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REGISTERED NUMBER: 09702682 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30th September 2024

for

K S Developments (Hull) Limited

K S Developments (Hull) Limited (Registered number: 09702682)






Contents of the Financial Statements
for the year ended 30th September 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

K S Developments (Hull) Limited

Company Information
for the year ended 30th September 2024







DIRECTOR: K S Nagra



REGISTERED OFFICE: Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



REGISTERED NUMBER: 09702682 (England and Wales)



ACCOUNTANTS: Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX



BANKERS: Santander UK Plc
Bridle Road
Bootle
Merseyside
L30 4GB

K S Developments (Hull) Limited (Registered number: 09702682)

Abridged Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,618 2,321
Investment property 5 2,079,400 2,079,400
2,081,018 2,081,721

CURRENT ASSETS
Debtors 60,876 171,219
Cash at bank 15,572 24,463
76,448 195,682
CREDITORS
Amounts falling due within one year 120,299 407,290
NET CURRENT LIABILITIES (43,851 ) (211,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,037,167

1,870,113

CREDITORS
Amounts falling due after more than one
year

1,624,000

1,640,667
NET ASSETS 413,167 229,446

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 413,067 229,346
SHAREHOLDERS' FUNDS 413,167 229,446

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

K S Developments (Hull) Limited (Registered number: 09702682)

Abridged Balance Sheet - continued
30th September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th November 2024 and were signed by:





K S Nagra - Director


K S Developments (Hull) Limited (Registered number: 09702682)

Notes to the Financial Statements
for the year ended 30th September 2024

1. STATUTORY INFORMATION

K S Developments (Hull) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Rental income
Rental income is recognised using the accruals model and demonstrates the value of the consideration received or receivable, excluding any rebates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st October 2023
and 30th September 2024 3,948
DEPRECIATION
At 1st October 2023 1,627
Charge for year 703
At 30th September 2024 2,330
NET BOOK VALUE
At 30th September 2024 1,618
At 30th September 2023 2,321

K S Developments (Hull) Limited (Registered number: 09702682)

Notes to the Financial Statements - continued
for the year ended 30th September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 2,079,400
NET BOOK VALUE
At 30th September 2024 2,079,400
At 30th September 2023 2,079,400

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,624,000 1,624,000

The bank loan is secured by way of a fixed and floating charge over the company's assets.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
K S Developments (Hull) Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of K S Developments (Hull) Limited for the year ended 30th September 2024 which comprise the Income Statement, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of K S Developments (Hull) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of K S Developments (Hull) Limited and state those matters that we have agreed to state to the director of K S Developments (Hull) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than K S Developments (Hull) Limited and its director for our work or for this report.

It is your duty to ensure that K S Developments (Hull) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of K S Developments (Hull) Limited. You consider that K S Developments (Hull) Limited 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 financial statements of K S Developments (Hull) Limited. 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 financial statements.






Sadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX


14th November 2024