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REGISTERED NUMBER: 06670098 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

KMP LAW LIMITED

KMP LAW LIMITED (REGISTERED NUMBER: 06670098)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMP LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Kathryn Mary Phillips





REGISTERED OFFICE: 2 Station Road
Ryhill
Wakefield
West Yorkshire
WF4 2DT





REGISTERED NUMBER: 06670098 (England and Wales)





ACCOUNTANTS: Walter Dawson & Son
Chartered Accountants
First Floor, Unit 12
Pennine Business Park
Longbow Close, Bradley
Huddersfield
West Yorkshire
HD2 1GQ

KMP LAW LIMITED (REGISTERED NUMBER: 06670098)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 - 24,305
Investment property 6 420,000 410,000
420,000 434,305

CURRENT ASSETS
Debtors 7 1,283 14,570
Cash at bank 3,626 3,192
4,909 17,762
CREDITORS
Amounts falling due within one year 8 248,611 261,231
NET CURRENT LIABILITIES (243,702 ) (243,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,298

190,836

PROVISIONS FOR LIABILITIES 16,089 9,000
NET ASSETS 160,209 181,836

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 9 64,356 54,356
Profit and loss account 95,852 127,479
160,209 181,836

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KMP LAW LIMITED (REGISTERED NUMBER: 06670098)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2024 and were signed by:





Kathryn Mary Phillips - Director


KMP LAW LIMITED (REGISTERED NUMBER: 06670098)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

KMP Law Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer Equipment - 25% on reducing balance

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 Profit and Loss Account, 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 balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 1 (2023 - 1 ) .

KMP LAW LIMITED (REGISTERED NUMBER: 06670098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Computer
Equipment
£   
COST
At 1 April 2023
and 31 March 2024 130
DEPRECIATION
At 1 April 2023
and 31 March 2024 130
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 24,305
Disposals (24,305 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 24,305

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 410,000
Revaluations 10,000
At 31 March 2024 420,000
NET BOOK VALUE
At 31 March 2024 420,000
At 31 March 2023 410,000

KMP LAW LIMITED (REGISTERED NUMBER: 06670098)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2022 54,355
Valuation in 2024 10,000
Cost 355,645
420,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,283 14,570

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,613 3,000
Other creditors 244,998 258,231
248,611 261,231

9. RESERVES
Revaluation
reserve
£   
At 1 April 2023 54,356
Revaluations 10,000

At 31 March 2024 64,356

10. RELATED PARTY DISCLOSURES

Included within creditors are the following loans from directors £241,751 (2023 - £249,148)