Company registration number 13175580 (England and Wales)
KS PROPERTY (SOUTH WEST) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
KS PROPERTY (SOUTH WEST) LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KS PROPERTY (SOUTH WEST) LTD
BALANCE SHEET
AS AT 30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
2,775
4,964
Cash at bank and in hand
43,329
92,820
46,104
97,784
Creditors: amounts falling due within one year
4
(1,280)
(1,256)
Net current assets
44,824
96,528
Creditors: amounts falling due after more than one year
5
(50,000)
(100,000)
Net liabilities
(5,176)
(3,472)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(5,178)
(3,474)
Total equity
(5,176)
(3,472)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 14 February 2025 and are signed on its behalf by:
.................
...................
Kim Stephens
Simon Mitchell
Director
Director
Company Registration No. 13175580
KS PROPERTY (SOUTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information
KS Property (South West) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 128 City Road, London, United Kingdom, EC1V 2NX.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound (£).
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.
2
Employees
The average monthly number of persons employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
2,775
4,964
4
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
6
Other creditors
1,280
1,250
1,280
1,256
KS PROPERTY (SOUTH WEST) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
50,000
100,000