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REGISTERED NUMBER: 11889870 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

K. P. Spaces Ltd

K. P. Spaces Ltd (Registered number: 11889870)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


K. P. Spaces Ltd (Registered number: 11889870)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 7,667 13,067

Current assets
Stocks 300 -
Debtors 5 2,624 135
Cash at bank 10,712 4,033
13,636 4,168
Creditors
Amounts falling due within one year 6 30,495 24,283
Net current liabilities (16,859 ) (20,115 )
Total assets less current liabilities (9,192 ) (7,048 )

Creditors
Amounts falling due after more than one
year

7

(1,094

)

(2,700

)

Provisions for liabilities (987 ) (842 )
Net liabilities (11,273 ) (10,590 )

K. P. Spaces Ltd (Registered number: 11889870)

Balance Sheet - continued
31 August 2024

2024 2023
Notes £    £    £   
Capital and reserves
Called up share capital 8 100 100
Retained earnings (11,373 ) (10,690 )
Shareholders' funds (11,273 ) (10,590 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 23 May 2025 and were signed by:





P N Parker - Director


K. P. Spaces Ltd (Registered number: 11889870)

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

1. Statutory information

K. P. Spaces Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11889870

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statement is in Pound Sterling (£) and the rounding is to the nearest £.

2. Accounting policies

Basis of preparing the financial statements
The company meets its day to day working capital requirements through trading cash inflows and the continued support of the director. On this basis the director considers it appropriate to prepare the financial statements on a going concern basis. These financial statements do not include any adjustments that would arise from a deterioration in trading.

Turnover
Turnover represents room hire and bar income receivable for the period.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% Straight line
Computer equipment - 33% Straight line
Short leasehold improvements - 20% Straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


K. P. Spaces Ltd (Registered number: 11889870)

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

2. Accounting policies - continued
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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. Employees and directors

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

K. P. Spaces Ltd (Registered number: 11889870)

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

4. Tangible fixed assets
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
Cost
At 1 September 2023 31,105 8,951 1,402 41,458
Additions - 2,568 - 2,568
At 31 August 2024 31,105 11,519 1,402 44,026
Depreciation
At 1 September 2023 21,406 5,641 1,344 28,391
Charge for year 5,979 1,939 50 7,968
At 31 August 2024 27,385 7,580 1,394 36,359
Net book value
At 31 August 2024 3,720 3,939 8 7,667
At 31 August 2023 9,699 3,310 58 13,067

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 775 135
Other debtors 1,849 -
2,624 135

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 1,606 1,570
Taxation and social security 1,140 494
Other creditors 27,749 22,219
30,495 24,283

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 1,094 2,700

K. P. Spaces Ltd (Registered number: 11889870)

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

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. Related party disclosures

Creditors include a balance of £24,907 (2023: £19,931) owed to the director.