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REGISTERED NUMBER: 13620656 (England and Wales)














Financial Statements

for the Year Ended 30 September 2023

for

Kaddy Properties Ltd

Kaddy Properties Ltd (Registered number: 13620656)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kaddy Properties Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: R A Douglas
K D Douglas





REGISTERED OFFICE: 12 Langbar Gardens
Leeds
West Yorkshire
LS14 5ES





REGISTERED NUMBER: 13620656 (England and Wales)





ACCOUNTANTS: SB&P
Chartered Accountants
Oriel House
2-8 Oriel Road
Bootle
Liverpool
Merseyside
L20 7EP

Kaddy Properties Ltd (Registered number: 13620656)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,888 4,034
Investment property 5 376,822 220,000
433,710 224,034

CURRENT ASSETS
Cash at bank 2,223 98,736

CREDITORS
Amounts falling due within one year 6 176,539 55,029
NET CURRENT (LIABILITIES)/ASSETS (174,316 ) 43,707
TOTAL ASSETS LESS CURRENT LIABILITIES 259,394 267,741

CREDITORS
Amounts falling due after more than one year 7 (235,578 ) (235,828 )

PROVISIONS FOR LIABILITIES (10,741 ) (10,741 )
NET ASSETS 13,075 21,172

RESERVES
Retained earnings 13,075 21,172
13,075 21,172

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Kaddy Properties Ltd (Registered number: 13620656)

Balance Sheet - continued
30 September 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 6 March 2024 and were signed on its behalf by:




R A Douglas - Director



K D Douglas - Director


Kaddy Properties Ltd (Registered number: 13620656)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Kaddy Properties 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 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.

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.

3. EMPLOYEES AND DIRECTORS

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

Kaddy Properties Ltd (Registered number: 13620656)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 4,034
Additions 52,854
At 30 September 2023 56,888
NET BOOK VALUE
At 30 September 2023 56,888
At 30 September 2022 4,034

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 220,000
Additions 156,822
At 30 September 2023 376,822
NET BOOK VALUE
At 30 September 2023 376,822
At 30 September 2022 220,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2022 56,534
Cost 320,288
376,822

The revaluation reflects the directors' opinion of the open market value of the property held at September 2022.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 3,510 3,509
Other creditors 173,029 51,520
176,539 55,029

Kaddy Properties Ltd (Registered number: 13620656)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 115,578 115,828
Other creditors 120,000 120,000
235,578 235,828

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 105,049 105,299

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans 119,088 -
Other creditors 190,000 -
309,088 -

The bank loan is secured by way of a fixed charge against 30 Horne Street.

Other creditors are secured against 80 Smallwood Road & 26 Batley Road.