOK VALUE
At 30 September 2024 4,722,618
At 30 September 2023 4,616,887

The investment properties are still under development and in opinion of the directors the market value of the properties are not significantly different to their net book values.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Called up share capital not paid 200 200

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 4,661,037 4,559,537
Accrued expenses 2,498 2,498
4,663,535 4,562,035

7. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
200 Share capital 1 £1 200 200

KMP (Streatham Hill) Limited (Registered number: 11926874)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. RESERVES
Retained
earnings
£   

At 1 October 2023 66,691
Deficit for the year (2,995 )
At 30 September 2024 63,696

9. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £3,750,000 (2023: £3,750,000) owed by the company to the shareholders. This loan is non-interest bearing and payable on demand.

Also included in other creditors are amounts of £78,537 (2023: £78,537) and £832,500 (2023: £731,000) owed to related party entities. These loans are non-interest bearing and payable on demand.