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Company Registration No. 07662404 (England and Wales)
KPL Ventures Ltd Unaudited accounts for the year ended 30 June 2024
KPL Ventures Ltd Unaudited accounts Contents
Page
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KPL Ventures Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,335 
16,535 
Investment property
220,066 
220,066 
233,401 
236,601 
Current assets
Debtors
85 
35 
Cash at bank and in hand
1,981 
1,224 
2,066 
1,259 
Creditors: amounts falling due within one year
(2,714)
(2,857)
Net current liabilities
(648)
(1,598)
Total assets less current liabilities
232,753 
235,003 
Creditors: amounts falling due after more than one year
(254,982)
(257,736)
Net liabilities
(22,229)
(22,733)
Capital and reserves
Called up share capital
20 
20 
Profit and loss account
(22,249)
(22,753)
Shareholders' funds
(22,229)
(22,733)
For the year ending 30 June 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 19 March 2025 and were signed on its behalf by
Sinead Peeters Director Company Registration No. 07662404
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KPL Ventures Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
KPL Ventures Ltd is a private company, limited by shares, registered in England and Wales, registration number 07662404. The registered office is 65 TREVALE ROAD, ROCHESTER, KENT, ME1 3PA.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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KPL Ventures Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
1,732 
27,142 
2,905 
31,779 
Additions
- 
134 
- 
134 
At 30 June 2024
1,732 
27,276 
2,905 
31,913 
Depreciation
At 1 July 2023
861 
12,847 
1,536 
15,244 
Charge for the year
174 
2,886 
274 
3,334 
At 30 June 2024
1,035 
15,733 
1,810 
18,578 
Net book value
At 30 June 2024
697 
11,543 
1,095 
13,335 
At 30 June 2023
871 
14,295 
1,369 
16,535 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
220,066 
At 30 June 2024
220,066 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
22 
Trade debtors
85 
13 
85 
35 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
741 
316 
VAT
944 
1,031 
Trade creditors
1,016 
1,497 
Other creditors
13 
13 
2,714 
2,857 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
122,352 
134,179 
Other creditors
1,796 
1,796 
Loans from directors
130,834 
121,761 
254,982 
257,736 
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KPL Ventures Ltd Notes to the Accounts for the year ended 30 June 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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