IRIS Accounts Production v23.3.1.45 09444881 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh094448812022-03-31094448812023-03-31094448812022-04-012023-03-31094448812021-03-31094448812021-04-012022-03-31094448812022-03-3109444881ns10:Originalns15:EnglandWales2022-04-012023-03-3109444881ns14:PoundSterlingns10:Original2022-04-012023-03-3109444881ns10:Originalns10:Director12022-04-012023-03-3109444881ns10:Original2022-04-012023-03-3109444881ns10:Original2023-03-3109444881ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3109444881ns10:Originalns10:SmallEntities2022-04-012023-03-3109444881ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3109444881ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3109444881ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3109444881ns10:Originalns10:FullAccounts2022-04-012023-03-3109444881ns10:Originalns10:OrdinaryShareClass12022-04-012023-03-3109444881ns10:Originalns10:Director22022-04-012023-03-3109444881ns10:Originalns10:Director32022-04-012023-03-3109444881ns10:Originalns10:RegisteredOffice2022-04-012023-03-3109444881ns10:Original2022-03-3109444881ns10:Originalns5:CurrentFinancialInstruments2023-03-3109444881ns10:Originalns5:CurrentFinancialInstruments2022-03-3109444881ns5:ShareCapitalns10:Original2023-03-3109444881ns5:ShareCapitalns10:Original2022-03-3109444881ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3109444881ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109444881ns10:Original2021-04-012022-03-3109444881ns10:Original2022-03-3109444881ns10:Originalns5:DeferredTaxation2022-03-3109444881ns10:Originalns5:DeferredTaxation2022-04-012023-03-3109444881ns10:Originalns5:DeferredTaxation2023-03-3109444881ns10:Originalns10:OrdinaryShareClass12023-03-3109444881ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3109444881ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-31
REGISTERED NUMBER: 09444881 (England and Wales)















KS PROPERTY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






KS PROPERTY LIMITED (REGISTERED NUMBER: 09444881)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KS PROPERTY LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2023







DIRECTORS: S K Kapoor
Mrs S Kapoor
A K Kapoor





REGISTERED OFFICE: Brunswick House
Birmingham Road
Redditch
Worcestershire
B97 6DY





BUSINESS ADDRESS: 167 Hither Green Lane
Abbey Park
Redditch
Worcestershire
B98 9AZ





REGISTERED NUMBER: 09444881 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

KS PROPERTY LIMITED (REGISTERED NUMBER: 09444881)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,085,000 1,025,000

CURRENT ASSETS
Cash at bank 10,342 8,233

CREDITORS
Amounts falling due within one year 5 621,005 638,273
NET CURRENT LIABILITIES (610,663 ) (630,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,337

394,960

PROVISIONS FOR LIABILITIES 6 58,867 47,467
NET ASSETS 415,470 347,493

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 415,370 347,393
SHAREHOLDERS' FUNDS 415,470 347,493

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 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.

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.

KS PROPERTY LIMITED (REGISTERED NUMBER: 09444881)

BALANCE SHEET - continued
31 MARCH 2023



The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by:





Mrs S Kapoor - Director


KS PROPERTY LIMITED (REGISTERED NUMBER: 09444881)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

KS Property 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

KS PROPERTY LIMITED (REGISTERED NUMBER: 09444881)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,025,000
Revaluations 60,000
At 31 March 2023 1,085,000
NET BOOK VALUE
At 31 March 2023 1,085,000
At 31 March 2022 1,025,000

The fair value of the investment property has been determined by the directors, based upon their local knowledge and comparable neighbouring properties.

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2020 183,684
Valuation in 2021 80,000
Valuation in 2022 30,000
Valuation in 2023 60,000
Cost 731,316
1,085,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Tax 4,545 2,153
Directors' loan accounts 615,320 635,040
Accrued expenses 1,140 1,080
621,005 638,273

6. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 58,867 47,467

Deferred
tax
£   
Balance at 1 April 2022 47,467
Provided during year 11,400
Balance at 31 March 2023 58,867

KS PROPERTY LIMITED (REGISTERED NUMBER: 09444881)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 April 2022 347,393
Profit for the year 67,977
At 31 March 2023 415,370

9. ULTIMATE CONTROLLING PARTY

The controlling parties are the directors.