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Company Registration No.
UNAUDITED
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2024
Riordan O'Sullivan & Co
Chartered Certified Accountants
40 Chamberlayne Road
London
NW10 3JE
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COMPANY INFORMATION
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CONTENTS
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DIRECTORS' REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The directors present their report and the financial statements for the year ended 31 August 2024.
The directors who served during the year were:
In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board on 19 May 2025 and signed on its behalf.
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REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KMSM MASTERSON LIMITED
FOR THE YEAR ENDED 31 AUGUST 2024
Chartered Certified Accountants
40 Chamberlayne Road
NW10 3JE
19 May 2025
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BALANCE SHEET
AS AT 31 AUGUST 2024
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BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 May 2025.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
KMSM Masterson Limited is a private company limited by shares incorporated in England and Wales. The registered office is Atlantic House, 7 Stirling Way, Borehamwood, Herts, WD6 2BT.
2.Accounting policies
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. The financial statements have been prepared under the historical cost convention. The principal accounting policies are set out below.
Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of any impairment losses.
The directors are of the opinion that fair value cannot be achieved without undue cost or effort, therefore, investment properties are accounted for as property, plant and equipment. Freehold land and buildings are maintained to ensure that their values do not diminish over time. The maintenance cost are charged to the profit and loss account as incurred. In the director's opinion, depreciation would be immaterial and has not been charged. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
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