KGS Property Consultants Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06579091 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

KGS PROPERTY CONSULTANTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs K G Sinclair

R P Sinclair

SECRETARY:

R P Sinclair

REGISTERED OFFICE:

Fairways

Jackass Lane

Keston

Kent

BR2 6AN

REGISTERED NUMBER:

06579091 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

CURRENT ASSETS

Cash at bank

4,588

5,905

CREDITORS

Amounts falling due within one year

4

3,669

3,845

NET CURRENT ASSETS

919

2,060

TOTAL ASSETS LESS CURRENT LIABILITIES

919

2,060

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

6

819

1,960

SHAREHOLDERS' FUNDS

919

2,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 30 June 2020 and were signed on its behalf by:

R P Sinclair - Director

1.	STATUTORY INFORMATION

KGS Property Consultants Limited 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.

These financial statements for the year ended 30/09/2017 are the first financial statements that comply

with FRS 102 Section 1A small entities. The date of transition is 01/10/2016.

The transition to FRS 102 Section 1A small entities has resulted in a small number of changes in

accounting policies to those used previously.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

600

-

Taxation and social security

253

-

Other creditors

2,816

3,845

3,669

3,845

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Retained

earnings

£

At 1 October 2018

1,960

Deficit for the year

(1,141

)

At 30 September 2019

819

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date the company owed K Sinclair £1,108 (2018 Nil) and R Sinclair £1,108 (2018

Nil).

No dividends were paid in the year.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R P Sinclair.

9.	GOING CONCERN

The company continues to have the full support of the directors and the long term plan is to

commence trading again in the future. It is therefore appropriate for the company to be considered a

Going Concern for at least the next twelve months.