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REGISTERED NUMBER: 12613902 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Kirk Property Group Ltd

Kirk Property Group Ltd (Registered number: 12613902)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kirk Property Group Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr D Kirk





REGISTERED OFFICE: Office 9, Dalton House
60 Windsor Avenue
London
SW19 2RR





REGISTERED NUMBER: 12613902 (England and Wales)





ACCOUNTANTS: H&M Accountancy Solutions
Nelson House
13 Mundesley Road
North Walsham
Norfolk
NR28 0DA

Kirk Property Group Ltd (Registered number: 12613902)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,993 45,608
Investment property 5 2,149,225 1,989,186
2,207,218 2,034,794

CURRENT ASSETS
Debtors 6 10,418 24,628
Cash at bank 7,016 5,440
17,434 30,068
CREDITORS
Amounts falling due within one year 7 1,026,440 834,594
NET CURRENT LIABILITIES (1,009,006 ) (804,526 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,198,212

1,230,268

CREDITORS
Amounts falling due after more than
one year

8

(647,974

)

(647,974

)

PROVISIONS FOR LIABILITIES 9 (118,866 ) (118,866 )
NET ASSETS 431,372 463,428

Kirk Property Group Ltd (Registered number: 12613902)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 326,599 326,599
Retained earnings 104,673 136,729
SHAREHOLDERS' FUNDS 431,372 463,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 30 August 2024 and were signed by:





Mr D Kirk - Director


Kirk Property Group Ltd (Registered number: 12613902)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Kirk Property Group 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kirk Property Group Ltd (Registered number: 12613902)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 June 2023 30,059 41,354 71,413
Additions - 24,076 24,076
At 31 May 2024 30,059 65,430 95,489
DEPRECIATION
At 1 June 2023 15,466 10,339 25,805
Charge for year 3,648 8,043 11,691
At 31 May 2024 19,114 18,382 37,496
NET BOOK VALUE
At 31 May 2024 10,945 47,048 57,993
At 31 May 2023 14,593 31,015 45,608

Depreciation - 25% reducing balance

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,989,186
Additions 160,039
At 31 May 2024 2,149,225
NET BOOK VALUE
At 31 May 2024 2,149,225
At 31 May 2023 1,989,186

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 2,000 2,392
VAT 5,384 18,719
Prepayments 3,034 3,517
10,418 24,628

Kirk Property Group Ltd (Registered number: 12613902)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors - 34,659
Tax (4,031 ) 4,018
Social security and other taxes - (590 )
Directors' current accounts 1,028,997 795,497
Accrued expenses 1,474 1,010
1,026,440 834,594

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 647,974 647,974

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 118,866 118,866

Deferred
tax
£   
Balance at 1 June 2023 118,866
Balance at 31 May 2024 118,866

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 326,599

Kirk Property Group Ltd (Registered number: 12613902)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mr D Kirk
Balance outstanding at start of year 795,497 543,946
Amounts advanced 233,500 251,551
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,028,997 795,497

13. RELATED PARTY DISCLOSURES

At the end of the year, the company had loans totalling £418,000 (2023 - £418,000 from Suishui
Limited, a company of which Mr D Kirk is a director.

Mr A Kirk, a shareholder of the company, also has a loan of £229,974 (2023 - £229,974). Both amounts are included within other creditors due over one year.