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REGISTERED NUMBER: 11135992 (England and Wales)















KPH PREMIER LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024






KPH PREMIER LIMITED (REGISTERED NUMBER: 11135992)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KPH PREMIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mrs P K Mann
K S Mann





REGISTERED OFFICE: 2nd Floor, One Hobbs House
Harrovian Business Village
Bessborough Road
Harrow
HA1 3EX





REGISTERED NUMBER: 11135992 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

KPH PREMIER LIMITED (REGISTERED NUMBER: 11135992)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 545,000 531,168

CURRENT ASSETS
Cash at bank 16,068 79,800

CREDITORS
Amounts falling due within one year 5 212,265 383,477
NET CURRENT LIABILITIES (196,197 ) (303,677 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,803

227,491

CREDITORS
Amounts falling due after more than one year 6 (252,720 ) (152,671 )

PROVISIONS FOR LIABILITIES 8 (19,047 ) (16,419 )
NET ASSETS 77,036 58,401

CAPITAL AND RESERVES
Called up share capital 9 500 500
Revaluation reserve 10 81,200 69,996
Retained earnings 10 (4,664 ) (12,095 )
SHAREHOLDERS' FUNDS 77,036 58,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

KPH PREMIER LIMITED (REGISTERED NUMBER: 11135992)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





K S Mann - Director


KPH PREMIER LIMITED (REGISTERED NUMBER: 11135992)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Kph Premier 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised when the properties are occupied.

Investment property
Although the Companies Act require the systematic annual depreciation of fixed assets, the directors believe the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of properties, and changes to that value, are of primary importance rather a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation and the amount that might otherwise have been included cannot be separately identified or quantified.

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.

Cash at bank and in hand
Cash at bank and in hand is represented by cash in hand and deposits held with financial institutions repayable without penalty or a notice of not less than 24 hour's.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

KPH PREMIER LIMITED (REGISTERED NUMBER: 11135992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 February 2023 531,168
Additions 3,832
Revaluations 10,000
At 31 January 2024 545,000
NET BOOK VALUE
At 31 January 2024 545,000
At 31 January 2023 531,168

Cost or valuation at 31 January 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2024 13,832 - 13,832
Cost 531,168 - 531,168
545,000 - 545,000

Freehold properties were revalued at the year-end date to their fair value of £545,000 by the Directors, based on their online research. If the freehold properties were included in the balance sheet on an historical cost basis, then the carrying amount would be £531,168 (2023 - £266,585). The directors are of the opinion that, given the static nature of the property market in recent times, the difference between the fair value and the estimated fair value was not significant, therefore they have adopted the fair value based on their research.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 180 180
Other creditors 212,085 383,297
212,265 383,477

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 252,720 152,671

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more than 5 years 252,720 152,671

KPH PREMIER LIMITED (REGISTERED NUMBER: 11135992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 252,720 152,671

The Bank loans are secured by way of a fixed charge over the company's properties 38 Farnborough Road, Clifton, NG11 8GF and 6 Arnside Close, Nottingham, NG5 5HJ.

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred Tax Movement 19,047 16,419

Deferred
tax
£   
Balance at 1 February 2023 16,419
Provided during year 2,628
Freehold Property Revaluation
Balance at 31 January 2024 19,047

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A Shares £1 100 100
100 Ordinary B Shares £1 100 100
100 Ordinary C Shares £1 100 100
100 Ordinary D Shares £1 100 100
100 Ordinary E Shares £1 100 100
500 500

All shares rank pari-passu in all respects.

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 February 2023 (12,095 ) 69,996 57,901
Profit for the year 7,431 7,431
Revaluation during the year - 11,204 11,204
At 31 January 2024 (4,664 ) 81,200 76,536

KPH PREMIER LIMITED (REGISTERED NUMBER: 11135992)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


11. RELATED PARTY DISCLOSURES

At the year-end date, included within creditors, amounts falling due within one year, is an amount of £204,204 (2023:£378,657) owed to the directors Mrs P Mann and Mr K Mann.

This amount is unsecured, interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The controlling parties are Mrs P Mann and K Mann.