KPL 22 DK Street Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07548759 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

KPL 22 DK STREET LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Harfield

Ms C A Kartal

REGISTERED OFFICE:

Unit 62

Enfield Industrial Estate

Redditch

Worcestershire

B97 6DE

REGISTERED NUMBER:

07548759 (England and Wales)

ACCOUNTANTS:

Burman & Co

Brunswick House

Birmingham Road

Redditch

Worcestershire

B97 6DY

FIXED ASSETS

Tangible assets

4

772

1,030

Investment property

5

700,000

700,000

700,772

701,030

CURRENT ASSETS

Debtors

1,444

-

Cash at bank and in hand

66,838

42,152

68,282

42,152

CREDITORS

Amounts falling due within one year

21,275

14,618

NET CURRENT ASSETS

47,007

27,534

TOTAL ASSETS LESS CURRENT LIABILITIES

747,779

728,564

PROVISIONS FOR LIABILITIES

41,918

41,967

NET ASSETS

705,861

686,597

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

449,900

449,900

Retained earnings

255,761

236,497

SHAREHOLDERS' FUNDS

705,861

686,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 August 2022 and were signed on its behalf by:

M J Harfield - Director

1.	STATUTORY INFORMATION

KPL 22 DK Street 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.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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 NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2021

and 31 March 2022

1,832

DEPRECIATION

At 1 April 2021

802

Charge for year

258

At 31 March 2022

1,060

NET BOOK VALUE

At 31 March 2022

772

At 31 March 2021

1,030

5.	INVESTMENT PROPERTY

The fair value of the investment property has been determined by the directors, based upon their knowledge of comparable properties.

Fair value at 31 March 2022 is represented by:

£

Valuation in 2020

225,000

Valuation in 2021

25,000

Cost

450,000

700,000

6.	ULTIMATE CONTROLLING PARTY