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REGISTERED NUMBER: 15499417 (England and Wales)

Unaudited Financial Statements

for the Period 18th February 2024 to 28th February 2025

for

KGS ASSETS LTD

KGS ASSETS LTD (REGISTERED NUMBER: 15499417)

Contents of the Financial Statements

FOR THE PERIOD 18TH FEBRUARY 2024 TO 28TH FEBRUARY 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

KGS ASSETS LTD

Company Information

FOR THE PERIOD 18TH FEBRUARY 2024 TO 28TH FEBRUARY 2025

| DIRECTOR: | Mr. Sandeep Singh

| REGISTERED OFFICE: | Lg06, 1 Quality Court

| Chancery Lane

| London

| WC2A 1H

| REGISTERED NUMBER: | 15499417 (England and Wales)

KGS ASSETS LTD (REGISTERED NUMBER: 15499417)

Balance Sheet

28TH FEBRUARY 2025

£ |

| CURRENT ASSETS

| Cash in hand | 100 |  |

| TOTAL ASSETS LESS CURRENT LIABILITIES | 100 |  |

| CAPITAL AND RESERVES

| Called up share capital | 100 |  |

| SHAREHOLDERS' FUNDS | 100 |  |

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the period ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 28th February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13th February 2026 and were signed by:

Mr. Sandeep Singh - Director

KGS ASSETS LTD (REGISTERED NUMBER: 15499417)

Notes to the Financial Statements

FOR THE PERIOD 18TH FEBRUARY 2024 TO 28TH FEBRUARY 2025

1. | STATUTORY INFORMATION

| KGS ASSETS 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.

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.

| Financial instruments

| The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

| Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, 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. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| Cash and cash equivalents

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the period was NIL.