KJW Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10299503 (England and Wales)

KJW PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

K J Wright

Mrs H E Wright

REGISTERED OFFICE:

42 High Street

Flitwick

Bedfordshire

MK45 1DU

REGISTERED NUMBER:

10299503 (England and Wales)

ACCOUNTANTS:

Fortus Midlands Limited

1 Rushmills

Bedford Road

Northampton

Northamptonshire

NN4 7YB

FIXED ASSETS

Investment property

4

2,428,836

1,814,343

CURRENT ASSETS

Cash at bank

2,652

47,596

CREDITORS

Amounts falling due within one year

5

2,212,060

1,623,609

NET CURRENT LIABILITIES

(2,209,408

)

(1,576,013

)

TOTAL ASSETS LESS CURRENT LIABILITIES

219,428

238,330

PROVISIONS FOR LIABILITIES

47,474

47,474

NET ASSETS

171,954

190,856

CAPITAL AND RESERVES

Called up share capital

6

4

4

Retained earnings

171,950

190,852

171,954

190,856

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 22 July 2020 and were signed on its behalf by:

Mrs H E Wright - Director

1.	STATUTORY INFORMATION

KJW Properties 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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2018

1,814,343

Additions

614,493

At 30 September 2019

2,428,836

NET BOOK VALUE

At 30 September 2019

2,428,836

At 30 September 2018

1,814,343

Fair value at 30 September 2019 is represented by:

£

Valuation in 2017

249,868

Cost

2,178,968

2,428,836

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to associates

2,206,823

1,621,809

Tax

1,188

-

Directors' current accounts

2,250

-

Accrued expenses

1,799

1,800

2,212,060

1,623,609

6.	CALLED UP SHARE CAPITAL

The share capital for both the current and prior year consists of 1 £1 A Ordinary share, 1 £1 B Ordinary

share, 1 £1 C Ordinary share and 1 £1 D Ordinary share. The combined total share capital for both

years is £4.

7.	RELATED PARTY DISCLOSURES

Amounts due to associates £2,206,823 (2018 - £1,621,809) is payable to companies controlled by the

directors.

8.	ULTIMATE CONTROLLING PARTY

The controlling interest is held by the directors.