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REGISTERED NUMBER: 06280290 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

KAYA DEVELOPMENTS LIMITED

KAYA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06280290)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KAYA DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2022







DIRECTOR: O Yusuf





REGISTERED OFFICE: 25 Cristowe Road
Fulham
London
SW6 3QF





REGISTERED NUMBER: 06280290 (England and Wales)





ACCOUNTANTS: R P M Associates
22 Chestnut Avenue
Rickmansworth
Hertfordshire
WD3 4HB

KAYA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06280290)

BALANCE SHEET
31 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,950,000 1,950,000
Investments 5 1 1
1,950,001 1,950,001

CURRENT ASSETS
Debtors 6 155,760 170,141
Cash at bank 486 429
156,246 170,570
CREDITORS
Amounts falling due within one year 7 1,368,978 1,370,496
NET CURRENT LIABILITIES (1,212,732 ) (1,199,926 )
TOTAL ASSETS LESS CURRENT LIABILITIES 737,269 750,075

CREDITORS
Amounts falling due after more than one year 8 14,871 18,862
NET ASSETS 722,398 731,213

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 757,211 757,211
Retained earnings (34,815 ) (26,000 )
722,398 731,213

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

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

KAYA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06280290)

BALANCE SHEET - continued
31 December 2022


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 26 September 2023 and were signed by:





O Yusuf - Director


KAYA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06280290)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Kaya Developments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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).

KAYA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06280290)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 January 2022
and 31 December 2022 1,950,000
NET BOOK VALUE
At 31 December 2022 1,950,000
At 31 December 2021 1,950,000

Cost or valuation at 31 December 2022 is represented by:

Land and
buildings
£   
Valuation in 2011 307,211
Valuation in 2014 250,000
Valuation in 2019 200,000
Cost 1,192,789
1,950,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 1,192,789 1,192,789

Freehold land and buildings were valued on an open market value basis on 15 August 2019 by Paragon Bank Plc .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 1
NET BOOK VALUE
At 31 December 2022 1
At 31 December 2021 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 155,760 170,141

KAYA DEVELOPMENTS LIMITED (REGISTERED NUMBER: 06280290)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Amounts owed to group undertakings 1,367,618 1,369,136
Other creditors 1,360 1,360
1,368,978 1,370,496

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 14,871 18,862

9. RESERVES
Revaluation
reserve
£   
At 1 January 2022
and 31 December 2022 757,211