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REGISTERED NUMBER: 07103090 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KMA PROPERTIES LIMITED

KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KMA PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: K I Allison-Dean
D R Allison
M R Allison





REGISTERED OFFICE: Marton Hall
Church Lane
Sewerby
Bridlington
East Yorkshire
YO15 1DS





REGISTERED NUMBER: 07103090 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,130,411 1,879,843
Investments 5 8,859,842 5,345,578
Investment property 6 1,772,368 1,564,064
12,762,621 8,789,485

CURRENT ASSETS
Stocks 89,153 107,562
Debtors 7 536,734 157,456
Cash at bank 40,338 276,301
666,225 541,319
CREDITORS
Amounts falling due within one year 8 1,321,937 840,901
NET CURRENT LIABILITIES (655,712 ) (299,582 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,106,909

8,489,903

CREDITORS
Amounts falling due after more than one
year

9

(472,256

)

(527,192

)

PROVISIONS FOR LIABILITIES (108,741 ) (106,959 )
NET ASSETS 11,525,912 7,855,752

CAPITAL AND RESERVES
Called up share capital 11 101 101
Investment revaluation reserve 8,575,092 5,132,200
Retained earnings 2,950,719 2,723,451
SHAREHOLDERS' FUNDS 11,525,912 7,855,752

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.

KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)

BALANCE SHEET - continued
31 DECEMBER 2023


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 20 May 2024 and were signed on its behalf by:




D R Allison - Director M R Allison - Director




K I Allison-Dean - Director


KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

KMA Properties 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.

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 net invoiced sales of caravans, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost, excluding land element
Plant and machinery - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recorded on a net asset basis.

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.

Stocks
Stocks are valued at the lower of cost, market and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Rents receivable
Land rent is recorded on a net rent receivable basis.

KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Fixed asset investments
Fixed assets investments are valued on a net assets basis, duly updated to reflect current gold valuations which the directors consider to be fair value.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 1,907,357 62,632 1,969,989
Additions 279,173 15,394 294,567
At 31 December 2023 2,186,530 78,026 2,264,556
DEPRECIATION
At 1 January 2023 69,191 20,955 90,146
Charge for year 29,731 14,268 43,999
At 31 December 2023 98,922 35,223 134,145
NET BOOK VALUE
At 31 December 2023 2,087,608 42,803 2,130,411
At 31 December 2022 1,838,166 41,677 1,879,843

Included in cost of land and buildings is freehold land of £ 700,000 (2022 - £ 700,000 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 5,345,578 - 5,345,578
Additions - 53,600 53,600
Revaluations 3,460,664 - 3,460,664
At 31 December 2023 8,806,242 53,600 8,859,842
NET BOOK VALUE
At 31 December 2023 8,806,242 53,600 8,859,842
At 31 December 2022 5,345,578 - 5,345,578

KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31 December 2023 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2014 800,589 - 800,589
Valuation in 2015 219,235 - 219,235
Valuation in 2016 248,269 - 248,269
Valuation in 2017 193,001 - 193,001
Valuation in 2018 337,998 - 337,998
Valuation in 2019 659,190 - 659,190
Valuation in 2020 522,084 - 522,084
Valuation in 2021 68,150 - 68,150
Valuation in 2022 2,065,912 - 2,065,912
Valuation in 2023 3,460,664 - 3,460,664
Cost 231,150 53,600 284,750
8,806,242 53,600 8,859,842

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 231,150 231,150

Fixed asset investments were valued on a fair value basis on 31 December 2023 by the directors .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,564,064
Additions 202,304
Revaluations 6,000
At 31 December 2023 1,772,368
NET BOOK VALUE
At 31 December 2023 1,772,368
At 31 December 2022 1,564,064

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 24,812
Valuation in 2018 55,000
Valuation in 2021 347,924
Valuation in 2023 6,000
Cost 1,338,632
1,772,368

KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 1,338,632 1,136,328

Investment properties were valued on a fair value basis on 31 December 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 520,109 146,645
Other debtors 16,625 10,811
536,734 157,456

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 57,043 57,043
Trade creditors 238,433 177,543
Amounts owed to group undertakings 589,842 82,842
Taxation and social security 116,859 89,942
Other creditors 319,760 433,531
1,321,937 840,901

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 472,256 527,192

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5 years 269,133 314,179

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 504,349 549,395

The bank loan is secured debenture over the assets by way of a formal charge over certain properties within the company.

KMA PROPERTIES LIMITED (REGISTERED NUMBER: 07103090)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
1 Ordinary C £1 1 1
101 101