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Company Registration No. 10579475 (England and Wales)
KKZ PROPERTIES LTD Unaudited accounts for the year ended 31 January 2024
KKZ PROPERTIES LTD Unaudited accounts Contents
Page
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KKZ PROPERTIES LTD Company Information for the year ended 31 January 2024
Directors
Kamran Zafar Farooqui Mohammad Khalid Javaid
Company Number
10579475 (England and Wales)
Registered Office
C/O Unit 1.14, Barking Enterprise Centre 50 Cambridge Road Barking Essex IG11 8FG England
Accountants
Cooper Harland Limited Unit 1.21, Barking Enterprise Centre 50 Cambridge Road Barking Essex IG11 8FG
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of KKZ PROPERTIES LTD for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KKZ PROPERTIES LTD for the year ended 31 January 2024 as set out on pages 5 - 8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of KKZ PROPERTIES LTD, as a body, in accordance with the terms of our engagement letter dated 1 February 2023. Our work has been undertaken solely to prepare for your approval the accounts of KKZ PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of KKZ 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/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KKZ PROPERTIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that KKZ 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 loss of KKZ PROPERTIES LTD. You consider that KKZ PROPERTIES LTD 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 accounts of KKZ PROPERTIES LTD. 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 accounts.
Cooper Harland Limited Chartered Certified Accountants Unit 1.21, Barking Enterprise Centre 50 Cambridge Road Barking Essex IG11 8FG 12 October 2024
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KKZ PROPERTIES LTD Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
266 
1,544 
Investment property
1,291,336 
1,243,336 
1,291,602 
1,244,880 
Current assets
Debtors
40,148 
20,023 
Cash at bank and in hand
7,862 
8,235 
48,010 
28,258 
Creditors: amounts falling due within one year
(2,550)
(1,800)
Net current assets
45,460 
26,458 
Total assets less current liabilities
1,337,062 
1,271,338 
Creditors: amounts falling due after more than one year
(1,393,370)
(1,308,890)
Net liabilities
(56,308)
(37,552)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(56,408)
(37,652)
Shareholders' funds
(56,308)
(37,552)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by
Kamran Zafar Farooqui Director Company Registration No. 10579475
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KKZ PROPERTIES LTD Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
KKZ PROPERTIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10579475. The registered office is C/O Unit 1.14, Barking Enterprise Centre, 50 Cambridge Road, Barking, Essex, IG11 8FG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25%
Computer equipment
33%
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KKZ PROPERTIES LTD Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
950 
3,150 
4,100 
At 31 January 2024
950 
3,150 
4,100 
Depreciation
At 1 February 2023
476 
2,080 
2,556 
Charge for the year
238 
1,040 
1,278 
At 31 January 2024
714 
3,120 
3,834 
Net book value
At 31 January 2024
236 
30 
266 
At 31 January 2023
474 
1,070 
1,544 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
1,243,336 
Additions
48,000 
At 31 January 2024
1,291,336 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,100 
- 
Other debtors
39,048 
20,023 
40,148 
20,023 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
2,550 
1,800 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
848,641 
765,000 
Other creditors
544,729 
543,890 
1,393,370 
1,308,890 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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KKZ PROPERTIES LTD Notes to the Accounts for the year ended 31 January 2024
10
Loans to directors
Ordinary share capital of the Company, as at 31/01/2022, @1 was as below: - Kamran Zafar Farooqui: 50 shares - Mohammad Khalid Javaid: 50 shares
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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