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REGISTERED NUMBER: 09351177 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

KGS Planning Ltd

KGS Planning Ltd (Registered number: 09351177)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

KGS Planning Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Dr R J Smith





REGISTERED OFFICE: 2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR





REGISTERED NUMBER: 09351177 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

KGS Planning Ltd (Registered number: 09351177)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 - 187
Investment property 4 150,000 150,000
150,000 150,187

CURRENT ASSETS
Debtors 5 24 2,566
Cash at bank 1,701 429
1,725 2,995
CREDITORS
Amounts falling due within one year 6 (32,349 ) (26,217 )
NET CURRENT LIABILITIES (30,624 ) (23,222 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,376

126,965

CREDITORS
Amounts falling due after more than one
year

7

(88,596

)

(91,120

)

PROVISIONS FOR LIABILITIES (7,851 ) -
NET ASSETS 22,929 35,845

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 8 23,554 31,405
Retained earnings (628 ) 4,437
22,929 35,845

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

KGS Planning Ltd (Registered number: 09351177)

Balance Sheet - continued
31 December 2024


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 28 January 2025 and were signed by:





Dr R J Smith - Director


KGS Planning Ltd (Registered number: 09351177)

Notes to the Financial Statements
for the Year Ended 31 December 2024

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KGS Planning Ltd (Registered number: 09351177)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,397
Disposals (1,397 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 1,210
Eliminated on disposal (1,210 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 187

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 150,000
NET BOOK VALUE
At 31 December 2024 150,000
At 31 December 2023 150,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2022 31,405
Cost 118,595
150,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 118,595 118,595

Investment property was valued on an open market basis on 31 December 2024 by Dr R J Smith .

KGS Planning Ltd (Registered number: 09351177)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 150
Tax - 2,077
Prepayments 24 339
24 2,566

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,800 2,800
Amounts owed to group undertakings 15,000 15,000
Directors' current accounts 13,457 6,757
Accrued expenses 1,092 1,660
32,349 26,217

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 2,377 2,801
Bank loans - 2-5 years - 2,100
Bank loans more 5 yrs non-inst 86,219 86,219
88,596 91,120

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 86,219 86,219

8. RESERVES
Revaluation
reserve
£   
At 1 January 2024 31,405
Revaluations (7,851 )

At 31 December 2024 23,554

9. OTHER FINANCIAL COMMITMENTS

The company had a mortgage outstanding of £86,219 (2023: £86,219). The mortgage is secured against the investment property.

The company has bank loans outstanding of £5,175 (2023: £7,701).

KGS Planning Ltd (Registered number: 09351177)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
Dr R J Smith
Balance outstanding at start of year 6,757 1,607
Amounts advanced 6,700 12,150
Amounts repaid - (7,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 13,457 6,757

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
KGS Planning Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of KGS Planning Ltd for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of KGS Planning Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of KGS Planning Ltd and state those matters that we have agreed to state to the director of KGS Planning Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KGS Planning Ltd and its director for our work or for this report.

It is your duty to ensure that KGS Planning Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of KGS Planning Ltd. You consider that KGS Planning 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 financial statements of KGS Planning 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 financial statements.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................