Registration number:
Truestone KGS Limited
for the Year Ended 30 April 2024
Truestone KGS Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Truestone KGS Limited
Company Information
Directors |
PN Szkiler B D Corley |
Registered office |
|
Accountants |
|
Truestone KGS Limited
(Registration number: 09038213)
Balance Sheet as at 30 April 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Investments |
101,455 |
116,738 |
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net liabilities |
( |
( |
|
Capital and reserves |
|||
Called up share capital |
2 |
2 |
|
Retained earnings |
(376,955) |
(371,853) |
|
Shareholders' deficit |
(376,953) |
(371,851) |
For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
|
Truestone KGS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The presentation currency of the financial statements is the Pound Sterling (£).
Going concern
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Staff numbers |
The average number of persons employed by the company during the year was
Truestone KGS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Investments |
Unlisted investments |
Total |
|
Fixed asset investments |
||
Cost or valuation |
||
At 1 May 2023 |
116,738 |
116,738 |
Fair value adjustments |
99 |
99 |
Disposals |
(15,382) |
(15,382) |
At 30 April 2024 |
101,455 |
101,455 |
Carrying amount |
||
At 30 April 2024 |
|
101,455 |
Fixed asset investments revaluation
If fixed asset investments had not been revalued they would have been included at the cost of £303,193 (2023 - £318,575)
Fixed asset investments were valued on a fair value basis on 30 April 2024 by the directors.
The sole investment held by the company is an unlisted private equity investment in Microcredit Company Kemin Limited Liability Company ("MCC Kemin").
The principal activity of MCC Kemin is providing corporate and personal secured and unsecured micro-loans in national currency, Kyrgyz Soms. It prepares annual financial statements with a year end of 31 December and was established on 21 April 2014.
Truestone KGS Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
|
Due within one year |
|||
Trade creditors |
|
|
|
Amounts due to related parties |
|
|
|
Accruals |
|
|
|
|
|
Related party transactions |
Loans from related parties
2024 |
Parent |
Total |
At start of period |
|
|
Advanced |
|
|
Repaid |
( |
( |
At end of period |
|
|
|
2023 |
Parent |
Total |
At start of period |
|
|
Advanced |
|
|
At end of period |
|
|
|
Terms of loans from related parties