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REGISTERED NUMBER: 03686048 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Konig & Co Limited

Konig & Co Limited (Registered number: 03686048)






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




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Income Statement 4

Other Comprehensive Income 5

Balance Sheet 6

Statement of Changes in Equity 7

Notes to the Financial Statements 8


Konig & Co Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: L König





REGISTERED OFFICE: 823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ





REGISTERED NUMBER: 03686048 (England and Wales)





ACCOUNTANTS: Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ

Konig & Co Limited (Registered number: 03686048)

Report of the Director
for the Year Ended 31 December 2024

The director presents her report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY
The principal activity of the Company has been that of export and import of duty free goods.

REVIEW OF BUSINESS
The results for the year and the financial position at the year end, was considered satisfactory by the director.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

DIRECTOR
The director who served the company throughout the year was as follows:

Lea König

RESULTS
The Company's loss for the year amounted to 65,508 GBP

POST BALANCE SHEET EVENTS
No post balance sheet events have occurred since 31 December 2024 which requires reporting or disclosing in the accounts.

STATEMENT OF DIRECTOR'S RESPONSIBILITIES
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has 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 director must not approve the financial statements unless she is 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 director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is 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 her to ensure that the financial statements comply with the Companies Act 2006. She is 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.

BY ORDER OF THE BOARD:





L König - Director


11 February 2025

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Konig & Co Limited (Registered number: 03686048)


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Konig & Co Limited for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity 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 Konig & Co Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Konig & Co Limited and state those matters that we have agreed to state to the director of Konig & Co Limited 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 Konig & Co Limited and its director for our work or for this report.

It is your duty to ensure that Konig & Co Limited 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 Konig & Co Limited. You consider that Konig & Co Limited 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 Konig & Co Limited. 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.






Krogh & Partners Limited
823 Salisbury House
29 Finsbury Circus
London
EC2M 5QQ


11 February 2025

Konig & Co Limited (Registered number: 03686048)

Income Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

TURNOVER 3 302,833 346,815

Cost of sales 300,119 357,691
GROSS PROFIT/(LOSS) 2,714 (10,876 )

Administrative expenses 100,050 71,020
OPERATING LOSS (97,336 ) (81,896 )

Interest receivable and similar income 5 31,828 31,471
LOSS BEFORE TAXATION (65,508 ) (50,425 )

Tax on loss 6 - (9,510 )
LOSS FOR THE FINANCIAL YEAR (65,508 ) (40,915 )

Konig & Co Limited (Registered number: 03686048)

Other Comprehensive Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £   

LOSS FOR THE YEAR (65,508 ) (40,915 )


OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

(65,508

)

(40,915

)

Konig & Co Limited (Registered number: 03686048)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 7 8,257 9,507
Cash at bank 959,471 1,022,791
967,728 1,032,298
CREDITORS
Amounts falling due within one year 8 4,657 3,719
NET CURRENT ASSETS 963,071 1,028,579
TOTAL ASSETS LESS CURRENT
LIABILITIES

963,071

1,028,579

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 962,071 1,027,579
SHAREHOLDERS' FUNDS 963,071 1,028,579

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 her 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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

These accounts were approved by the director and authorised for issue on 11 February 2025 and were signed by:





L König - Director


Konig & Co Limited (Registered number: 03686048)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 1,000 1,068,494 1,069,494

Changes in equity
Total comprehensive income - (40,915 ) (40,915 )
Balance at 31 December 2023 1,000 1,027,579 1,028,579

Changes in equity
Total comprehensive income - (65,508 ) (65,508 )
Balance at 31 December 2024 1,000 962,071 963,071

Konig & Co Limited (Registered number: 03686048)

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

1. STATUTORY INFORMATION

Konig & Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparation
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.

Turnover
Turnover derives from the principal activity of the Company and is represented by invoiced sales excluding Value Added Tax.

Interest and similar income and charges
Interest and similar income and charges are recognised in the profit and loss account over the term of such instruments at a constant rate on the carrying amount.

Foreign currencies
Transactions denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Assets and liabilities in foreign currencies are translated into sterling at rates of exchange ruling at the end of the financial year. All exchange differences are dealt with in the profit and loss account.

Debtors
Debtors are valued individually and there are made provision according to this valuation.

Creditors
Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost.

Taxation
Current tax and deferred taxation, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation is provided in full on an undiscounted basis, on all timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements.

Deferred tax assets are recognised where it is considered more likely than not that future profits will be available for offset.

3. TURNOVER

Turnover is attributable to the one principal activity of the company.

4. EMPLOYEES AND DIRECTORS

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

5. INTEREST RECEIVABLE AND SIMILAR INCOME
2024 2023
£    £   
Interest income 31,828 31,471

Konig & Co Limited (Registered number: 03686048)

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

6. TAXATION

Analysis of the tax credit
The tax credit on the loss for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax - (9,510 )
Tax on loss - (9,510 )

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,132 -
Corporation Tax - 9,502
VAT 125 5
8,257 9,507

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,157 419
Accruals and deferred income 3,500 3,300
4,657 3,719

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. PARENT UNDERTAKINGS AND RELATED PARTIES

The director is considered to be the ultimate controlling entity by virtue of her interest in the share capital of this company.