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REGISTERED NUMBER: 06009405 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KING HOLDINGS LIMITED

KING HOLDINGS LIMITED (REGISTERED NUMBER: 06009405)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KING HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: R J King





SECRETARY: Jamieson Stone Registrars Limited





REGISTERED OFFICE: Second Floor
Windsor House
40/41 Great Castle Street
London
W1W 8LU





REGISTERED NUMBER: 06009405 (England and Wales)





ACCOUNTANTS: Jamieson Stone LLP
Windsor House
40/41 Great Castle Street
London
W1W 8LU

KING HOLDINGS LIMITED (REGISTERED NUMBER: 06009405)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 3 164,238 164,069
Investments 4 878,954 652,425
1,043,192 816,494

CURRENT ASSETS
Debtors 5 16,963 -

CREDITORS
Amounts falling due within one year 6 (353,171 ) (247,154 )
NET CURRENT LIABILITIES (336,208 ) (247,154 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

706,984

569,340

CREDITORS
Amounts falling due after more than one year 7 - (56,592 )
NET ASSETS 706,984 512,748

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 539,408 306,185
Retained earnings 167,575 206,562
SHAREHOLDERS' FUNDS 706,984 512,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KING HOLDINGS LIMITED (REGISTERED NUMBER: 06009405)

BALANCE SHEET - continued
30 NOVEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 November 2024 and were signed by:





R J King - Director


KING HOLDINGS LIMITED (REGISTERED NUMBER: 06009405)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. 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.

Turnover
Turnover is the total amount receivable by the company excluding Value Added Tax, in the ordinary course of its business and comprises rental income, fees and other income.

Tangible fixed assets
Tangible fixed assets are stated at cost less depreciation. Depreciation has been calculated to write off the cost of tangible fixed assets over their expected useful lives at the following rates based on reduced values:

Leasehold propertyNil
Fixtures & fittings25%

No depreciation is provided on leasehold property as the director considers that there is no depreciable amount. This accounting policy is a departure from the Companies Act 2006. The director considers that this accounting policy results in the accounts giving a true and fair view. Deprecation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are taken into account in arriving at the operating result, except for exchange differences on foreign currency assets and borrowings and which are taken to revaluation reserve.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

KING HOLDINGS LIMITED (REGISTERED NUMBER: 06009405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. TANGIBLE FIXED ASSETS
Short Fixtures
leasehold & fittings Totals
£    £    £   
COST
At 1 December 2022 160,817 23,857 184,674
Additions - 1,309 1,309
At 30 November 2023 160,817 25,166 185,983
DEPRECIATION
At 1 December 2022 - 20,605 20,605
Charge for year - 1,140 1,140
At 30 November 2023 - 21,745 21,745
NET BOOK VALUE
At 30 November 2023 160,817 3,421 164,238
At 30 November 2022 160,817 3,252 164,069

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 December 2022 652,425
Revaluations 226,529
At 30 November 2023 878,954
NET BOOK VALUE
At 30 November 2023 878,954
At 30 November 2022 652,425

Cost or valuation at 30 November 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2023 539,408
Cost 339,546
878,954

KING HOLDINGS LIMITED (REGISTERED NUMBER: 06009405)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. FIXED ASSET INVESTMENTS - continued

The company holds 100% of the ordinary share capital of Enterprise Digital Solutions Ltd, a company which provides business development consultancy services and 100% of the ordinary share capital of Lentar Anstalt, a dormant company.

The aggregate amount of share capital and reserves of Enterprise Digital Solutions Ltd as at 31 May 2023 was £31,398 (2022: £70,800) and the loss for the year then ended was £19,402 (2022: £12,757).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 16,963 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 21,780
Amounts owed to group undertakings - 1,135
Director's current account 349,751 221,959
Accrued expenses 3,420 2,280
353,171 247,154

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans due between
2 & 5 years - 56,592
- 56,592

8. RESERVES
Revaluation
reserve
£   
At 1 December 2022 306,185
Foreign currency asset and borrowing
revaluation

6,694

Fixed asset investment revaluation 226,529

At 30 November 2023 539,408