KCG Nelson Limited - Accounts

KCG Nelson Limited - Accounts

KCG NELSON LIMITED - Company Information

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Registered Number: 10926481
England and Wales

 

 

 

KCG NELSON LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

KCG Nelson Limited
Contents Page
For the year ended 30 September 2022
Director Krishnan Julian Satkumam
Registered Number 10926481
Registered Office 98 Godstone Road
Kenely
CR8 5AB
Accountants Krinvest Care Group
98 Godstone Road

Kenly
CR8 5AB
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 September 2022.
Principal activities
Principal activity of the company during the financial year was of Buying and selling of own real estate and Other letting and operating of own or leased real estate.
Director
The director who served the company throughout the year was as follows:
Krishnan Julian Satkumam
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Krishnan Julian Satkumam
Director

Date approved: 21 September 2023
2
 
 		 Notes
 		 2022
£		   2021
£
Turnover 38,862    32,675 
Gross profit 38,862    32,675 
Administrative expenses (19,716)   (8,518)
Operating profit 19,146    24,157 
Interest payable and similar charges (26,330)   (22,059)
Profit/(Loss) on ordinary activities before taxation (7,184)   2,098 
Tax on profit on ordinary activities 0    (399)
Profit/(Loss) for the financial year (7,184)   1,699 
 
3
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Tangible fixed assets 3 945,958    675,410 
945,958    675,410 
Current assets      
Debtors 4 13,593    11,378 
Cash at bank and in hand 1,006    50,270 
14,599    61,648 
Creditors: amount falling due within one year 5 (4,192)   (2,596)
Net current assets 10,407    59,052 
 
Total assets less current liabilities 956,365    734,462 
Creditors: amount falling due after more than one year 6 (958,500)   (729,413)
Net liabilities (2,135)   5,049 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (2,235)   4,949 
Shareholder's funds (2,135)   5,049 
 


For the year ended 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 21 September 2023 and were signed by:


-------------------------------
Krishnan Julian Satkumam
Director
4
  Preference share capital   Retained Earnings   Total
£ £ £
At 01 October 2020 100  3,250  3,350 
Profit for the year 1,699  1,699 
Total comprehensive income for the year -  1,699  1,699 
Total investments by and distributions to owners -  -  - 
At 30 September 2021 100  4,949  5,049 
At 01 October 2021 100  4,949  5,049 
Profit for the year (7,184) (7,184)
Total comprehensive income for the year -  (7,184) (7,184)
Total investments by and distributions to owners -  -  - 
At 30 September 2022 100  (2,235) (2,135)
5
General Information
KCG Nelson Limited is a private company, limited by shares, registered in England and Wales, registration number 10926481, registration address 98 Godstone Road , Kenely, CR8 5AB.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Preference shares
The company's preference shares are treated as a financial liability since they are subject to mandatory redemption for a fixed or determinable amount at a fixed or determinable time and are thus included in creditors in the statement of financial position rather than as part of the company's issued share capital.
2.

Average Number of employees

During the year the average number of employees was 0.
Average number of employees during the year was 0 (2021 : 0).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Total
  £   £
At 01 October 2021 675,410    675,410 
Additions 270,548    270,548 
Disposals -    - 
At 30 September 2022 945,958    945,958 
Depreciation
At 01 October 2021 -    - 
Charge for year -    - 
On disposals -    - 
At 30 September 2022 -    - 
Net book values
Closing balance as at 30 September 2022 945,958    945,958 
Opening balance as at 01 October 2021 675,410    675,410 


4.

Debtors: amounts falling due within one year

2022
£		   2021
£
Trade Debtors 2,075    253 
Prepayments & Accrued Income 11,518    11,125 
13,593    11,378 

5.

Creditors: amount falling due within one year

2022
£		   2021
£
Trade Creditors 3,793    2,197 
Corporation Tax 399    399 
4,192    2,596 

6.

Creditors: amount falling due after more than one year

2022
£		   2021
£
Bank Loans & Overdrafts 748,140    513,303 
Amounts Owed to Group Undertakings 115,099    99,099 
Directors' Loan Accounts 95,261    117,011 
958,500    729,413 

6