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REGISTERED NUMBER: 03774363 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

Kids Property Limited

Kids Property Limited (Registered number: 03774363)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kids Property Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: T Panayiotou
P T Panayiotou





REGISTERED OFFICE: Solar House
282 Chase Road
Southgate
London
N14 6HA





REGISTERED NUMBER: 03774363 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Kids Property Limited (Registered number: 03774363)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 2,044,636 2,044,636

CURRENT ASSETS
Debtors 6 311,799 328,568
Cash at bank and in hand 37,228 24,867
349,027 353,435
CREDITORS
Amounts falling due within one year 7 1,368,208 1,320,726
NET CURRENT LIABILITIES (1,019,181 ) (967,291 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,025,455

1,077,345

CREDITORS
Amounts falling due after more than one
year

8

(390,000

)

(390,000

)

PROVISIONS FOR LIABILITIES (137,887 ) (109,117 )
NET ASSETS 497,568 578,228

CAPITAL AND RESERVES
Called up share capital 10 3 3
Fair value reserve 11 534,358 563,128
Retained earnings (36,793 ) 15,097
SHAREHOLDERS' FUNDS 497,568 578,228

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

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

Kids Property Limited (Registered number: 03774363)

Balance Sheet - continued
31 May 2023


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 14 February 2024 and were signed on its behalf by:





T Panayiotou - Director


Kids Property Limited (Registered number: 03774363)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Kids 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover represents the total rent receivable invoiced during the year.

Investment property
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure. Investment properties are measured at fair value. The surplus or deficit arising on the revaluation of investment properties at their fair values are recognised in the income statement.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Kids Property Limited (Registered number: 03774363)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 2,044,636
NET BOOK VALUE
At 31 May 2023 2,044,636
At 31 May 2022 2,044,636

The investment property is valued annually by the director on an open market existing use basis.

The historical cost of the property is £1,372,391 (2022 - £1,322,391).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 34,000 52,250
Other debtors 277,799 276,318
311,799 328,568

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade creditors - 1,000
Other creditors 1,368,208 1,319,726
1,368,208 1,320,726

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 390,000 390,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years by instalments 390,000 390,000

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Bank loans 390,000 390,000

Kids Property Limited (Registered number: 03774363)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
3 Ordinary shares £1 3 3

11. RESERVES
Fair
value
reserve
£   
At 1 June 2022 563,128
Deferred taxation (28,770 )

At 31 May 2023 534,358