0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 214,943 214,943 214,943 xbrli:pure xbrli:shares iso4217:GBP 12901176 2023-10-01 2024-09-30 12901176 2024-09-30 12901176 2023-09-30 12901176 2022-10-01 2023-09-30 12901176 2023-09-30 12901176 2022-09-30 12901176 bus:Director1 2023-10-01 2024-09-30 12901176 core:AfterOneYear 2024-09-30 12901176 core:AfterOneYear 2023-09-30 12901176 core:WithinOneYear 2024-09-30 12901176 core:WithinOneYear 2023-09-30 12901176 core:ShareCapital 2024-09-30 12901176 core:ShareCapital 2023-09-30 12901176 core:RetainedEarningsAccumulatedLosses 2024-09-30 12901176 core:RetainedEarningsAccumulatedLosses 2023-09-30 12901176 core:LandBuildings core:LongLeaseholdAssets 2024-09-30 12901176 core:LandBuildings core:LongLeaseholdAssets 2023-09-30 12901176 bus:SmallEntities 2023-10-01 2024-09-30 12901176 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 12901176 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12901176 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12901176 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 12901176
K S P PROPERTY LIMITED
Filleted Unaudited Financial Statements
30 September 2024
K S P PROPERTY LIMITED
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
4
214,943
214,943
Current assets
Cash at bank and in hand
4,117
3,657
Creditors: amounts falling due within one year
5
59,257
57,058
--------
--------
Net current liabilities
55,140
53,401
---------
---------
Total assets less current liabilities
159,803
161,542
Creditors: amounts falling due after more than one year
6
167,643
167,643
---------
---------
Net liabilities
( 7,840)
( 6,101)
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 7,940)
( 6,201)
-------
-------
Shareholders deficit
( 7,840)
( 6,101)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
K S P PROPERTY LIMITED
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 16 June 2025 , and are signed on behalf of the board by:
Mr P Selvarajah
Director
Company registration number: 12901176
K S P PROPERTY LIMITED
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 46 The Ridgeway, North Harrow, Harrow, Middlesex, HA2 7QN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As disclosed in the Statement of Financial Position on page 3, the company has a deficit of net assets. Of the creditors, £58,117 is owed to the director who has confirmed that no repayment would be demanded at least for the next twelve months. The director has considered the trading requirements of the company for the period exceeding twelve months from the date of this report. Having regard to the above therefore, it is the opinion of the director that the accounts be prepared on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
4. Tangible assets
Long leasehold property
£
Cost
At 1 October 2023 and 30 September 2024
214,943
---------
Depreciation
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
214,943
---------
At 30 September 2023
214,943
---------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
59,257
57,058
--------
--------
6. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
167,643
167,643
---------
---------
The bank loan is secured over the company's property by fixed charge and negative pledge.