|
K & K Property Holdings Ltd |
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Registered number: |
10680887 |
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Abridged Balance Sheet |
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as at 31 March 2022 |
|
| Notes |
|
2022 |
|
2021 |
|
|
|
|
£ |
£ |
|
£ |
£ |
|
Current assets |
|
Debtors |
3 |
|
108,604 |
|
|
108,604 |
|
Investments held as current assets |
4 |
|
305,126 |
|
|
305,126 |
|
Cash at bank and in hand |
|
|
54,424 |
|
|
60,359 |
|
|
|
|
468,154 |
|
|
474,089 |
|
|
Creditors: amounts falling due within one year |
|
|
(20,321) |
|
|
(18,906) |
|
|
|
|
|
|
|
|
|
Net current assets |
|
|
|
447,833 |
|
|
455,183 |
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities |
|
|
|
447,833 |
|
|
455,183 |
|
|
Creditors: amounts falling due after more than one year |
|
|
|
(441,536) |
|
|
(451,217) |
|
|
|
|
|
|
|
|
|
|
Net assets |
|
|
|
6,297 |
|
|
3,966 |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
Called up share capital |
|
|
|
100 |
|
|
100 |
|
Profit and loss account |
|
|
|
6,197 |
|
|
3,866 |
|
|
|
|
|
|
|
|
|
|
Shareholders' funds |
|
|
|
6,297 |
|
|
3,966 |
|
|
|
|
|
|
|
|
|
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The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
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The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
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The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006. |
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|
|
Kishor Gokani |
|
Director |
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Approved by the board on 8 December 2022 |
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|
K & K Property Holdings Ltd |
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Notes to the Abridged Accounts |
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for the year ended 31 March 2022 |
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|
|
1 |
Accounting policies |
|
|
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Basis of preparation |
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The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
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Taxation |
|
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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|
|
|
|
|
|
2022 |
|
2021 |
|
2 |
Employees |
Number |
|
Number |
|
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
|
3 |
Debtors |
2022 |
|
2021 |
| £ |
£ |
|
|
|
Deposits on property purchases |
108,604 |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
4 |
Investments held as current assets |
£ |
|
£ |
|
|
|
Freehold residentail property - at cost |
305,126 |
|
305,126 |
|
|
|
|
|
|
|
|
|
|
|
5 |
Loans |
£ |
|
£ |
|
|
|
Creditors include: |
|
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Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
(198,142) |
|
(198,142) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Secured bank loans |
(198,142) |
|
(198,142) |
|
|
|
|
|
|
|
|
|
|
|
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The mortgage is secured on freehold property of the Company. |
|
|
6 |
Capital commitments |
£ |
|
£ |
|
|
|
Amounts contracted for but not provided in the accounts |
376,436 |
|
376,436 |
|
|
|
|
|
|
|
|
|
|
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7 |
Related party transactions |
|
|
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The Company has received loans from BR Flooring Ltd, a company which is controlled by the Directors. There are no specific terms of repayment and interest is not charged. The balance at the year/period end was: |
|
(210,168) |
|
(160,168) |
|
|
|
|
|
|
|
|
|
|
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8 |
Controlling party |
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The Company is controlled by the Directors who between them hold all shares in the Company. |
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9 |
Other information |
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K & K Property Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is: 2B Fairway Petts Wood Orpington Kent UK BR5 1EG. |
