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REGISTERED NUMBER: 12066866 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Kc Properties 1935 Ltd

Kc Properties 1935 Ltd (Registered number: 12066866)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Kc Properties 1935 Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M S Sarussi
Mrs C A Sarussi





REGISTERED OFFICE: 99 Gateland Lane
Shadwell
Leeds
LS17 8LW





REGISTERED NUMBER: 12066866 (England and Wales)





ACCOUNTANTS: Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE

Kc Properties 1935 Ltd (Registered number: 12066866)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 260,000 260,000

CURRENT ASSETS
Cash at bank and in hand 1,106 1,524

CREDITORS
Amounts falling due within one year 5 27,470 54,604
NET CURRENT LIABILITIES (26,364 ) (53,080 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

233,636

206,920

CREDITORS
Amounts falling due after more than one
year

6

(180,000

)

(146,676

)

PROVISIONS FOR LIABILITIES (14,490 ) (14,490 )
NET ASSETS 39,146 45,754

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 7 43,471 43,471
Retained earnings (4,327 ) 2,281
39,146 45,754

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

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

Kc Properties 1935 Ltd (Registered number: 12066866)

Balance Sheet - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





M S Sarussi - Director


Kc Properties 1935 Ltd (Registered number: 12066866)

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

1. STATUTORY INFORMATION

Kc Properties 1935 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 260,000
NET BOOK VALUE
At 30 June 2024 260,000
At 30 June 2023 260,000

Kc Properties 1935 Ltd (Registered number: 12066866)

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

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2024 is represented by:

Land and
buildings
£   
Valuation in 2022 57,961
Cost 202,039
260,000

The properties have been valued by the directors based on the current tenancies and their knowledge of the local markets. The surplus on revaluation has been credited to property investment revaluation reserve.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 1,643 1,499
Taxation and social security - 535
Other creditors 25,827 52,570
27,470 54,604

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 180,000 146,676

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 180,000 146,676

7. RESERVES
Non-distribu
reserve
£   
At 1 July 2023
and 30 June 2024 43,471

The transfer between reserves represents the reclassification of investment property valuation gains and losses (net of associated deferred tax) into an other reserve, on the basis that the net valuation gains are not available for distribution to shareholders.

Revaluations £57,961 less deferred tax £14,490 non-distributable reserve £43,471..

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

In other creditors, £24,828 (2023 - £49,877) refers to monies owed by the company to the directors. This is repayable on demand and it is interest free.

Kc Properties 1935 Ltd

Report of the Accountants to the Directors of
Kc Properties 1935 Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Leon & Company
Chartered Accountants
100 High Ash Drive
Alwoodley
Leeds
West Yorkshire
LS17 8RE


Date: .............................................