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REGISTERED NUMBER: 12458183 (England and Wales)


Unaudited Financial Statements for the Year Ended 30 September 2024

for

KMP (Brixton) Limited

KMP (Brixton) Limited (Registered number: 12458183)






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 (Brixton) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr B Patel
Mr N N Patel
Mr Mahesh Patel
Mr Mukesh Patel
Mr V M Patel
Mr V N Patel





REGISTERED OFFICE: Bultler & CO LLP
3rd Floor, 126-134 Baker Street
London
London
W1U 6UE





REGISTERED NUMBER: 12458183 (England and Wales)





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

KMP (Brixton) Limited (Registered number: 12458183)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 123,007 63,783

CURRENT ASSETS
Debtors 5 120 120

CREDITORS
Amounts falling due within one year 6 129,745 69,921
NET CURRENT LIABILITIES (129,625 ) (69,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,618

)

(6,018

)

CAPITAL AND RESERVES
Called up share capital 7 120 120
Retained earnings 8 (6,738 ) (6,138 )
SHAREHOLDER FUNDS (6,618 ) (6,018 )

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 V M Patel - Director


KMP (Brixton) Limited (Registered number: 12458183)

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

1. STATUTORY INFORMATION

KMP (Brixton) 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.

Going Concern
The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net current deficit of £129,625 (2023: £69,801) on the balance sheet. The Directors, having made appropriate enquiries, are satisfied that the company will receive continued support from the company's ultimate shareholders and the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

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.

KMP (Brixton) Limited (Registered number: 12458183)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Developmen
costs
£   
COST
At 1 October 2023 63,783
Additions 59,224
At 30 September 2024 123,007
NET BOOK VALUE
At 30 September 2024 123,007
At 30 September 2023 63,783

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 120 120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other creditors 126,145 66,921
Accrued expenses 3,600 3,000
129,745 69,921

7. CALLED UP SHARE CAPITAL

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

8. RESERVES
Retained
earnings
£   

At 1 October 2023 (6,138 )
Deficit for the year (600 )
At 30 September 2024 (6,738 )

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.