KJG Holdings Ltd
Registered number: 14690549
Statement of Financial Position
as at 29 February 2024
Notes 2024
£
Fixed assets
Tangible assets 4 695,000
Current assets
Debtors 5 270,194
Cash at bank and in hand 80,789
350,983
Creditors: amounts falling due within one year 6 (3,041)
Net current assets 347,942
Net assets 1,042,942
Capital and reserves
Called up share capital 1,054,556
Profit and loss account (11,614)
Shareholder's funds 1,042,942
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
K Middleweek
Director
Approved by the board on 6 November 2024
KJG Holdings Ltd
Notes to the Accounts
for the period from 27 February 2023 to 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from property rental. Turnover from the rental is recognised by reference to the stage of completion of the tenancy.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Exceptional items 2024
£
Intercompany loan written off (1,038,690)
(1,038,690)
3 Employees and directors 2024
Number
Average number of directors and persons employed by the company 1
4 Tangible fixed assets
Land and buildings
£
Cost
Additions 695,000
At 29 February 2024 695,000
Depreciation
At 29 February 2024 -
Net book value
At 29 February 2024 695,000
5 Debtors 2024
£
Prepayments 164
Other debtors 270,030
270,194
6 Creditors: amounts falling due within one year 2024
£
Accruals 2,044
Corporation tax 997
3,041
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
K Middleweek
Repayable on demand - 269,708 - 269,708
- 269,708 - 269,708
8 Other information
KJG Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
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