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Registration number: 11169422



Unaudited Financial Statements

for the Year Ended 31 January 2024

for

KCLS Properties Ltd
 

 

KCLS Properties Ltd

Contents

Company Information

1

Accountant's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

3

 

KCLS Properties Ltd

Company Information

Directors

Mr KJ Hardwick

Mrs CA Hardwick

Company secretary

Mr KJ Hardwick

Registered office

15 Lower Lanes Meadow
Seisdon
Wolverhampton
West Midlands
WV5 7HH

Accountant

Stephen Jones Accountants
Chartered Certified Accountants
King Edward House
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP

 

Chartered Certified Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
KCLS Properties Ltd
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of KCLS Properties Ltd for the year ended 31 January 2024 as set out on pages 3 to 4 from the company's accounting records and from information and explanations you have given me.

As a practising member firm of the Association of Chartered Certified Accountants, I am subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/discover/public-value/rulebook.html.

This report is made solely to the Board of Directors of KCLS Properties Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the accounts of KCLS Properties Ltd and state those matters that I have agreed to state to the Board of Directors of KCLS Properties Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than KCLS Properties Ltd and its Board of Directors as a body for my work or for this report.

It is your duty to ensure that KCLS Properties Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KCLS Properties Ltd. You consider that KCLS Properties Ltd is exempt from the statutory audit requirement for the year.

I have not been instructed to carry out an audit or a review of the accounts of KCLS Properties Ltd. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory accounts.

......................................

Stephen Jones Accountants
Chartered Certified Accountants
King Edward House
82 Stourbridge Road
Halesowen
West Midlands
B63 3UP

21 June 2024

 

KCLS Properties Ltd

(Registration number: 11169422)
Balance Sheet as at 31 January 2024

2024
£

2023
£

Fixed assets

335,883

465,727

Current assets

34,642

4,248

Creditors: Amounts falling due within one year

(231,825)

(410,487)

Net current liabilities

(197,183)

(406,239)

Total assets less current liabilities

138,700

59,488

Creditors: Amounts falling due after more than one year

(74,000)

(13,096)

 

64,700

46,392

Capital and reserves

64,700

46,392

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
15 Lower Lanes Meadow
Seisdon
Wolverhampton
West Midlands
WV5 7HH

These financial statements were authorised for issue by the Board on 21 June 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

3

Related party transactions

Included within creditors:amounts falling due within one year is £226,992 (2023 - £405,159) owed to the directors which has been introduced into the company to assist with the purchase of the rental properties and repayment of mortgage funding. This is held in a directors loan account and will only be repaid as cash flow permits.

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

 

KCLS Properties Ltd

(Registration number: 11169422)
Balance Sheet as at 31 January 2024

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 21 June 2024 and signed on its behalf by:
 

.........................................
Mr KJ Hardwick
Company secretary and director