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REGISTERED NUMBER: 11542508 (England and Wales)















K & L PROPERTIES (YORKSHIRE) LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023






K & L PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 11542508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

K & L PROPERTIES (YORKSHIRE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mrs L V Taylor
Mrs K J Vickerman





SECRETARY:





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 11542508 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

K & L PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 11542508)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 150,000 150,000

CURRENT ASSETS
Debtors 5 1,553 1,640
Cash at bank 28,476 15,335
30,029 16,975
CREDITORS
Amounts falling due within one year 6 77,225 64,111
NET CURRENT LIABILITIES (47,196 ) (47,136 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

102,804

102,864

CREDITORS
Amounts falling due after more than one
year

7

85,407

88,490
NET ASSETS 17,397 14,374

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 16,142 16,142
Retained earnings 1,155 (1,868 )
SHAREHOLDERS' FUNDS 17,397 14,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

K & L PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 11542508)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 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 21 May 2024 and were signed on its behalf by:




Mrs K J Vickerman - Director



Mrs L V Taylor - Director


K & L PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 11542508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

K & L Properties (Yorkshire) Ltd 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.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 150,000
NET BOOK VALUE
At 31 August 2023 150,000
At 31 August 2022 150,000

K & L PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 11542508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2022 16,142
Cost 133,858
150,000

If Investment Properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 133,858 133,858

Investment Properties were valued on an open market basis on 31 August 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,553 1,640

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 732 604
Other creditors 76,493 63,507
77,225 64,111

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 85,407 88,490

Amounts falling due in more than five years:

Repayable by instalments
Other loans more 5yrs instal 85,407 88,490

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans more 5 yrs instal 85,407 88,490

National Westminster Bank PLC holds a fixed charge on 39A Bankwell Road, Milnsbridge, Huddersfield, HD3 4LZ registered under the title number WYK505662. Registered on 1st June 2020.

K & L PROPERTIES (YORKSHIRE) LTD (REGISTERED NUMBER: 11542508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 16,142

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

2023 2022
£    £   
Mrs L V Taylor
Balance outstanding at start of year 50 50
Amounts repaid (50 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50

Mrs K J Vickerman
Balance outstanding at start of year 50 50
Amounts repaid (50 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 50

12. RELATED PARTY DISCLOSURES

During the year the company was loaned £13,337 (2022: £11,905) from Birch Tree (Yorkshire) Ltd, a company controlled by K Vickerman & L Taylor who are both shareholders. At the year end £76,107 (2022 £62,770) was outstanding.

K & L PROPERTIES (YORKSHIRE) LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
K & L PROPERTIES (YORKSHIRE) LTD

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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


21 May 2024