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REGISTERED NUMBER: 08757737 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

KJS PROPERTY INVESTMENTS LIMITED

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KJS PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: Mrs K Patel
A D Patel





REGISTERED OFFICE: 2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR





REGISTERED NUMBER: 08757737 (England and Wales)





ACCOUNTANTS: Ashcrofts Accountants Limited
2 Cedargrove
Hagley
Stourbridge
West Midlands
DY9 0DR

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,525 5,656
Investment property 5 2,154,850 2,274,850
2,159,375 2,280,506

CURRENT ASSETS
Debtors 6 3,696 18,418
Cash at bank 10,980 62,122
14,676 80,540
CREDITORS
Amounts falling due within one year 7 (1,266,318 ) (1,330,235 )
NET CURRENT LIABILITIES (1,251,642 ) (1,249,695 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

907,733

1,030,811

CREDITORS
Amounts falling due after more than one
year

8

(650,260

)

(792,772

)

PROVISIONS FOR LIABILITIES 12 (30,201 ) (31,095 )
NET ASSETS 227,272 206,944

CAPITAL AND RESERVES
Called up share capital 13 4,000 4,000
Retained earnings 14 223,272 202,944
SHAREHOLDERS' FUNDS 227,272 206,944

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

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

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

BALANCE SHEET - continued
30 NOVEMBER 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 12 August 2024 and were signed on its behalf by:




Mrs K Patel - Director



A D Patel - Director


KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

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


1. STATUTORY INFORMATION

KJS Property Investments 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.
Plant and machinery etc - 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 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).

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

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


4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equipment
£   
COST
At 1 December 2022
and 30 November 2023 13,546
DEPRECIATION
At 1 December 2022 7,890
Charge for year 1,131
At 30 November 2023 9,021
NET BOOK VALUE
At 30 November 2023 4,525
At 30 November 2022 5,656

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 2,274,850
Disposals (120,000 )
At 30 November 2023 2,154,850
NET BOOK VALUE
At 30 November 2023 2,154,850
At 30 November 2022 2,274,850

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2019 153,000
Cost 2,001,850
2,154,850

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 2,001,850 2,116,850

Investment properties were valued on an open market basis on 30 November 2019 by the directors .

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,075 15,000
Prepayments and accrued income 2,621 3,418
3,696 18,418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 134 4,186
Trade creditors 180 7,891
Corporation tax 5,486 7,757
Other creditors 20,000 -
Directors' loan accounts 1,240,518 1,310,401
1,266,318 1,330,235

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans (see note 9) 650,260 792,772

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 134 4,186

Amounts falling due between two and five years:
Bank loans - 2-5 years 650,260 792,772

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
In more than five years 944 1,194

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 650,394 796,958

KJS PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 08757737)

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


12. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 30,201 31,095

Deferred
tax
£   
Balance at 1 December 2022 31,095
Credited during the year (894 )
Balance at 30 November 2023 30,201

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
4,000 Ordinary £1 4,000 4,000

14. RESERVES
Retained
earnings
£   

At 1 December 2022 202,944
Profit for the year 20,328
At 30 November 2023 223,272

15. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 November 2023 there was a loan from Mrs K A Patel of £620,259 (2022: £655,201). This unsecured loan is interest free and repayable on demand.

At 30 November 2023 there was a loan from Mr A D Patel of £620,259 (2022: £655,200). This unsecured loan is interest free and repayable on demand.

16. RELATED PARTY DISCLOSURES

At 30 November 2023, there was a loan due from Ashcrofts Accountants Limited of £Nil (2022: £15,000), a company in which Mr A D Patel is a director. This unsecured loan is interest free and repayable on demand.

At 30 November 2023, there was a loan due to Ashcrofts Accountants Limited of £20,000 (2022: £Nil), a company in which Mr A D Patel is a director. This unsecured loan is interest free and repayable on demand.