Kirkman Property Investments Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 04551241 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

KIRKMAN PROPERTY

INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I J S Kirkman

SECRETARY:

Mrs FJ Kirkman

REGISTERED OFFICE:

Granville Hall

Granville Road

Leicester

Leicestershire

LE1 7RU

REGISTERED NUMBER:

04551241 (England and Wales)

FIXED ASSETS

Tangible assets

4

-

1,489

Investment property

5

489,770

416,832

489,770

418,321

CURRENT ASSETS

Cash at bank

27

27

CREDITORS

Amounts falling due within one year

6

440,278

406,302

NET CURRENT LIABILITIES

(440,251

)

(406,275

)

TOTAL ASSETS LESS CURRENT LIABILITIES

49,519

12,046

CAPITAL AND RESERVES

Called up share capital

245,016

245,017

Fair value reserve

7

33,838

-

Retained earnings

7

(229,335

)

(232,971

)

SHAREHOLDERS' FUNDS

49,519

12,046

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 June 2023 and were signed by:

Mr I J S Kirkman - Director

1.	STATUTORY INFORMATION

Kirkman Property Investments 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

10% on cost

Investment property

Investments

Current asset investments are stated at the lower of cost and net realisable value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

2,361

559

2,920

DEPRECIATION

At 1 April 2022

1,291

140

1,431

Charge for year

1,070

419

1,489

At 31 March 2023

2,361

559

2,920

NET BOOK VALUE

At 31 March 2023

-

-

-

At 31 March 2022

1,070

419

1,489

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

416,832

Additions

39,100

Revaluations

33,838

At 31 March 2023

489,770

NET BOOK VALUE

At 31 March 2023

489,770

At 31 March 2022

416,832

During the year, the investment properties were revalued by the directors to the estimated market value.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Other creditors

440,278

406,302

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2022

(232,971

)

-

(232,971

)

Profit for the year

37,474

37,474

Transfer to other reserves

(33,838

)

33,838

-

At 31 March 2023

(229,335

)

33,838

(195,497

)