KGS Property Consultants Limited - Accounts to registrar (filleted) - small 18.1

KGS PROPERTY CONSULTANTS LIMITED - Company Information

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REGISTERED NUMBER: 06579091 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

KGS PROPERTY CONSULTANTS LIMITED

Page

Company Information

Balance Sheet

Notes to the Financial Statements

DIRECTORS:

Mrs K G Sinclair

R P Sinclair

SECRETARY:

R P Sinclair

REGISTERED OFFICE:

23 High Street

Bromley

Kent

BR1 1LG

REGISTERED NUMBER:

06579091 (England and Wales)

ACCOUNTANTS:

Sargeant Partnership

Chartered Accountants

5 White Oak Square

London Road

Swanley

Kent

BR8 7AG

FIXED ASSETS

Tangible assets

19,626

CURRENT ASSETS

Debtors

2,523

45,206

Cash at bank

4,614

357

7,137

45,563

CREDITORS

Amounts falling due within one year

2,627

2,977

NET CURRENT ASSETS

4,510

42,586

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,510

62,212

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

4,410

62,112

SHAREHOLDERS' FUNDS

4,510

62,212

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 28 June 2018 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets

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

Fixtures and fittings

25% per annum on reducing balance

Computer equipment

25% per annum on reducing balance

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 NIL.

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

and

Computer

leasehold

fittings

equipment

Totals

COST

At 1 October 2016

18,705

550

2,817

22,072

Disposals

(550

)

(2,817

)

(3,367

)

Impairments

(18,705

)

(18,705

)

At 30 September 2017

DEPRECIATION

At 1 October 2016

534

1,912

2,446

Eliminated on disposal

(534

)

(1,912

)

(2,446

)

At 30 September 2017

NET BOOK VALUE

At 30 September 2017

At 30 September 2016

18,705

905

19,626

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Other debtors

2,523

45,206

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

Other creditors

2,627

2,977

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

100

Ordinary

£1

100

RESERVES

Retained

earnings

At 1 October 2016

62,112

Deficit for the year

(57,702

)

At 30 September 2017

4,410

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end date the director K Sinclair owed the company £2,023 (2017: £2,477).

No dividends were paid in the year.

10.	RELATED PARTY DISCLOSURES

KGS Property Consultants Limited owe £1,627 (2017: £3,373) to Sinclair Hammelton, a company

that Kathryn Sinclair and Russell Sinclair are both Directors of.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R P Sinclair.

12.	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.