Company registration number 04375174 (England and Wales)
7 KBW LIMITED
A COMPANY LIMITED BY GUARANTEE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
7 KBW LIMITED
A COMPANY LIMITED BY GUARANTEE
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
7 KBW LIMITED
A COMPANY LIMITED BY GUARANTEE
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
42,654
11,443
Current assets
Debtors
5
607,206
621,997
Cash at bank and in hand
764,326
661,446
1,371,532
1,283,443
Creditors: amounts falling due within one year
6
(922,405)
(846,604)
Net current assets
449,127
436,839
Total assets less current liabilities
491,781
448,282
Reserves
Profit and loss reserves
491,781
448,282

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

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

The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
G. S. J. Kealey K.C.
Director
Company Registration No. 04375174
7 KBW LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 2 -
1
Accounting policies
Company information

7 KBW Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 7 Kings Bench Walk, Temple, London, EC4Y 7DS.

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 on the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents service charges, excluding value added tax, receivable from members during the year. Income is recognised over the period in which the services are provided.

1.3
Tangible fixed assets

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

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

Leasehold improvements
Over the period of the lease
Fixtures, fittings & equipment
10-25% straight line basis
Computer equipment
25% straight line basis

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
Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability of another entity. They are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

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

Basic financial assets

Basic financial assets, which include trade debtors and cash and bank balances, are initially measured at the t ransaction price including transaction costs.

Financial assets are assessed for indicators of impairment at each reporting date.

Basic financial liabilities

Basic financial liabilities, including trade creditors are initially recognised at the transaction price.

7 KBW LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons employed by the company during the year was:

2025
2024
Number
Number
Total
19
18
3
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
34,100
4,000
Adjustments in respect of prior periods
(3)
43
Total current tax
34,097
4,043
7 KBW LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
3
Taxation
(Continued)
- 4 -
Deferred tax
Origination and reversal of timing differences
-
0
(4,000)
Total tax charge
34,097
43
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2024
50,209
560,646
610,855
Additions
-
0
53,192
53,192
Disposals
-
0
(144,656)
(144,656)
At 28 February 2025
50,209
469,182
519,391
Depreciation and impairment
At 1 March 2024
50,209
549,203
599,412
Depreciation charged in the year
-
0
21,981
21,981
Eliminated in respect of disposals
-
0
(144,656)
(144,656)
At 28 February 2025
50,209
426,528
476,737
Carrying amount
At 28 February 2025
-
0
42,654
42,654
At 29 February 2024
-
0
11,443
11,443
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
364,780
376,427
Other debtors
242,426
245,570
607,206
621,997
7 KBW LIMITED
A COMPANY LIMITED BY GUARANTEE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 5 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
492,752
421,717
Corporation tax
34,100
4,000
Other taxation and social security
320,356
280,820
Other creditors
75,197
140,067
922,405
846,604
7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
David Marks FCA
Statutory Auditor:
TC Group
Date of audit report:
5 November 2025
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