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REGISTERED NUMBER: 05479584 (England and Wales)


Unaudited Financial Statements for the Year Ended 30 September 2024

for

KMP (Rye Lane) Limited

KMP (Rye Lane) Limited (Registered number: 05479584)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KMP (Rye Lane) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr Mahesh Kanubhai Patel
Mr Mukesh Kanubhai Patel
Mr Niral Narendra Patel
Mr Viresh Mukesh Patel





REGISTERED OFFICE: C/o KMP Group
29-33 Church Road
Stanmore
Middlesex
HA7 4AR





REGISTERED NUMBER: 05479584 (England and Wales)





ACCOUNTANTS: Andrew Murray & Co
Business Advisors and Statutory Auditors
144-146 Kings Cross Road
King's Cross
WC1X 9DU

KMP (Rye Lane) Limited (Registered number: 05479584)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 4 277,000 279,500
Cash at bank 1,387 222
278,387 279,722
CREDITORS
Amounts falling due within one year 5 1,676 1,677
NET CURRENT ASSETS 276,711 278,045
TOTAL ASSETS LESS CURRENT
LIABILITIES

276,711

278,045

CAPITAL AND RESERVES
Called up share capital 6 120 120
Retained earnings 7 276,591 277,925
SHAREHOLDER FUNDS 276,711 278,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

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 authorised for issue by the Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:





Mr Viresh Mukesh Patel - Director


KMP (Rye Lane) Limited (Registered number: 05479584)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

KMP (Rye Lane) 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.

Financial instruments
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets
Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash
equivalents, trade and most other receivables due with the operating cycle fall into this category of financial
instruments.

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 4 (2023 - 4 ) .

KMP (Rye Lane) Limited (Registered number: 05479584)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 277,000 279,500

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 118 119
Accrued expenses 1,558 1,558
1,676 1,677

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
120 Ordinary Share Capital £1 120 120

7. RESERVES
Retained
earnings
£   

At 1 October 2023 277,925
Deficit for the year (1,334 )
At 30 September 2024 276,591

8. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £277,000 (2023 - £279,500) owed to a related party entity. The above loan is non-interest bearing and payable on demand.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr Mahesh Patel, Mr Mukesh Patel and Mrs Parul Patel.