Company Registration No. 05375953 (England and Wales)
KMN Management Limited
Unaudited financial statements
For the year ended 28 February 2024
Pages for filing with registrar
KMN MANAGEMENT LIMITED
KMN Management Limited
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KMN MANAGEMENT LIMITED
KMN Management Limited
BALANCE SHEET
AS AT
28 FEBRUARY 2024
28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
193,849
191,569
Cash at bank and in hand
14,115
15,800
207,964
207,369
Creditors: amounts falling due within one year
4
(111,630)
(109,650)
Net current assets
96,334
97,719
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
96,332
97,717
Total equity
96,334
97,719

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 15 November 2024 and are signed on its behalf by:
M M S McPhail
Director
Company Registration No. 05375953
KMN MANAGEMENT LIMITED
KMN Management Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

KMN Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents amounts receivable for project management fees.
1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts due from related parties
193,847
191,567
Other debtors
2
2
193,849
191,569
KMN MANAGEMENT LIMITED
KMN Management Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2024
- 3 -
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,980
-
0
Amounts owed to related parties
108,000
108,000
Other creditors
1,650
1,650
111,630
109,650
5
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and not fully paid
2 Ordinary Shares of £1 each
2
2
2
2
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