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REGISTERED NUMBER: 07777018 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

KSLO LIMITED

KSLO LIMITED (REGISTERED NUMBER: 07777018)






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 4


KSLO LIMITED

Company Information
for the year ended 30 September 2024







DIRECTORS: K J Gerring
S M Gerring
O J Gerring
L J Gerring





REGISTERED OFFICE: 29 Upland Park Road
Oxford
OX2 7RU





REGISTERED NUMBER: 07777018 (England and Wales)





ACCOUNTANTS: K J Pittalis and Partners LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

KSLO LIMITED (REGISTERED NUMBER: 07777018)

Statement of Financial Position
30 September 2024

30/9/24 30/9/23
Notes £    £   
FIXED ASSETS
Investment property 4 425,000 425,000

CURRENT ASSETS
Cash at bank 35,801 49,017

CREDITORS
Amounts falling due within one year 5 (6,219 ) (6,238 )
NET CURRENT ASSETS 29,582 42,779
TOTAL ASSETS LESS CURRENT
LIABILITIES

454,582

467,779

CREDITORS
Amounts falling due after more than one
year

6

(266,606

)

(291,606

)

PROVISIONS FOR LIABILITIES 7 (18,727 ) (18,727 )
NET ASSETS 169,249 157,446

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserves 78,852 78,852
Retained earnings 90,297 78,494
SHAREHOLDERS' FUNDS 169,249 157,446

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.

KSLO LIMITED (REGISTERED NUMBER: 07777018)

Statement of Financial Position - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 June 2025 and were signed on its behalf by:





K J Gerring - Director


KSLO LIMITED (REGISTERED NUMBER: 07777018)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

KSLO 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.

Significant judgements and estimates
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

Turnover
Turnover represents rents receivable from the investment properties owned by company. Rents are recognised up to the year end date.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis is measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or less in the period in which they arise.

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 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.

KSLO LIMITED (REGISTERED NUMBER: 07777018)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 425,000
NET BOOK VALUE
At 30 September 2024 425,000
At 30 September 2023 425,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2015 98,565
Valuation in 2021 326,435
425,000

If Investment cost had not been revalued it would have been included at the following historical cost:

30/9/24 30/9/23
£    £   
Cost 326,435 326,435

Investment property was valued on an open market basis on 30 September 2024 by the directors .

KSLO LIMITED (REGISTERED NUMBER: 07777018)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors 1,650 1,650
Taxation and social security 2,769 2,788
Other creditors 1,800 1,800
6,219 6,238

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/9/24 30/9/23
£    £   
Other creditors 266,606 291,606

7. PROVISIONS FOR LIABILITIES
30/9/24 30/9/23
£    £   
Deferred tax 18,727 18,727

Deferred Other
tax provisions
£    £   
Balance at 1 October 2023 18,727 (18,727 )
Balance at 30 September 2024 18,727 (18,727 )

8. RELATED PARTY DISCLOSURES

At the year end the company owed its director £8,606.

Other creditors of £258,000 relates to funds owed to the shareholders.

9. ULTIMATE CONTROLLING PARTY

The director controls the company by virtue of his family's direct interest in the whole of the issued share capital.