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REGISTERED NUMBER: 08757737 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

KJS PROPERTY INVESTMENTS LIMITED

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KJS PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2021







DIRECTORS: Mrs K Patel
A D Patel



REGISTERED OFFICE: 2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR



REGISTERED NUMBER: 08757737 (England and Wales)



ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR



BANKERS: Virgin Money
Jubilee House
Gosforth
Newcastle upon Tyne
NE3 4PL

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

BALANCE SHEET
30 NOVEMBER 2021

2021 2020
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,070 8,838
Investment property 5 2,389,850 2,389,850
2,396,920 2,398,688

CURRENT ASSETS
Debtors 6 4,522 23,687
Cash at bank 14,217 18,207
18,739 41,894
CREDITORS
Amounts falling due within one year 7 (1,232,782 ) (1,266,628 )
NET CURRENT LIABILITIES (1,214,043 ) (1,224,734 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,182,877

1,173,954

CREDITORS
Amounts falling due after more than one
year

8

(959,493

)

(964,560

)

PROVISIONS FOR LIABILITIES 11 (35,163 ) (35,499 )
NET ASSETS 188,221 173,895

CAPITAL AND RESERVES
Called up share capital 12 4,000 4,000
Retained earnings 13 184,221 169,895
SHAREHOLDERS' FUNDS 188,221 173,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 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.

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

BALANCE SHEET - continued
30 NOVEMBER 2021


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 27 August 2022 and were signed on its behalf by:




Mrs K Patel - Director



A D Patel - Director


KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021


1. STATUTORY INFORMATION

KJS 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.

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 - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 December 2020
and 30 November 2021 13,546
DEPRECIATION
At 1 December 2020 4,708
Charge for year 1,768
At 30 November 2021 6,476
NET BOOK VALUE
At 30 November 2021 7,070
At 30 November 2020 8,838

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2020
and 30 November 2021 2,389,850
NET BOOK VALUE
At 30 November 2021 2,389,850
At 30 November 2020 2,389,850

Fair value at 30 November 2021 is represented by:
£   
Valuation in 2019 178,000
Cost 2,211,850
2,389,850

If the investment properties had not been revalued they would have been included at the following historical cost:

2021 2020
£    £   
Cost 2,211,850 2,211,850

Investment properties were valued on an open market basis on 30 November 2019 by the directors .

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors - 18,998
Other debtors 1,500 1,500
Prepayments and accrued income 3,022 3,189
4,522 23,687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts (see note 9) 4,881 49,108
Trade creditors 2,322 4,592
Corporation tax 3,696 5,478
Directors' loan accounts 1,221,883 1,207,450
1,232,782 1,266,628

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans (see note 9) 959,493 964,560

9. LOANS

An analysis of the maturity of loans is given below:

2021 2020
£    £   
Amounts falling due within one year or on demand:
Bank loans 4,881 49,108

Amounts falling due between two and five years:
Bank loans - 2-5 years 959,493 964,560

10. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 964,374 1,013,668

11. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 35,163 35,499

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2021


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 December 2020 35,499
Credited during the year (336 )
Balance at 30 November 2021 35,163

12. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
4,000 Ordinary £1 4,000 4,000

13. RESERVES
Retained
earnings
£   

At 1 December 2020 169,895
Profit for the year 14,326
At 30 November 2021 184,221

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 November 2021 there was a loan from Mrs K A Patel of £610,942 (2020: £603,725). This unsecured loan is interest free and repayable on demand.

At 30 November 2021 there was a loan from Mr A D Patel of £610,941 (2020: £603,725). This unsecured loan is interest free and repayable on demand.