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REGISTERED NUMBER: 06837530 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

KGB Limited

KGB Limited (Registered number: 06837530)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


KGB Limited (Registered number: 06837530)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £ £
Fixed assets
Tangible assets 4 228,442 214,045
Investments 5 7,084 7,084
235,526 221,129

Current assets
Debtors 6 74,164 56,997
Cash at bank 2,187 2,767
76,351 59,764
Creditors
Amounts falling due within one year 7 (58,897 ) (57,505 )
Net current assets 17,454 2,259
Total assets less current liabilities 252,980 223,388

Creditors
Amounts falling due after more than one
year

8

(150,648

)

(189,949

)
Net assets 102,332 33,439

Capital and reserves
Called up share capital 6,100 6,100
Retained earnings 96,232 27,339
102,332 33,439

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.

KGB Limited (Registered number: 06837530)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mr T J Brown - Director


KGB Limited (Registered number: 06837530)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Given the straightforward operations and financial position of the company, there are not considered to be any key sources of judgement or estimation uncertainty within these financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

KGB Limited (Registered number: 06837530)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

3. Employees and directors

The average number of employees during the year was 2 (2024 - 2 ) .

KGB Limited (Registered number: 06837530)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


4. Tangible fixed assets
Freehold
property
£
Cost
At 1 April 2024 214,045
Additions 14,397
At 31 March 2025 228,442
Net book value
At 31 March 2025 228,442
At 31 March 2024 214,045

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2024
and 31 March 2025 7,084
Net book value
At 31 March 2025 7,084
At 31 March 2024 7,084

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£ £
Amounts owed by group undertakings 74,164 56,997

7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£ £
Bank loans and overdrafts 36,575 33,850
Taxation and social security 4,617 -
Other creditors 17,705 23,655
58,897 57,505

8. Creditors: amounts falling due after more than one year
31.3.25 31.3.24
£ £
Bank loans 150,648 189,949