REGISTERED NUMBER: 08433290 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Kin Partners Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Iqbal

Paradigm Professional Services Ltd

REGISTERED OFFICE:

16 Berkeley Street

London

W1J 8DZ

REGISTERED NUMBER:

08433290 (England and Wales)

ACCOUNTANTS:

TC Group

First Floor

Spitalfields House

Stirling Way

Borehamwood

Hertfordshire

WD6 2FX

FIXED ASSETS

Intangible assets

4

1,049

1,574

Tangible assets

5

15,093

14,895

Investments

6

2,997

2,997

19,139

19,466

CURRENT ASSETS

Debtors

7

3,325,939

2,631,523

Cash at bank and in hand

719,634

17,883

4,045,573

2,649,406

CREDITORS

Amounts falling due within one year

8

(2,400,114

)

(1,494,848

)

NET CURRENT ASSETS

1,645,459

1,154,558

TOTAL ASSETS LESS CURRENT LIABILITIES

1,664,598

1,174,024

CREDITORS

Amounts falling due after more than one year

9

(8,420,144

)

(8,412,664

)

PROVISIONS FOR LIABILITIES

(146,919

)

(14,869

)

NET LIABILITIES

(6,902,465

)

(7,253,509

)

CAPITAL AND RESERVES

Called up share capital

10

101

101

Retained earnings

(6,902,566

)

(7,253,610

)

SHAREHOLDERS' FUNDS

(6,902,465

)

(7,253,509

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 17 December 2025 and were signed on its behalf by:

F Iqbal - Director

1.	STATUTORY INFORMATION

Kin Partners Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Cash and cash equivalents

Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value.

Preparation of consolidated financial statements

The financial statements contain information about Kin Partners Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended.

The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Short leasehold - Over 10 years

Computer equipment - Over 3 years

The company has adopted the policy of not depreciating the assets in the first year, however full depreciation is provided in the year of disposal.

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 balance sheet 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 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 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.

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 creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

1,574

AMORTISATION

Charge for year

525

At 31 December 2024

525

NET BOOK VALUE

At 31 December 2024

1,049

At 31 December 2023

1,574

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

20,968

64,874

85,842

Additions

-

7,356

7,356

At 31 December 2024

20,968

72,230

93,198

DEPRECIATION

At 1 January 2024

13,978

56,969

70,947

Charge for year

2,097

5,061

7,158

At 31 December 2024

16,075

62,030

78,105

NET BOOK VALUE

At 31 December 2024

4,893

10,200

15,093

At 31 December 2023

6,990

7,905

14,895

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

2,997

NET BOOK VALUE

At 31 December 2024

2,997

At 31 December 2023

2,997

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

251,225

938,003

Amounts owed by group undertakings

1,478,902

1,043,554

Other debtors

1,595,812

649,966

3,325,939

2,631,523

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

2,323,618

1,195,402

Amounts owed to group undertakings

4,500

69,258

Taxation and social security

38,080

62,296

Other creditors

33,916

167,892

2,400,114

1,494,848

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Other creditors

8,420,144

8,412,664

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

8,420,144

8,412,664

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

100

A

£1

100

100

1

Preference

£1

1

1

101

101

11.	RELATED PARTY DISCLOSURES

Included in the other debtors is an amount of £1,478,902 (2023: £1,043,554) due from the connected companies with common directorship and shareholdings. Interest at the rate of 6% has been charged on the balance.

Included in the other creditors is an amount of £4,500 (2023: £69,258) due to the connected companies with common directorship and shareholdings.Interest at the rate of 6% has been charged on the balance.