Registered number
12951962
KJM INVESTMENT PROPERTIES PTY LTD
Filleted Accounts
31 October 2023
KJM INVESTMENT PROPERTIES PTY LTD
Registered number: 12951962
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 70,509 70,509
Current assets
Debtors 4 1,600 800
Cash at bank and in hand 117 419
1,717 1,219
Creditors: amounts falling due within one year 5 (68,152) (71,946)
Net current liabilities (66,435) (70,727)
Net assets/(liabilities) 4,074 (218)
Capital and reserves
Called up share capital 20 20
Profit and loss account 4,054 (238)
Shareholders' funds 4,074 (218)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Jassim Alali
Director
Approved by the board on 22 July 2024
KJM INVESTMENT PROPERTIES PTY LTD
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover are Rent's Received.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 November 2022 70,509
At 31 October 2023 70,509
Depreciation
At 31 October 2023 -
Net book value
At 31 October 2023 70,509
At 31 October 2022 70,509
4 Debtors 2023 2022
£ £
Other debtors 1,600 800
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 550 500
Taxation and social security costs 951 -
Other creditors 66,651 71,446
68,152 71,946
6 Other information
KJM INVESTMENT PROPERTIES PTY LTD is a private company limited by shares and incorporated in England. Its registered office is:
181 Coniscliffe Road
Darlington
DL3 8DE
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