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REGISTERED NUMBER: 07271170 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

KERRIS PROPERTY LIMITED

KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 9

KERRIS PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2023







DIRECTORS: Mr A Granik
Mrs S D Granik





SECRETARY:





REGISTERED OFFICE: 98 Hornchurch Road
Hornchurch
Essex
RM11 1JS





REGISTERED NUMBER: 07271170 (England and Wales)





ACCOUNTANTS: Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS

KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)

BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 725,893 726,778
Investments 5 30,361 24,608
756,254 751,386

CURRENT ASSETS
Cash at bank 4,731 18,455

CREDITORS
Amounts falling due within one year 6 543,418 532,607
NET CURRENT LIABILITIES (538,687 ) (514,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

217,567

237,234

PROVISIONS FOR LIABILITIES 155 155
NET ASSETS 217,412 237,079

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 166,754 163,402
Other reserves 37 37
Retained earnings 50,619 73,638
SHAREHOLDERS' FUNDS 217,412 237,079

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

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

KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)

BALANCE SHEET - continued
30 June 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 7 March 2024 and were signed on its behalf by:





Mrs S D Granik - Director


KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Kerris 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 July 2022
and 30 June 2023 684,448 54,005 738,453
DEPRECIATION
At 1 July 2022 - 11,675 11,675
Charge for year - 885 885
At 30 June 2023 - 12,560 12,560
NET BOOK VALUE
At 30 June 2023 684,448 41,445 725,893
At 30 June 2022 684,448 42,330 726,778

KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 150,000 - 150,000
Valuation in 2019 5,000 - 5,000
Valuation in 2020 354,448 21,944 376,392
Valuation in 2021 - 1,560 1,560
509,448 23,504 532,952

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 684,448
684,448

CLIENT SCREEN TOTAL = 509,448


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
IMPROVEMENTS TO PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 38,787
38,787

CLIENT SCREEN TOTAL = 16,441


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 15,218
15,218

CLIENT SCREEN TOTAL = 7,063


KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022 24,608
Additions 2,400
Revaluations 3,353
At 30 June 2023 30,361
NET BOOK VALUE
At 30 June 2023 30,361
At 30 June 2022 24,608

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2017 1,019
Valuation in 2018 1,889
Valuation in 2019 3,211
Valuation in 2020 2,039
Valuation in 2021 6,011
Valuation in 2022 (727 )
13,442

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
UNLISTED INVESTMENTS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 24,608
Additions 2,400
Revaluations 3,353
30,361

CLIENT SCREEN TOTAL = 13,442


KERRIS PROPERTY LIMITED (REGISTERED NUMBER: 07271170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 158
Other creditors 543,418 532,449
543,418 532,607

7. RESERVES
Revaluation
reserve
£   
At 1 July 2022 163,402
Share fund revaluation 3,352

At 30 June 2023 166,754

8. ULTIMATE CONTROLLING PARTY

There is no overall control.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KERRIS PROPERTY LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kerris Property Limited for the year ended 30 June 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kerris Property Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kerris Property Limited and state those matters that we have agreed to state to the Board of Directors of Kerris Property Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kerris Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kerris Property Limited. You consider that Kerris Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kerris Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS


7 March 2024