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REGISTERED NUMBER: 10115725 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

KSM LONDON PROPERTIES LIMITED

KSM LONDON PROPERTIES LIMITED (REGISTERED NUMBER: 10115725)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KSM LONDON PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTOR: Mr K Marwaha





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 10115725 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

KSM LONDON PROPERTIES LIMITED (REGISTERED NUMBER: 10115725)

BALANCE SHEET
30 APRIL 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,344 5,429
Investment property 5 1,185,898 1,597,389
1,190,242 1,602,818

CURRENT ASSETS
Debtors 6 6,028 24,635
Cash at bank 12,225 2,223
18,253 26,858
CREDITORS
Amounts falling due within one year 7 472,527 585,108
NET CURRENT LIABILITIES (454,274 ) (558,250 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

735,968

1,044,568

CREDITORS
Amounts falling due after more than one
year

8

860,832

1,132,020
NET LIABILITIES (124,864 ) (87,452 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (124,964 ) (87,552 )
SHAREHOLDERS' FUNDS (124,864 ) (87,452 )

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

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

KSM LONDON PROPERTIES LIMITED (REGISTERED NUMBER: 10115725)

BALANCE SHEET - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 January 2024 and were signed by:





Mr K Marwaha - Director


KSM LONDON PROPERTIES LIMITED (REGISTERED NUMBER: 10115725)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

KSM London Properties 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.

Turnover
Turnover represents amounts derived from rents charged to tenants during the year, and is recognised at the date the rental period occurred. This is stated after trade discounts 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

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 Statement of Income and Retained Earnings, 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.

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 1 (2022 - 1 ) .

KSM LONDON PROPERTIES LIMITED (REGISTERED NUMBER: 10115725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 12,350 2,364 14,714
DEPRECIATION
At 1 May 2022 8,167 1,118 9,285
Charge for year 836 249 1,085
At 30 April 2023 9,003 1,367 10,370
NET BOOK VALUE
At 30 April 2023 3,347 997 4,344
At 30 April 2022 4,183 1,246 5,429

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2022 1,597,389
Disposals (411,491 )
At 30 April 2023 1,185,898
NET BOOK VALUE
At 30 April 2023 1,185,898
At 30 April 2022 1,597,389

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Other debtors - 20,001
Prepayments 6,028 4,634
6,028 24,635

KSM LONDON PROPERTIES LIMITED (REGISTERED NUMBER: 10115725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts (see note 9) 5,556 5,556
Trade creditors 9,613 11,884
Other creditors 4,896 1,750
Amounts due to related company 48,000 48,000
Directors' current accounts 394,178 509,175
Accruals and deferred income 10,284 8,743
472,527 585,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans (see note 9) 860,832 1,132,020

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 821,341 1,089,332

Repayable by instalments
Bank loans more 5 yr by instal - 20,465

9. LOANS

An analysis of the maturity of loans is given below:

30.4.23 30.4.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,556 5,556

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,556 5,556

Amounts falling due between two and five years:
Bank loans - 2-5 years 33,935 16,667

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 821,341 1,089,332

KSM LONDON PROPERTIES LIMITED (REGISTERED NUMBER: 10115725)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


9. LOANS - continued
30.4.23 30.4.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 20,465

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
100 Ordinary Shares £1 100 100