IRIS Accounts Production v24.3.2.46 08850824 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088508242023-03-31088508242024-03-31088508242023-04-012024-03-31088508242022-03-31088508242022-04-012023-03-31088508242023-03-3108850824ns15:EnglandWales2023-04-012024-03-3108850824ns14:PoundSterling2023-04-012024-03-3108850824ns10:Director12023-04-012024-03-3108850824ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3108850824ns10:SmallEntities2023-04-012024-03-3108850824ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3108850824ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3108850824ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3108850824ns10:FullAccounts2023-04-012024-03-3108850824ns10:RegisteredOffice2023-04-012024-03-3108850824ns5:CurrentFinancialInstruments2024-03-3108850824ns5:CurrentFinancialInstruments2023-03-3108850824ns5:ShareCapital2024-03-3108850824ns5:ShareCapital2023-03-3108850824ns5:RetainedEarningsAccumulatedLosses2024-03-3108850824ns5:RetainedEarningsAccumulatedLosses2023-03-3108850824ns5:PlantMachinery2023-04-012024-03-3108850824ns5:PlantMachinery2023-03-3108850824ns5:PlantMachinery2024-03-3108850824ns5:PlantMachinery2023-03-3108850824ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3108850824ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31
REGISTERED NUMBER: 08850824 (England and Wales)









Financial Statements

for the Year Ended 31 March 2024

for

KSG Properties Limited

KSG Properties Limited (Registered number: 08850824)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KSG Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: K Graves





REGISTERED OFFICE: c/o Parker Cavendish, Suite 301,
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW





REGISTERED NUMBER: 08850824 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
Suite 301
Stanmore Business and Innovation Centre
Howard Road
Stanmore
Middlesex
HA7 1FW

KSG Properties Limited (Registered number: 08850824)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 25,545 34,060
Investment property 5 126,851 126,851
152,396 160,911

CURRENT ASSETS
Debtors 6 592 552
Cash at bank 3,395 16,109
3,987 16,661
CREDITORS
Amounts falling due within one year 7 (190,337 ) (191,884 )
NET CURRENT LIABILITIES (186,350 ) (175,223 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(33,954

)

(14,312

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (34,054 ) (14,412 )
SHAREHOLDERS' FUNDS (33,954 ) (14,312 )

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 his 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.

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 director and authorised for issue on 27 March 2025 and were signed by:





K Graves - Director


KSG Properties Limited (Registered number: 08850824)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

KSG Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Initial measurement
Investment properties are initially measured at cost.

Subsequent measurement
Investment properties are measured at fair value at each reporting date with changes in fair values recognised in profit or loss. No depreciation is provided in respect of investment properties.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2023 - NIL).

KSG Properties Limited (Registered number: 08850824)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 38,161
DEPRECIATION
At 1 April 2023 4,101
Charge for year 8,515
At 31 March 2024 12,616
NET BOOK VALUE
At 31 March 2024 25,545
At 31 March 2023 34,060

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 126,851
NET BOOK VALUE
At 31 March 2024 126,851
At 31 March 2023 126,851

In the opinion of the Directors the market value of the company's investment property is not materially different from its original cost.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 592 552

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 188,017 190,283
Other creditors 2,320 1,601
190,337 191,884