Company Registration No. 08337188 (England and Wales)
KSB Shareholders Limited
Annual Report and Unaudited Financial Statements
For the year ended 31 December 2023
KSB Shareholders Limited
Company Information
Directors
J.R. Riches
T.F.J Stovold
D.T. Martine
Secretary
I. Rixon
Company number
08337188
Registered office
9 Appold Street
London
EC2A 2AP
KSB Shareholders Limited
Contents
Page
Directors' report
1
Statement of financial position
2
Notes to the financial statements
3 - 5
KSB Shareholders Limited
Directors' Report
For the year ended 31 December 2023
Page 1

The directors present their annual report and financial statements for the year ended 31 December 2023.

Principal activities

The company did not trade during the period under review and accordingly no income statement is presented.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

J.R. Riches
T.F.J Stovold
D.T. Martine
Statement of directors' responsibilities

The directors are responsible for preparing the annual report and the financial statements in accordance with applicable law and regulations.

 

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

 

 

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Qualifying third party indemnity provisions

The parent, Moore Kingston Smith LLP, has entered into qualifying third party indemnity arrangements for the benefit of all company directors.

On behalf of the board
T.F.J Stovold
Director
15 October 2024
KSB Shareholders Limited
Statement Of Financial Position
As at 31 December 2023
31 December 2023
Page 2
2023
2022
Notes
$
$
$
$
Fixed assets
Investments
2
1,000
1,000
Current assets
Debtors
3
5
5
Creditors: amounts falling due within one year
4
(1,000)
(1,000)
Net current liabilities
(995)
(995)
Total assets less current liabilities
5
5
Capital and reserves
Called up share capital
5
5
5
Total equity
5
5

For the financial year ended 31 December 2023 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 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 October 2024 and are signed on its behalf by:
T.F.J Stovold
Director
Company Registration No. 08337188
KSB Shareholders Limited
Notes to the  Financial Statements
For the year ended 31 December 2023
Page 3
1
Accounting policies
Company information

KSB Shareholders Limited is a private company limited by shares domiciled and incorporated in England and Wales. The registered office is 9 Appold Street, London, EC2A 2AP.

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.

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

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

1.2
Income statement

The company has not traded during the period and therefore has not prepared an income statement.

1.3
Financial instruments

Basic financial instruments are measured at amortised cost. The company has no other financial instruments or basic financial instruments measured at fair value.

 

1.4
Investment in subsidiary

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

KSB Shareholders Limited
Notes to the  Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
Page 4
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years.

1.6
Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company has not prepared group accounts as it is exempt from the requirement to do so by S400 of the Companies Act 2006 as it is included in the consolidated accounts of Moore Kingston Smith LLP, a limited liability partnership incorporated in England and Wales.

2
Fixed asset investments
2023
2022
$
$
Cost and net book value
At 1 January 2023 and 31 December 2023
1,000
1,000
The company holds 100% of the issued share capital of KSB Accountancy Holdings Inc, a company incorporated in the USA, whose principal activity is that of a holding company. Its registered office is 11601 Wilshire Blvd., Suite 2180, Los Angeles, CA 90025.
3
Debtors
2023
2022
$
$
Amounts owed by parent undertaking
5
5
KSB Shareholders Limited
Notes to the  Financial Statements (Continued)
For the year ended 31 December 2023
Page 5
4
Creditors: amounts falling due within one year
2023
2022
$
$
Amounts owed to subsidiary undertaking
1,000
1,000
5
Called up share capital
2023
2022
$
$
Allotted, called up and fully paid
3 Ordinary shares of £1 each
5
5
6
Ultimate parent undertaking

In the directors' opinion, there is no controlling party of the company.

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