KK PROPERTY DEVELOPMENTS LTD

Company Registration Number:
11380505 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

KK PROPERTY DEVELOPMENTS LTD

Contents of the Financial Statements

for the Period Ended 31 May 2024

Balance sheet
Notes

KK PROPERTY DEVELOPMENTS LTD

Balance sheet

As at 31 May 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 2,812 3,515
Total fixed assets: 2,812 3,515
Current assets
Debtors: 4 100 7,600
Cash at bank and in hand: 56,992 60,011
Total current assets: 57,092 67,611
Creditors: amounts falling due within one year: 5 (10,000) (8,779)
Net current assets (liabilities): 47,092 58,832
Total assets less current liabilities: 49,904 62,347
Creditors: amounts falling due after more than one year: 6 (14,791) (16,041)
Total net assets (liabilities): 35,113 46,306
Capital and reserves
Called up share capital: 100 100
Other reserves: 37,427
Profit and loss account: (2,414) 46,206
Shareholders funds: 35,113 46,306

The notes form part of these financial statements

KK PROPERTY DEVELOPMENTS LTD

Balance sheet statements

For the year ending 31 May 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 August 2024
and signed on behalf of the board by:

Name: Kenneth John Knox WHOMSLEY
Status: Director

The notes form part of these financial statements

KK PROPERTY DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

KK PROPERTY DEVELOPMENTS LTD Limited hereinafter referred to as the company is registered with companies house with registration no11380505 with WHOMSLEY, Kenneth John Knox as the sole director. The company deals on property development through its director to its customers. The financial statement has been prepared under the historical cost convention and in accordance with the financial Reporting Standard for Smaller Entities (effective January 2016

KK PROPERTY DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

2. Employees

2024 2023
Average number of employees during the period 1 2

No other employee was paid wages during the financial year ended.

KK PROPERTY DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

3. Tangible Assets

Total
Cost £
At 01 June 2023 5,014
At 31 May 2024 5,014
Depreciation
At 01 June 2023 1,499
Charge for year 703
At 31 May 2024 2,202
Net book value
At 31 May 2024 2,812
At 31 May 2023 3,515

Property, plant and equipment (PPE) are the long-term tangible assets that are shown on the balance sheet of the company. The company recognizes an asset as an item of PPE when the asset has a useful life for more than one year and it is used for production or supply of goods or services, for rental to others, or for administrative purposes. Property, plant and equipment include land, building, machinery, vehicles, office equipment and furniture, etc. The company records an item of property, plant and equipment initially at its cost in the accounting record. It includes all costs that necessary to bring the asset to the working condition that it can be used as intended. The cost of an item of PPE includes purchased price, import duties, and the costs to get assets to the location and condition ready to use such as transportation and installation cost, etc

KK PROPERTY DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 100 7,600

This will be deducted from directors wages in the following year. 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 the amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts

KK PROPERTY DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Creditors: amounts falling due within one year note

This is a short term loan from the Director Mr K Whomsley to fund the ordinary activities of the company as no income was generated at year end. The loan will be repaid to the director when the company generates income in the future. No interest was charged on the loan and the loan is expected to be repaid by the company to the director during 2025 financial year.

KK PROPERTY DEVELOPMENTS LTD

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Creditors: amounts falling due after more than one year note

This is the bounce back figure at the year end. Total money borrowed was 25,000. However, the company has paid 10209 and the balance of the loan remaining is shown. The Director has made provision to continue to pay the loan. When no income is generated, the loan is funded through additional loan given to the company by the director.