IRIS Accounts Production v25.1.4.42 04205389 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh042053892024-03-31042053892025-03-31042053892024-04-012025-03-31042053892023-03-31042053892023-04-012024-03-31042053892024-03-3104205389ns15:EnglandWales2024-04-012025-03-3104205389ns14:PoundSterling2024-04-012025-03-3104205389ns10:Director12024-04-012025-03-3104205389ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3104205389ns10:SmallEntities2024-04-012025-03-3104205389ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3104205389ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3104205389ns10:FullAccounts2024-04-012025-03-310420538912024-04-012025-03-3104205389ns10:Director32024-04-012025-03-3104205389ns10:CompanySecretary12024-04-012025-03-3104205389ns10:RegisteredOffice2024-04-012025-03-3104205389ns5:CurrentFinancialInstruments2025-03-3104205389ns5:CurrentFinancialInstruments2024-03-3104205389ns5:ShareCapital2025-03-3104205389ns5:ShareCapital2024-03-3104205389ns5:CapitalRedemptionReserve2025-03-3104205389ns5:CapitalRedemptionReserve2024-03-3104205389ns5:RetainedEarningsAccumulatedLosses2025-03-3104205389ns5:RetainedEarningsAccumulatedLosses2024-03-3104205389ns5:NetGoodwill2024-04-012025-03-3104205389ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3104205389ns5:NetGoodwill2024-03-3104205389ns5:NetGoodwill2025-03-3104205389ns5:NetGoodwill2024-03-3104205389ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3104205389ns5:FurnitureFittings2024-03-3104205389ns5:ComputerEquipment2024-03-3104205389ns5:LandBuildingsns5:ShortLeaseholdAssets2024-04-012025-03-3104205389ns5:FurnitureFittings2024-04-012025-03-3104205389ns5:ComputerEquipment2024-04-012025-03-3104205389ns5:LandBuildingsns5:ShortLeaseholdAssets2025-03-3104205389ns5:FurnitureFittings2025-03-3104205389ns5:ComputerEquipment2025-03-3104205389ns5:LandBuildingsns5:ShortLeaseholdAssets2024-03-3104205389ns5:FurnitureFittings2024-03-3104205389ns5:ComputerEquipment2024-03-3104205389ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3104205389ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: 04205389 (England and Wales)















KOUNNIS AND PARTNERS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025






KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KOUNNIS AND PARTNERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: Mr D K Kounnis
Mr A Y Kounnis





SECRETARY: Mr A Y Kounnis





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 04205389 (England and Wales)





ACCOUNTANTS: Kounnis And Partners Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,203 43,951
40,203 43,951

CURRENT ASSETS
Debtors 6 321,352 528,389
Cash at bank and in hand 904,059 622,739
1,225,411 1,151,128
CREDITORS
Amounts falling due within one year 7 (255,319 ) (375,111 )
NET CURRENT ASSETS 970,092 776,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,010,295

819,968

CAPITAL AND RESERVES
Called up share capital 33,340 50,007
Capital redemption reserve 16,667 -
Retained earnings 960,288 769,961
SHAREHOLDERS' FUNDS 1,010,295 819,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

BALANCE SHEET - continued
31 MARCH 2025


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 7 May 2025 and were signed on its behalf by:





Mr D K Kounnis - Director


KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025


1. STATUTORY INFORMATION

Kounnis And Partners 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.

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.

Turnover
Turnover represents the fair value of consideration received or receivable from clients for services, net of discounts, VAT and other sales-related taxes.

Turnover is recognised as follows.

Provision of Fees receivable and commission receivable and net trading income are recognised in the accounting period in which the services are provided. This recognition is made by reference to when there is a right to consideration from the extent of the performance of contractual obligations and the agreed level of fees for the services. Where fees and commissions receivable are recognised in advance of the client being billed they are included as amounts recoverable on contracts. Provision is made for all foreseeable future losses. Where fees paid on account exceed the value of work performed, they are included in debtors: amounts falling due within one year as 'trade debtors'. Fees and commissions receivable and net trading income in respect of contingent fee arrangements (over and above any agreed minimum fee) are only recognised when the contingent events occur and collectability of the fees is assured.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of practices, are being written off evenly over their estimated useful lives.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the assets over its estimated useful life:

Leasehold property and improvements- over the period of the leases
Fixtures and fittings- 10% 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.


KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024 1,946,851
Disposals (1,541,501 )
At 31 March 2025 405,350
AMORTISATION
At 1 April 2024 1,946,851
Eliminated on disposal (1,541,501 )
At 31 March 2025 405,350
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

KOUNNIS AND PARTNERS LIMITED (REGISTERED NUMBER: 04205389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Leasehold
property Fixtures
and and Computer
improvements fittings equipment Totals
£    £    £    £   
COST
At 1 April 2024 243,696 369,672 133,011 746,379
Additions - - 6,609 6,609
At 31 March 2025 243,696 369,672 139,620 752,988
DEPRECIATION
At 1 April 2024 199,745 369,672 133,011 702,428
Charge for year 8,705 - 1,652 10,357
At 31 March 2025 208,450 369,672 134,663 712,785
NET BOOK VALUE
At 31 March 2025 35,246 - 4,957 40,203
At 31 March 2024 43,951 - - 43,951

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 122,349 422,058
Other debtors 93,779 -
Prepayments 105,224 106,331
321,352 528,389

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 53,248 45,208
Taxation and social security 15,736 166,806
Other creditors 186,335 163,097
255,319 375,111

8. ULTIMATE CONTROLLING PARTY

Due to the share structure, there is no overall control by any one party.