Company registration number 13505540 (England and Wales)
K G L G Holdings Limited
Unaudited financial statements
For the year ended 31 May 2025
K G L G Holdings Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
K G L G Holdings Limited
Statement of financial position
As at 31 May 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investments
3
15
15
Current assets
Debtors
4
1,224,302
5,131
Investments
5
107,310
104,874
Cash at bank and in hand
825,255
817,026
2,156,867
927,031
Creditors: amounts falling due within one year
6
-
(25,538)
Net current assets
2,156,867
901,493
Net assets
2,156,882
901,508
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,156,782
901,408
Total equity
2,156,882
901,508

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 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.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 September 2025 and are signed on its behalf by:
Mr K G Gill
Director
Company registration number 13505540 (England and Wales)
K G L G Holdings Limited
Notes to the financial statements
For the year ended 31 May 2025
- 2 -
1
Accounting policies
Company information

K G L G Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 12, Rother Court, Mangham Road, Rotherham, South Yorkshire, S62 6DR.

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
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

K G L G Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

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 company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average number of persons employed by the company during the year was Nil (2024 - Nil).

3
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
15
15
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,161,922
-
0
Other debtors
62,380
5,131
1,224,302
5,131
5
Current asset investments
2025
2024
£
£
Other investments
107,310
104,874

Other investments are measured at fair value based on the stock market price at the year end date.

K G L G Holdings Limited
Notes to the financial statements (continued)
For the year ended 31 May 2025
- 4 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
-
0
25,538
7
Directors' transactions

The advance is unsecured, repayable on demand and interest is charged at HMRC's official rate of interest per annum, where the balance exceeds £10,000.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Directors loan account
2.25
5,131
61,545
835
(5,131)
62,380
5,131
61,545
835
(5,131)
62,380
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