IRIS Accounts Production v24.1.4.33 11310605 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh113106052023-04-30113106052024-04-30113106052023-05-012024-04-30113106052022-04-30113106052022-05-012023-04-30113106052023-04-3011310605ns15:EnglandWales2023-05-012024-04-3011310605ns14:PoundSterling2023-05-012024-04-3011310605ns10:Director12023-05-012024-04-3011310605ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011310605ns10:SmallEntities2023-05-012024-04-3011310605ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011310605ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011310605ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011310605ns10:FullAccounts2023-05-012024-04-3011310605ns10:OrdinaryShareClass12023-05-012024-04-3011310605ns10:Director22023-05-012024-04-3011310605ns10:RegisteredOffice2023-05-012024-04-3011310605ns5:CurrentFinancialInstruments2024-04-3011310605ns5:CurrentFinancialInstruments2023-04-3011310605ns5:ShareCapital2024-04-3011310605ns5:ShareCapital2023-04-3011310605ns5:RetainedEarningsAccumulatedLosses2024-04-3011310605ns5:RetainedEarningsAccumulatedLosses2023-04-3011310605ns5:ComputerEquipment2023-04-3011310605ns5:ComputerEquipment2023-05-012024-04-3011310605ns5:ComputerEquipment2024-04-3011310605ns5:ComputerEquipment2023-04-3011310605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3011310605ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3011310605ns5:CurrentFinancialInstruments2023-05-012024-04-3011310605ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 11310605 (England and Wales)











Financial Statements

for the Year Ended 30 April 2024

for

K&P HOMES LTD

K&P HOMES LTD (REGISTERED NUMBER: 11310605)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K&P HOMES LTD

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mrs P Patel
K Patel





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 11310605 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

K&P HOMES LTD (REGISTERED NUMBER: 11310605)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 401 117
Investment property 5 490,092 490,092
490,493 490,209

CURRENT ASSETS
Debtors 6 173 129
Cash at bank 69,901 54,696
70,074 54,825
CREDITORS
Amounts falling due within one year 7 504,948 504,290
NET CURRENT LIABILITIES (434,874 ) (449,465 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,619

40,744

PROVISIONS FOR LIABILITIES 76 22
NET ASSETS 55,543 40,722

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 55,443 40,622
SHAREHOLDERS' FUNDS 55,543 40,722

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

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

K&P HOMES LTD (REGISTERED NUMBER: 11310605)

Balance Sheet - continued
30 April 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 & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





K Patel - Director


K&P HOMES LTD (REGISTERED NUMBER: 11310605)

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

1. STATUTORY INFORMATION

K&P Homes 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.

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 Profit & 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.

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.

3. EMPLOYEES AND DIRECTORS

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

K&P HOMES LTD (REGISTERED NUMBER: 11310605)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 835
Additions 599
Disposals (835 )
At 30 April 2024 599
DEPRECIATION
At 1 May 2023 718
Charge for year 198
Eliminated on disposal (718 )
At 30 April 2024 198
NET BOOK VALUE
At 30 April 2024 401
At 30 April 2023 117

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 490,092
NET BOOK VALUE
At 30 April 2024 490,092
At 30 April 2023 490,092

Fair value at 30 April 2024 is represented by:
£   
Cost 490,092

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

30.4.24 30.4.23
£    £   
Cost 490,092 490,092

Investment properties were valued on an open market basis on 30 April 2022 by directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 173 129

All debtors within one year and have therefore not been discounted.

K&P HOMES LTD (REGISTERED NUMBER: 11310605)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 3,423 2,879
Other creditors 501,525 501,411
504,948 504,290

All creditors payable within one year and have therefore not been discounted.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100