KPCM Residential Holdings Ltd 14666402 false 2023-02-16 2024-03-31 2024-03-31 The principal activity of the company is property management Digita Accounts Production Advanced 6.30.9574.0 true 14666402 2023-02-16 2024-03-31 14666402 2024-03-31 14666402 core:RetainedEarningsAccumulatedLosses 2024-03-31 14666402 core:CurrentFinancialInstruments 2024-03-31 14666402 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 14666402 bus:SmallEntities 2023-02-16 2024-03-31 14666402 bus:AuditExemptWithAccountantsReport 2023-02-16 2024-03-31 14666402 bus:FilletedAccounts 2023-02-16 2024-03-31 14666402 bus:SmallCompaniesRegimeForAccounts 2023-02-16 2024-03-31 14666402 bus:Director1 2023-02-16 2024-03-31 14666402 bus:PrivateLimitedCompanyLtd 2023-02-16 2024-03-31 14666402 countries:AllCountries 2023-02-16 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 14666402

KPCM Residential Holdings Ltd

Unaudited Financial Statements

for the Period from 16 February 2023 to 31 March 2024

 

KPCM Residential Holdings Ltd

(Registration number: 14666402)

Balance Sheet as at 31 March 2024

Note

2024
£

Fixed assets

 

Investment property

3

575,020

Current assets

 

Debtors

4

633

Cash at bank and in hand

 

14,122

 

14,755

Creditors: Amounts falling due within one year

5

(589,868)

Net current liabilities

 

(575,113)

Net liabilities

 

(93)

Capital and reserves

 

Retained earnings

(93)

Shareholders' deficit

 

(93)

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

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 14 November 2024
 

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

P H Caswell

Director

 

KPCM Residential Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 16 February 2023 to 31 March 2024

1

Accounting policies

Statutory information

KPCM Residential Holdings Ltd is a private company, limited by shares, domiciled in England and Wales, company number 14666402. The registered office is at 1a Park Drive, Sprotborough, Doncaster, DN5 7LA.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises rents receivable in the ordinary course of the company’s activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

2

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

KPCM Residential Holdings Ltd

Notes to the Unaudited Financial Statements for the Period from 16 February 2023 to 31 March 2024 (continued)

3

Investment properties

2024
£

Additions

575,020

At 31 March 2024

575,020

4

Debtors

2024
£

Prepayments

633

 

633

5

Creditors

Creditors: amounts falling due within one year

2024
£

Taxation and social security

447

Accruals and deferred income

500

Other creditors

588,921

589,868