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
KPL Ventures Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
13,335
16,535
Investment property
220,066
220,066
Cash at bank and in hand
1,981
1,224
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)
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
KPL Ventures Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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 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.
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
At 30 June 2024
1,732
27,276
2,905
31,913
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
At 30 June 2024
697
11,543
1,095
13,335
At 30 June 2023
871
14,295
1,369
16,535
Fair value at 1 July 2023
220,066
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
741
316
Trade creditors
1,016
1,497
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
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).