IRIS Accounts Production v24.3.2.46 10960468 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh109604682022-12-31109604682023-12-31109604682023-01-012023-12-31109604682021-09-30109604682021-10-012022-12-31109604682022-12-3110960468ns15:EnglandWales2023-01-012023-12-3110960468ns14:PoundSterling2023-01-012023-12-3110960468ns10:Director12023-01-012023-12-3110960468ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110960468ns10:SmallEntities2023-01-012023-12-3110960468ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3110960468ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110960468ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110960468ns10:FullAccounts2023-01-012023-12-3110960468ns10:Director22023-01-012023-12-3110960468ns10:RegisteredOffice2023-01-012023-12-3110960468ns5:CurrentFinancialInstruments2023-12-3110960468ns5:CurrentFinancialInstruments2022-12-3110960468ns5:Non-currentFinancialInstruments2023-12-3110960468ns5:Non-currentFinancialInstruments2022-12-3110960468ns5:ShareCapital2023-12-3110960468ns5:ShareCapital2022-12-3110960468ns5:RetainedEarningsAccumulatedLosses2023-12-3110960468ns5:RetainedEarningsAccumulatedLosses2022-12-3110960468ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3110960468ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3110960468ns10:Director222022-12-3110960468ns10:Director222021-09-3010960468ns10:Director222023-01-012023-12-3110960468ns10:Director222021-10-012022-12-3110960468ns10:Director222023-12-3110960468ns10:Director222022-12-31
REGISTERED NUMBER: 10960468 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

KG Properties (Knutsford) Ltd

KG Properties (Knutsford) Ltd (Registered number: 10960468)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KG Properties (Knutsford) Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J D A Irlam
A J Francis





REGISTERED OFFICE: 7-9 Malt Street
Knutsford
Cheshire
WA16 6ES





REGISTERED NUMBER: 10960468 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

KG Properties (Knutsford) Ltd (Registered number: 10960468)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,671,937 1,671,937

CURRENT ASSETS
Debtors 5 374,326 375,167
Cash at bank 2,400 726
376,726 375,893
CREDITORS
Amounts falling due within one year 6 1,382,783 1,367,761
NET CURRENT LIABILITIES (1,006,057 ) (991,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,880

680,069

CREDITORS
Amounts falling due after more than one
year

7

598,997

642,712
NET ASSETS 66,883 37,357

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 66,873 37,347
66,883 37,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KG Properties (Knutsford) Ltd (Registered number: 10960468)

Balance Sheet - continued
31 December 2023


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 Statement of Income and Retained Earnings has not been delivered.

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:





A J Francis - Director


KG Properties (Knutsford) Ltd (Registered number: 10960468)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

KG Properties (Knutsford) Ltd 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Statement of Income and Retained Earnings, 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.

Going concern
The company's financial statements for the period ended 31 December 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KG Properties (Knutsford) Ltd (Registered number: 10960468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,671,937
NET BOOK VALUE
At 31 December 2023 1,671,937
At 31 December 2022 1,671,937

The directors consider the market value of the investment properties to be not materially different as at 31 December 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 374,326 375,167

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 44,800 45,710
Taxation and social security 8,506 5,617
Other creditors 1,329,477 1,316,434
1,382,783 1,367,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 598,997 642,712

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 619,630 653,345

KG Properties (Knutsford) Ltd (Registered number: 10960468)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

2023 2022
£    £   
J D A Irlam
Balance outstanding at start of year - -
Amounts advanced - 1,897
Amounts repaid - (1,897 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

10. RELATED PARTY DISCLOSURES

Entities over which the entity has control, joint control or significant influence:

2023 2022
£ £
Amounts due from related party 364,976 364,976
Amounts due to related party 1,313.733 1,304,574

There are no fixed repayment terms and no interest is chargeable in respect of these balances.