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Registered number: 04146354

K2 Partners Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024

Prepared By:
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER

K2 Partners Ltd

ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
DIRECTORS
Anthony Groom
Sarah Groom
Laurence Groom (appointed 27 August 2024)
SECRETARY
Sarah Groom
REGISTERED OFFICE
Blythe Farm
Mill Street
Gamlingay
Bedfordshrie
SG19 3JW
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04146354
ACCOUNTANTS
Anstee Gorst
Unit 4 Eaton Court
Colmworth Business Park
Eaton Socon
Cambridgeshire
PE19 8ER

K2 Partners Ltd

ACCOUNTS
FOR THEYEARENDED30/06/2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

K2 Partners Ltd

BALANCE SHEET AT 30/06/2024
20242023
Notes££
FIXED ASSETS
Tangible assets233,6752,512
Investment Assets31010
33,6852,522
CURRENT ASSETS
Debtors490,73839,094
Cash at bank and in hand134,360143,790
225,098182,884
CREDITORS: Amounts falling due within one year594,52578,649
NET CURRENT ASSETS130,573104,235
TOTAL ASSETS LESS CURRENT LIABILITIES164,258106,757
CREDITORS: Amounts falling due after more than one year66,66711,250
PROVISIONS FOR LIABILITIES AND CHARGES88,419477
NET ASSETS149,17295,030
CAPITAL AND RESERVES
Called up share capital933
Profit and loss account149,16995,027
SHAREHOLDERS' FUNDS149,17295,030
For the year ending 30/06/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 26/03/2025 and signed on their behalf by
.............................
Anthony Groom
Director

K2 Partners Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/06/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentstraight line 33.33%
1c. Foreign Currency
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of the exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at the historic cost in a foreign currency are not retranslated.
1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.
1e. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

K2 Partners Ltd

2. TANGIBLE FIXED ASSETS
Commercial
VehiclesEquipmentTotal
£££
Cost
At 01/07/2023-10,33510,335
Additions37,3641,12138,485
At 30/06/202437,36411,45648,820
Depreciation
At 01/07/2023-7,8237,823
For the year5,1892,1337,322
At 30/06/20245,1899,95615,145
Net Book Amounts
At 30/06/202432,1751,50033,675
At 30/06/2023-2,5122,512
3. FINANCIAL ASSETS
Other
InvestmentsTotal
££
Cost
At 01/07/20231010
At 30/06/20241010
Amortisation
Net Book Amounts
At 30/06/20241010
At 30/06/20231010
Other investments represents 10 ordinary shares in Build Homes Better Ltd
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors17,20111,197
Other debtors8685,568
Prepayments3,0432,716
21,11219,481
Amounts falling due over more than one year
Long term debtor69,62619,613
69,62619,613
90,73839,094
Included with in other debtors are Debenture loans totalling £19,613 (2023 - £19,613) falling due after more than one year. The director does not consider there to be any impairment to the loan.

K2 Partners Ltd

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax29,98622,990
VAT10,27911,265
PAYE control1,010-
Salaries and wages control2,928-
Directors current account2,71015,583
Loans5,0005,000
Credit card362373
Trade creditors1,2962,509
Other creditors39,35419,529
Accruals1,6001,400
94,52578,649
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Loans >1yr6,66711,250
6,66711,250
7. EMPLOYEES
20242023
No.No.
Average number of employees21
8. PROVISIONS FOR LIABILITIES 20242023
££
Deferred taxation8,419477
8,419477

K2 Partners Ltd

9. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
1 Ordinary shares of £1 each11
1 Ordinary A shares of £1 each11
1 Ordinary B shares of £1 each11
33
New shares issued during period:
0 Ordinary B shares of £1 each01
-1
10. CONTROLLING PARTY
The controlling parties are A J Groom and S Groom, the shareholders of the company.
11. RELATED PARTY TRANSACTIONS
At the end of the period an amount of £39,354 was owed to ADC Services Ltd, a related party (2023 £19,529)
During the period the company held debenture loans to the following related parties of which A J Groom is director. These debentures were secured over the undertakings and all property and assets present and future including goodwill.
Viperguard Ltd - balance owed at 30 June 2024 £19,626 (2023 £19,613).
12. INTANGIBLE FIXED ASSETS
The following intellectual property rights are held by K2 Partners Ltd at a nil value.
Kabgard patent no GB2368608A and associated patents, Lokgard patent no GB2384519A and associated patents and Trademark Protek-dor. All purchased 12 December 2006.