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REGISTERED NUMBER: 03487259 (England and Wales)


Unaudited Financial Statements for the Year Ended 30 September 2024

for

B & K Investments Limited

B & K Investments Limited (Registered number: 03487259)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


B & K Investments Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mahesh Kanubhai Patel
Viresh Mukesh Patel
Niral Narendra Patel
Vishal Narendra Patel





SECRETARY: Mukesh Kanubhai Patel





REGISTERED OFFICE: 2nd Floor, Compton House
29-33 Church Road
Stanmore
Middlesex
HA7 4AR





REGISTERED NUMBER: 03487259 (England and Wales)





ACCOUNTANTS: Andrew Murray & Co
Chartered Accountants & Statutory Auditors
144-146 Kings Cross Road
London
WC1X 9DU

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
B & K Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Directors' Report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of B & K Investments Limited for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of B & K Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of B & K Investments Limited and state those matters that we have agreed to state to the Board of Directors of B & K Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B & K Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that B & K Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of B & K Investments Limited. You consider that B & K Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of B & K Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Andrew Murray & Co
Chartered Accountants & Statutory Auditors
144-146 Kings Cross Road
London
WC1X 9DU


10 October 2024

B & K Investments Limited (Registered number: 03487259)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 6,651,838 6,616,956

CURRENT ASSETS
Debtors 5 690,351 677,539
Cash at bank 182,776 43,442
873,127 720,981
CREDITORS
Amounts falling due within one year 6 195,242 156,141
NET CURRENT ASSETS 677,885 564,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,329,723

7,181,796

PROVISIONS FOR LIABILITIES 7 666,334 700,404
NET ASSETS 6,663,389 6,481,392

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 4,164,267 4,125,197
Retained earnings 2,499,022 2,356,095
SHAREHOLDER FUNDS 6,663,389 6,481,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

B & K Investments Limited (Registered number: 03487259)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were authorised for issue by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





Viresh Mukesh Patel - Director


B & K Investments Limited (Registered number: 03487259)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

B & K 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. 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 rental receivable in respect of properties and is attributable to the company's principal activity. Rents are invoiced monthly and quarterly. Rental income is recognised for the period to which it relates.

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

B & K Investments Limited (Registered number: 03487259)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 6,616,956
Additions 29,882
Revaluations 5,000
At 30 September 2024 6,651,838
NET BOOK VALUE
At 30 September 2024 6,651,838
At 30 September 2023 6,616,956

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2016 7,145,601
Valuation in 2021 (2,320,000 )
Valuation in 2024 5,000
Cost 1,821,237
6,651,838

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

30.9.24 30.9.23
£    £   
Cost 1,821,237 1,791,355

Investment properties were valued on an open market basis on 13 September 2024 by Cushman & Wakefield .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 15,094 13,899
Other debtors 675,257 663,640
690,351 677,539

B & K Investments Limited (Registered number: 03487259)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 9,071 8,851
Taxation and social security 46,690 6,599
Other creditors 139,481 140,691
195,242 156,141

7. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Other timing differences (34,070 ) -
Deferred tax 700,404 700,404
666,334 700,404

Deferred
tax
£   
Balance at 1 October 2023 700,404
Provided during year (34,070 )
Balance at 30 September 2024 666,334

8. RELATED PARTY DISCLOSURES

At the balance sheet date, an amount of £663,640 (2023: £663,640), was owed to the company by KMP PropFin Ltd, a related party entity.

National Westminster Bank Plc has fixed and floating charge over all the property and undertaking of the company against a loan advanced to KMP Propfin Limited, a related party entity.

9. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.