KSM Realty Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11733690 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

KSM REALTY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr K Singh

REGISTERED OFFICE:

24 Aspen Road

High Wycombe

HP10 9FA

REGISTERED NUMBER:

11733690 (England and Wales)

ACCOUNTANTS:

Richardson Jones

Chartered Accountants

Mercury House

19-21 Chapel Street

Marlow

Buckinghamshire

SL7 3HN

FIXED ASSETS

Tangible assets

4

8,204

9,845

CURRENT ASSETS

Debtors

5

126,800

206,142

Cash at bank

61

-

126,861

206,142

CREDITORS

Amounts falling due within one year

6

155,030

218,357

NET CURRENT LIABILITIES

(28,169

)

(12,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,965

)

(2,370

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

7

(19,967

)

(2,372

)

(19,965

)

(2,370

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 22nd September 2022 and were signed by:

Mr K Singh - Director

1.	STATUTORY INFORMATION

Ksm Realty 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.

Going concern

The company's principal Creditors who between them were owed £64,450 at the balance sheet date, have provided written confirmation of their willingness to provide continued financial support to the company as necessary for the foreseeable future, defined as at least 12 months from the date of signing the financial statements for the year ended 31 December 2021.

For this reason, the directors consider it appropriate to prepare these financial statements on a going concern basis.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

Straight line over 10 years

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Short

leasehold

£

COST

At 1st January 2021

and 31st December 2021

10,939

DEPRECIATION

At 1st January 2021

1,094

Charge for year

1,641

At 31st December 2021

2,735

NET BOOK VALUE

At 31st December 2021

8,204

At 31st December 2020

9,845

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Other debtors

56,800

48,000

VAT

-

19,142

Accrued income

50,000

119,000

Prepayments

20,000

20,000

126,800

206,142

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.21

31.12.20

£

£

Trade creditors

25,025

24,000

VAT

3,456

-

Other creditors

64,450

76,905

Directors' current accounts

40,056

115,569

Accrued expenses

22,043

1,883

155,030

218,357

7.

RESERVES

Retained

earnings

£

At 1st January 2021

(2,372

)

Deficit for the year

(17,595

)

At 31st December 2021

(19,967

)

8.	OTHER FINANCIAL COMMITMENTS

The company has future operating lease commitments of £80,000 per annum for the remainder of the lease which ends on the 3rd of April 2029.