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COMPANY REGISTRATION NUMBER: 11428681
Kim Property Investments Limited
Filleted Unaudited Financial Statements
30 June 2023
Kim Property Investments Limited
Financial Statements
Year ended 30 June 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Kim Property Investments Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
£
£
Current assets
Stocks
666,236
504,429
Debtors
4
8,279
Cash at bank and in hand
320
2,418
---------
---------
674,835
506,847
Creditors: amounts falling due within one year
5
687,861
514,256
---------
---------
Net current liabilities
13,026
7,409
--------
-------
Total assets less current liabilities
( 13,026)
( 7,409)
--------
-------
Net liabilities
( 13,026)
( 7,409)
--------
-------
Capital and reserves
Called up share capital
2
2
Profit and loss account
( 13,028)
( 7,411)
--------
-------
Shareholders deficit
( 13,026)
( 7,409)
--------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kim Property Investments Limited
Statement of Financial Position (continued)
30 June 2023
These financial statements were approved by the board of directors and authorised for issue on 3 February 2024 , and are signed on behalf of the board by:
Mr M. Schweiger
Director
Company registration number: 11428681
Kim Property Investments Limited
Notes to the Financial Statements
Year ended 30 June 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alex House, 260/8 Chapel Street, Salford, Manchester, M3 5JZ, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Debtors
2023
2022
£
£
Other debtors
8,279
-------
----
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,440
Amounts owed to group undertakings and undertakings in which the company has a participating interest
685,221
512,561
Social security and other taxes
495
Other creditors
1,200
1,200
---------
---------
687,861
514,256
---------
---------
6. Controlling party
The company is a wholly owned subsidiary of Binky Holdings Limited, a company incorporated in the United Kingdom