Company Registration No. 05893254 (England and Wales)
K M Portfolios Ltd
Unaudited accounts
for the year ended 30 September 2024
K M Portfolios Ltd
Unaudited accounts
Contents
K M Portfolios Ltd
Company Information
for the year ended 30 September 2024
Directors
Mrs K M Mannering
Dr D P Mannering
Secretary
Dr D P Mannering
Company Number
05893254 (England and Wales)
Registered Office
The Old Stables, East Lenham Farm
Ashford Road, Lenham
Maidstone
Kent
ME17 2DP
Accountants
Wiggins & Co, Chartered Accountants
The Old Stables, East Lenham Farm
Ashford Road, Lenham
Maidstone
Kent
ME17 2DP
K M Portfolios Ltd
Accountants' report
Accountants' report to the board of directors of K M Portfolios Ltd on the preparation of the unaudited statutory accounts for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
K M Portfolios Ltd for the year ended
30 September 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of K M Portfolios Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of K M Portfolios Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K M Portfolios Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that K M Portfolios Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of K M Portfolios Ltd. You consider that K M Portfolios Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of K M Portfolios Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Wiggins & Co, Chartered Accountants
The Old Stables, East Lenham Farm
Ashford Road, Lenham
Maidstone
Kent
ME17 2DP
2 December 2024
K M Portfolios Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
16,721
17,581
Cash at bank and in hand
80,108
33,361
Creditors: amounts falling due within one year
(41,727)
(28,161)
Net current assets
43,841
23,308
Called up share capital
2
2
Profit and loss account
60,560
40,887
Shareholders' funds
60,562
40,889
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by
Mrs K M Mannering
Director
Company Registration No. 05893254
K M Portfolios Ltd
Notes to the Accounts
for the year ended 30 September 2024
K M Portfolios Ltd is a private company, limited by shares, registered in England and Wales, registration number 05893254. The registered office is The Old Stables, East Lenham Farm, Ashford Road, Lenham, Maidstone, Kent, ME17 2DP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the invoiced amount of sales, net of VAT.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Office equipment : 15% on reducing balance.
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
11,624
224
39,261
51,109
At 30 September 2024
11,624
224
39,261
51,109
At 1 October 2023
-
-
33,528
33,528
Charge for the year
-
-
860
860
At 30 September 2024
-
-
34,388
34,388
At 30 September 2024
11,624
224
4,873
16,721
At 30 September 2023
11,624
224
5,733
17,581
Amounts falling due within one year
Trade debtors
5,460
18,108
K M Portfolios Ltd
Notes to the Accounts
for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
35,846
11,008
Other creditors
5,661
3,206
Loans from directors
220
13,947
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).