Company Registration No. 09791527 (England and Wales)
KXC FACILITIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KXC FACILITIES LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,924
2,420
Current assets
Debtors
4
5,622
1,008
Cash at bank and in hand
12,973
18,844
18,595
19,852
Creditors: amounts falling due within one year
5
(19,148)
(20,405)
Net current liabilities
(553)
(553)
Net assets
1,371
1,867
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
1,370
1,866
Total equity
1,371
1,867

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KXC FACILITIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
2
The financial statements were approved by the board of directors and authorised for issue on 12 September 2025 and are signed on its behalf by:
Mr R Spens
Director
Company registration number 09791527 (England and Wales)
KXC FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
3
1
Accounting policies
Company information

KXC Facilities Limited is a private company limited by shares incorporated in England and Wales. The registered office is 242 Pentonville Road, London, N1 9NG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% or 25% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

KXC FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies (Continued)
4
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loan s and loans from fellow group companies, are initially recognised at transaction price and are subsequently carried at amortised cost using the effective interest method. Financial liabilities classified as payable within one year are not amortised.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
KXC FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
5,082
Disposals
(2,601)
At 31 December 2024
2,481
Depreciation and impairment
At 1 January 2024
2,662
Depreciation charged in the year
496
Eliminated in respect of disposals
(2,601)
At 31 December 2024
557
Carrying amount
At 31 December 2024
1,924
At 31 December 2023
2,420
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,420
1,008
Other debtors
202
-
0
5,622
1,008
KXC FACILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
6
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
179
-
0
Other taxation and social security
7,822
907
Other creditors
11,147
19,498
19,148
20,405
6
Related party transactions

The company is controlled by Kings Cross Church (company number: 07416629) and all profits are donated up to the parent charitable company. As at 31 December 20 24 the company owed £2,021 (20 23: £11,948) to Kings Cross Church.

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