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REGISTERED NUMBER: 09350491 (England and Wales)











Financial Statements

for the Year Ended 31 December 2023

for

K & J STRACHAN LTD

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


K & J STRACHAN LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr K Strachan
Mrs J Strachan





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09350491 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 450,000 407,213

CURRENT ASSETS
Debtors 5 350 350
Cash at bank 1,507 14,745
1,857 15,095
CREDITORS
Amounts falling due within one year 6 378,907 381,157
NET CURRENT LIABILITIES (377,050 ) (366,062 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,950

41,151

PROVISIONS FOR LIABILITIES 7 10,697 -
NET ASSETS 62,253 41,151

CAPITAL AND RESERVES
Called up share capital 8 200 200
Fair value reserve 32,090 -
Retained earnings 29,963 40,951
SHAREHOLDERS' FUNDS 62,253 41,151

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

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

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 16 August 2024 and were signed on its behalf by:





Mr K Strachan - Director


K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

K & J Strachan 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rent receivable. Rental income is recognised evenly over the duration of the lease term.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 407,213
Revaluations 42,787
At 31 December 2023 450,000
NET BOOK VALUE
At 31 December 2023 450,000
At 31 December 2022 407,213

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 42,787
Cost 407,213
450,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 350 350

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax 1,715 3,465
Other creditors 350 350
Directors' current accounts 375,162 375,162
Accruals and deferred income 1,680 2,180
378,907 381,157

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 10,697 -

Deferred
tax
£   
Provided during year 10,697
Balance at 31 December 2023 10,697

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 A Class Ordinary £1 1 1
1 B Class Ordinary £1 1 1
99 C Class Ordinary £1 99 99
99 D Class Ordinary £1 99 99
200 200

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors an amount of £375,162 (2022: £375,162). The amount is interest free and repayable on demand.