K.G.S.A. LIMITED - Filleted accounts

Registered number

09691504

K.G.S.A. LIMITED

Filleted Accounts

31 January 2026

K.G.S.A. LIMITED
Registered number:		09691504
Balance Sheet
as at 31 January 2026

Notes			2026			2024
£				£
Fixed assets
Tangible assets	3		1,650,000			2,316,818

Current assets
Debtors	4	1,607			1,107
Cash at bank and in hand		502			2,279
		2,109			3,386

Creditors: amounts falling due within one year	5	(151,239)			(336,391)

Net current liabilities			(149,130)			(333,005)

Total assets less current liabilities			1,500,870			1,983,813

Creditors: amounts falling due after more than one year	6		(1,322,569)			(1,570,076)

Provisions for liabilities			(138,428)			(174,589)


Net assets			39,873			239,148

Capital and reserves
Revaluation reserve	8		704,768			841,251
Retained earnings			36,483			-
Profit and loss account			(701,378)			(602,103)

Shareholders' funds			39,873			239,148

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr R H Glynne
Director
Approved by the board on 29 October 2026

K.G.S.A. LIMITED
Notes to the Accounts
for the period from 1 August 2024 to 31 January 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2024
Number					Number

	Average number of persons employed by the company			1		0


3	Tangible fixed assets
		Land and buildings		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2024	2,300,000		16,818		2,316,818
	Surplus on revaluation	(100,000)		-		(100,000)
	Disposals	(550,000)		(16,818)		(566,818)
	At 31 January 2026	1,650,000		-		1,650,000

	Depreciation
	At 31 January 2026	-		-		-


	Net book value
	At 31 January 2026	1,650,000		-		1,650,000
	At 31 July 2024	2,300,000		16,818		2,316,818


4	Debtors			2026		2024
£					£

	Trade debtors			1,000		1,000
	Other debtors			607		107
				1,607		1,107


5	Creditors: amounts falling due within one year			2026		2024
£					£

	Trade creditors			48,990		65,808
	Taxation and social security costs			3,126		-
	Other creditors			99,123		270,583
				151,239		336,391


6	Creditors: amounts falling due after one year			2026		2024
£					£

	Bank loans			1,322,569		1,570,076


7	Loans			2026		2024
£					£
	Creditors include:

	Secured bank loans			1,322,569		1,570,076

	The bank facilities are secured by a fixed and floating charge over the company's assets and undertakings.


8	Revaluation reserve			2026		2024
£					£

	At 1 August 2024			841,251		841,251
	Loss on revaluation of land and buildings			(136,483)		-

	At 31 January 2026			704,768		841,251


9	Controlling party

	The company was under the control of Mr R H Glynne throughout the period by virtue of the fact that he owned 100% of the issued share capital.


10	Other information

	K.G.S.A. LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	36A Goodmays Road
	Ilford
	Essex
	IG3 9UR