Company Registration No. 12926086 (England and Wales)
K&SS Properties Ltd
Unaudited accounts
for the year ended 31 October 2023
K&SS Properties Ltd
Unaudited accounts
Contents
K&SS Properties Ltd
Company Information
for the year ended 31 October 2023
Company Number
12926086 (England and Wales)
Registered Office
80 Navarre Gardens
Romford
RM5 2HL
England
K&SS Properties Ltd
Statement of financial position
as at 31 October 2023
Investment property
144,362
144,362
Cash at bank and in hand
2,050
4,971
Creditors: amounts falling due within one year
(6,050)
(6,643)
Net current liabilities
(4,000)
(1,672)
Total assets less current liabilities
140,362
142,690
Creditors: amounts falling due after more than one year
(139,762)
(139,762)
Called up share capital
1
1
Profit and loss account
599
2,927
Shareholders' funds
600
2,928
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 March 2024 and were signed on its behalf by
Kashif Shamim
Director
Company Registration No. 12926086
K&SS Properties Ltd
Notes to the Accounts
for the year ended 31 October 2023
K&SS Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12926086. The registered office is 80 Navarre Gardens, Romford, RM5 2HL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover represents rents receivables. Turnover is recognised in the profit and loss account in the period it relates to.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Fair value at 1 November 2022
144,362
At 31 October 2023
144,362
The investment property valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties.
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
592
Loans from directors
5,630
5,631
K&SS Properties Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
139,762
139,762
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
