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Company Registration No. 11687903 (England and Wales)
KJS Homes Ltd Unaudited accounts for the year ended 30 November 2023
KJS Homes Ltd Unaudited accounts Contents
Page
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KJS Homes Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
352 
Investment property
1,065,000 
930,000 
1,065,000 
930,352 
Current assets
Cash at bank and in hand
3,226 
3,311 
Creditors: amounts falling due within one year
(1,200)
(1,200)
Net current assets
2,026 
2,111 
Total assets less current liabilities
1,067,026 
932,463 
Creditors: amounts falling due after more than one year
(844,934)
(819,921)
Provisions for liabilities
Deferred tax
(72,111)
(43,926)
Net assets
149,981 
68,616 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
149,979 
68,614 
Shareholders' funds
149,981 
68,616 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2024 and were signed on its behalf by
Jonathon Bell Director Company Registration No. 11687903
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KJS Homes Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
KJS Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11687903. The registered office is 20-22 Wenlock Road, London, N1 7GU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% Straight Line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KJS Homes Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
1,269 
At 30 November 2023
1,269 
Depreciation
At 1 December 2022
917 
Charge for the year
352 
At 30 November 2023
1,269 
Net book value
At 30 November 2023
- 
At 30 November 2022
352 
5
Investment property
2023 
£ 
Fair value at 1 December 2022
930,000 
Additions
22,261 
Net gain from fair value adjustments
112,739 
At 30 November 2023
1,065,000 
The Investment property has been valued by the Directors, based on an open market valuation.
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Accruals
1,200 
1,200 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
629,009 
629,009 
Other creditors
215,925 
190,912 
844,934 
819,921 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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