Registered number: 07289512 | ||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||
Prepared By: | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Kan Property Management Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Dorset | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07289512 | ||||||||
BANKERS | ||||||||
Santander | ||||||||
ACCOUNTANTS | ||||||||
Willow Accounting & Consultancy | ||||||||
Chartered Certified Accountants | ||||||||
47a Commercial Road | ||||||||
Poole | ||||||||
Dorset | ||||||||
BH14 0HU |
Kan Property Management Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30 JUNE 2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Kan Property Management Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | ||||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
27,282 | 55,903 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (1,476,148) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 6 | |||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Revaluation reserve | 1c,8 | 1,447,338 | 1,148,338 | |||||||
Profit and loss account | 413,532 | 392,827 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Kan Property Management Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30 JUNE 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Investment Properties | ||||||||
Investment properties are included in the financial statements at open market value. No depreciation is provided on such property in compliance with the Financial Reporting Standard for Smaller Entities. This departure from Companies Act requirements is necessary to show a true and fair view. |
1c. Revaluation Reserve | ||||||||
Surpluses or deficits arising on the revaluation of investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note8). |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | - | |||||
3. INVESTMENT PROPERTIES | ||||||||
Investment | ||||||||
Properties | Total | |||||||
£ | £ | |||||||
Fair value | ||||||||
At 1 July 2022 | 3,235,500 | 3,235,500 | ||||||
Revaluation | 299,000 | 299,000 | ||||||
At 30 June 2023 | 3,534,500 | 3,534,500 | ||||||
The directors have provided fair value estimates for investment properties as at 30 June 2023. | ||||||||
Kan Property Management Limited | ||||||||
4. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 1,000 | 499 | ||||||
Prepayments | 1,310 | 2,214 | ||||||
Directors current account | 1 | 1 | ||||||
Directors current account | 1 | 1 | ||||||
2,312 | 2,715 | |||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 20,007 | 21,432 | ||||||
Directors current account | 1,401,294 | 1,509,179 | ||||||
Accruals | 1,800 | 1,440 | ||||||
1,423,101 | 1,532,051 | |||||||
6. PROVISIONS FOR LIABILITIES | 2023 | 2022 | ||||||
£ | £ | |||||||
Deferred taxation | 277,807 | 218,184 | ||||||
277,807 | 218,184 | |||||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
2 | 1 | |||||||
2 | 2 | |||||||
4 | 3 | |||||||
New shares issued during period: | ||||||||
1 | 1 | |||||||
1 | - | |||||||
Kan Property Management Limited | ||||||||
8. REVALUATION RESERVE | 2023 | 2022 | ||||||
£ | £ | |||||||
Revaluation reserve | 1,447,338 | 1,148,338 | ||||||
1,447,338 | 1,148,338 | |||||||
This is a non-distributable reserve arising on the movement in fair value of investment properties during the year. | ||||||||