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REGISTERED NUMBER: 06863087 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KMSP CAPITAL LIMITED

KMSP CAPITAL LIMITED (REGISTERED NUMBER: 06863087)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


KMSP CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs M Mehta





SECRETARY: Mrs M Mehta





REGISTERED OFFICE: 505 Pinner Road
Harrow
Middlesex
HA2 6EH





REGISTERED NUMBER: 06863087 (England and Wales)





ACCOUNTANTS: Sterling Accounting & Bookkeeping Services Limited
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

KMSP CAPITAL LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
KMSP CAPITAL LIMITED


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages one to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Sterling Accounting & Bookkeeping Services Limited
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


26 March 2025

KMSP CAPITAL LIMITED (REGISTERED NUMBER: 06863087)

BALANCE SHEET
31 MARCH 2024

31/3/24 31/3/23
Notes £ £ £ £
FIXED ASSETS
Property, plant and equipment 4 313 386
Investment property 5 1,254,863 1,254,863
1,255,176 1,255,249

CURRENT ASSETS
Debtors 6 - 40
Cash at bank 5,343 4,405
5,343 4,445
CREDITORS
Amounts falling due within one year 7 940,174 197,812
NET CURRENT LIABILITIES (934,831 ) (193,367 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

320,345

1,061,882

CREDITORS
Amounts falling due after more than one
year

8

-

(717,252

)

PROVISIONS FOR LIABILITIES (46,131 ) (46,131 )
NET ASSETS 274,214 298,499

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 274,213 298,498
SHAREHOLDERS' FUNDS 274,214 298,499

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KMSP CAPITAL LIMITED (REGISTERED NUMBER: 06863087)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2025 and were signed by:





Mrs M Mehta - Director


KMSP CAPITAL LIMITED (REGISTERED NUMBER: 06863087)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

KMSP Capital Limited 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rent receivable, net of value added tax.

Turnover is recognised when the company has a right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property whose fair value can be measured reliably without undue cost or effort shall be measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KMSP CAPITAL LIMITED (REGISTERED NUMBER: 06863087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2023
and 31 March 2024 2,081 3,474 5,555
DEPRECIATION
At 1 April 2023 1,842 3,327 5,169
Charge for year 36 37 73
At 31 March 2024 1,878 3,364 5,242
NET BOOK VALUE
At 31 March 2024 203 110 313
At 31 March 2023 239 147 386

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,254,863
NET BOOK VALUE
At 31 March 2024 1,254,863
At 31 March 2023 1,254,863

Fair value at 31 March 2024 is represented by:
£
Valuation in 2015 196,361
Valuation in 2016 150,000
Cost 908,502
1,254,863

In the opinion of the director the fair value of the investment properties as at 31 March 2024 is not significantly different to that stated above.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Other debtors - 40

KMSP CAPITAL LIMITED (REGISTERED NUMBER: 06863087)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£ £
Bank loans and overdrafts 717,252 -
Amounts owed to connected companies 38,784 13,234
Taxation and social security 188 188
Other creditors 183,950 184,390
940,174 197,812

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£ £
Bank loans - 717,252

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst - 717,252

9. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£ £
Bank loans 717,252 717,252

The bank loan is secured by a legal charge over the investment property.

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2024, the company owed £181,751 (2023: £182,591) to the director of the company. The amount owed is repayable on demand.

11. RELATED PARTY DISCLOSURES

At the year end the company owed £1,500 (2023: £1,500) to MM6 Investments Ltd, a company in which the director has beneficial interest. The amount owed is repayable on demand.

At the year end the company owed £37,284 (2023: £11,634) to Sterling Rose Developments Ltd , a company in which the director has beneficial interest. The amount owed is repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Emperor Property (Group) Limited, a company registered in England and Wales

The director's husband is the utlimate controller by virtue of his shareholding in Emperor Property (Group) Limited.