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REGISTERED NUMBER: 01610672 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KLM INVESTMENTS LIMITED

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KLM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: R J Millard
K L Millard





REGISTERED OFFICE: 23 Colne Road
Earith
Huntingdon
Cambridgeshire
PE28 3PY





REGISTERED NUMBER: 01610672 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 919 973
Investment property 6 3,286,253 3,286,253
3,287,172 3,287,226

CURRENT ASSETS
Debtors 7 387 1,050
Investments 8 500,690 450,967
Cash at bank 96,712 130,036
597,789 582,053
CREDITORS
Amounts falling due within one year 9 (48,324 ) (39,996 )
NET CURRENT ASSETS 549,465 542,057
TOTAL ASSETS LESS CURRENT LIABILITIES 3,836,637 3,829,283

PROVISIONS FOR LIABILITIES 10 (399,013 ) (386,583 )
NET ASSETS 3,437,624 3,442,700

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Non-distributable reserve 2,239,733 2,239,733
Retained earnings 1,097,891 1,102,967
SHAREHOLDERS' FUNDS 3,437,624 3,442,700

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:




K L Millard - Director



R J Millard - Director


KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

KLM Investments Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
At the balance sheet date the directors have carried out a desktop valuation of the property having considered the fair values of similar property in the same geographic are. This is considered to represent a judgement and therefore carries estimation uncertainty.

Turnover
Turnover represents amounts receivable in relation to the rental of commercial property, consultancy services and recharged costs net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all material 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.

Current asset investments
Current asset investments that are listed on a recognised market are recognised at their fair value with gains and losses recognised in the income statement.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 99,749
DEPRECIATION
At 1 April 2023 98,776
Charge for year 54
At 31 March 2024 98,830
NET BOOK VALUE
At 31 March 2024 919
At 31 March 2023 973

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 3,286,253
NET BOOK VALUE
At 31 March 2024 3,286,253
At 31 March 2023 3,286,253

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 1,300,000
Valuation in 2022 1,200,000
Valuation in 2023 786,253
3,286,253

Investment was valued on a fair value basis on 31 March 2024 by the director .

The director has considered the fair value of investment property at the balance sheets and has concluded that its fair value is not materially different to its carrying value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 387 1,050

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 500,690 450,967

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 43,315 35,435
Other creditors 5,009 4,561
48,324 39,996

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 399,013 386,583

Deferred
tax
£   
Balance at 1 April 2023 386,583
Charge to Profit and loss account during year 12,430
Balance at 31 March 2024 399,013

Deferred tax is recognised in respect of the fair value adjustment made to investment property and current asset investments. A tax liability will only crystalise on any future sale of the investment property or investment holding in full or in part at the corporation tax rate prevailing at the date of sale.

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100,000 Ordinary £1 100,000 100,000

12. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £150,000 (2023: £150,000) to companies which have a particpating interest in KLM Investments Limited.

During the year under review the company paid £6,000 (2023: £6,000) to the wife of a director.