Registered number
11752418
KMK Investments Ltd
Filleted Accounts
31 January 2024
KMK Investments Ltd
Registered number: 11752418
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Investment property 3 345,514 346,276
Current assets
Debtors 4 389 389
Cash at bank and in hand 1,173 1,121
1,562 1,510
Creditors: amounts falling due within one year 5 (97,296) (99,896)
Net current liabilities (95,734) (98,386)
Total assets less current liabilities 249,780 247,890
Creditors: amounts falling due after more than one year 6 (254,320) (254,634)
Net liabilities (4,540) (6,744)
Capital and reserves
Called up share capital 2 2
Profit and loss account (4,542) (6,746)
Shareholders' funds (4,540) (6,744)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M Dattani
Director
Approved by the board on 21 October 2024
KMK Investments Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance 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.
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 as the amount of tax payable using 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 timing differences.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 343,228 5,860 349,088
At 31 January 2024 343,228 5,860 349,088
Depreciation
At 1 February 2023 - 2,812 2,812
Charge for the year - 762 762
At 31 January 2024 - 3,574 3,574
Net book value
At 31 January 2024 343,228 2,286 345,514
At 31 January 2023 343,228 3,048 346,276
The fair value of the investment properties has been arrived at on the basis of a valuation carried out at the year end by the director. The valuation was made on an open market basis by reference to market evidence of transaction prices of similar properties.
4 Debtors 2024 2023
£ £
Other debtors 389 389
5 Creditors: amounts falling due within one year 2024 2023
£ £
Other creditors 97,296 99,896
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 254,320 254,634
The bank loans are secured by way of a legal charge over the investment properties of the company.
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 254,320 254,634
8 Other information
KMK Investments Ltd is a private company limited by shares and incorporated in England. Its registered office is:
21 Copper Ridge
Chalfont St. Peter
London
SL9 0NF
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