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REGISTERED NUMBER: 08246651 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 October 2024

for

KB CONSULTING GLOBAL LIMITED

KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KB CONSULTING GLOBAL LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTOR: R Karakachian





REGISTERED OFFICE: 27 Daventry Street
London
NW1 6TD





REGISTERED NUMBER: 08246651 (England and Wales)





ACCOUNTANTS: Garo & Co UK LLP
Chartered Certified Accountants
27 Daventry Street
London
NW1 6TD

KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651)

Abridged Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 21,365 25,747
Investments 5 405,985 465,040
427,350 490,787

CURRENT ASSETS
Debtors 6 143,827 169,670
Cash at bank 1,453 58,775
145,280 228,445
CREDITORS
Amounts falling due within one year 6,061 22,693
NET CURRENT ASSETS 139,219 205,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

566,569

696,539

PROVISIONS FOR LIABILITIES 4,100 5,330
NET ASSETS 562,469 691,209

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 562,468 691,208
SHAREHOLDERS' FUNDS 562,469 691,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651)

Abridged Balance Sheet - continued
31 October 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 May 2025 and were signed by:





R Karakachian - Director


KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651)

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

1. STATUTORY INFORMATION

KB Consulting Global 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 as modified by the revaluation of certain assets.

Turnover
Turnover 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.
Motor vehicles - 15% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
Fixed asset investments listed on the Stock Exchange are measured at fair value through the profit and loss account.

Other investments are measured at cost less permanent impairment losses. Permanent impairment losses are recognised in the profit and loss account.

KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651)

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

2. ACCOUNTING POLICIES - continued

Going concern
The director has assessed the company's trading results at the time of signing the financial statements and confirms that there are no significant doubts in the company's ability to continue as a going concern.

The director therefore believes that it is appropriate for the financial statements to be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 39,781
Additions 2,299
Disposals (1,006 )
At 31 October 2024 41,074
DEPRECIATION
At 1 November 2023 14,034
Charge for year 6,431
Eliminated on disposal (756 )
At 31 October 2024 19,709
NET BOOK VALUE
At 31 October 2024 21,365
At 31 October 2023 25,747

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 November 2023 290,623
Additions 83,441
Disposals (177,446 )
Revaluations 34,950
At 31 October 2024 231,568
NET BOOK VALUE
At 31 October 2024 231,568
At 31 October 2023 290,623

KB CONSULTING GLOBAL LIMITED (REGISTERED NUMBER: 08246651)

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

5. FIXED ASSET INVESTMENTS - continued

Fixed asset investments include investments listed on the Stock Exchange. Listed investments are measured at fair value through profit and loss account, the quoted market price amounted to £231,568 (2023: £290,623).

The historic cost of fixed asset listed investments was £267,931 (2023: £361,936).

Other fixed asset investments (neither listed nor unlisted) are investments in paintings measured at cost less permanent impairment. Permanent impairments are recognised in the profit and loss account.

The historic cost of the other fixed asset investments was £174,417 (2023: £174,417).

Investments (neither listed nor unlisted) were as follows:
31.10.24 31.10.23
£    £   
Other investments 174,417 174,417

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Other debtors 16,862 16,862

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other debtors is an amount owing to the company by the director. These interest free advances totalling £51,171 (2023: £51,039) were made to the director of the company, to provide funds for personal use. The balance represents the highest amount outstanding in the year.

8. RETAINED EARNINGS

The retained earnings at the year end of £562,468 (2023: £691,208) include fixed asset investments revaluation reserve net deficit of £36,363 (2023: net deficit of £71,313). The non distributable reserve is stated net of deferred taxation on revaluation of £Nil (2023: £Nil).