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REGISTERED NUMBER: 13557381 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

KCB PROPERTY GROUP LTD

KCB PROPERTY GROUP LTD (REGISTERED NUMBER: 13557381)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KCB PROPERTY GROUP LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: Mr M T Brydson



REGISTERED OFFICE: Suite 2a Blackthorn House
St. Pauls Square
Birmingham
B3 1RL



REGISTERED NUMBER: 13557381 (England and Wales)



ACCOUNTANTS: M Scrivens & Co Ltd
Unit S The Wallows Industrial Estate
Fens Pool Avenue
Brierley Hill
DY5 1QA



BANKERS: TSB Bank PLC
2136 Coventry Road
Sheldon
Birmingham
B26 3JW



INCORPORATED: 10th August 2021

KCB PROPERTY GROUP LTD (REGISTERED NUMBER: 13557381)

ABRIDGED BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 368,502 173,165

CURRENT ASSETS
Cash at bank 4,414 64,576

CREDITORS
Amounts falling due within one year 139,890 133,582
NET CURRENT LIABILITIES (135,476 ) (69,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,026

104,159

CREDITORS
Amounts falling due after more than one
year

5

259,460

123,485
NET LIABILITIES (26,434 ) (19,326 )

CAPITAL AND RESERVES
Called up share capital 6 1 1
Retained earnings (26,435 ) (19,327 )
SHAREHOLDERS' FUNDS (26,434 ) (19,326 )

KCB PROPERTY GROUP LTD (REGISTERED NUMBER: 13557381)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 November 2023 and were signed by:





Mr M T Brydson - Director


KCB PROPERTY GROUP LTD (REGISTERED NUMBER: 13557381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

KCB Property Group Ltd 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.

Going concern
At the year end the company shows an insolvent balance sheet. The company meets it day to day working capital requirements through the support of its director who has undertaken that this support will not be withdrawn within twelve months from the date of signature of these financial statements. On this basis the director considers it appropriate to prepare these accounts on a going concern basis.

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.

Financial instruments
The company only enters into basis financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans from related parties.

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.


KCB PROPERTY GROUP LTD (REGISTERED NUMBER: 13557381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

2. ACCOUNTING POLICIES - continued
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.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 173,165
Additions 195,337
At 31 August 2023 368,502
NET BOOK VALUE
At 31 August 2023 368,502
At 31 August 2022 173,165

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.8.23 31.8.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 259,460 123,485

KCB PROPERTY GROUP LTD (REGISTERED NUMBER: 13557381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary 1p 1 1

7. RELATED PARTY DISCLOSURES

At the year end the company owed the director £139,141 (2022 - £133,182). This loan is interest free and repayable upon demand.