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REGISTERED NUMBER: 08057460 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

K WARBURTON PROPERTIES LIMITED

K WARBURTON PROPERTIES LIMITED (REGISTERED NUMBER: 08057460)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

K WARBURTON PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: K J Warburton
Ms K Tomlinson



REGISTERED OFFICE: Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB



REGISTERED NUMBER: 08057460 (England and Wales)



ACCOUNTANTS: Bradley Rhodes Limited
Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB



BANKERS: Barclays Bank plc
Queen Square
Wolverhampton
West Midlands
WV1 1DS

K WARBURTON PROPERTIES LIMITED (REGISTERED NUMBER: 08057460)

ABRIDGED BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,712,273 1,711,777

CURRENT ASSETS
Debtors 22,342 15,968
Cash at bank 7,508 3,702
29,850 19,670
CREDITORS
Amounts falling due within one year 33,421 20,957
NET CURRENT LIABILITIES (3,571 ) (1,287 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,708,702

1,710,490

CREDITORS
Amounts falling due after more than one
year

5

(1,692,392

)

(1,722,392

)

PROVISIONS FOR LIABILITIES 7 (327 ) -
NET ASSETS/(LIABILITIES) 15,983 (11,902 )

CAPITAL AND RESERVES
Called up share capital 8 50,100 50,100
Retained earnings (34,117 ) (62,002 )
SHAREHOLDERS' FUNDS 15,983 (11,902 )

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

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

K WARBURTON PROPERTIES LIMITED (REGISTERED NUMBER: 08057460)

ABRIDGED BALANCE SHEET - continued
31 May 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 Income Statement and an abridged Balance Sheet for the year ended 31 May 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 Board of Directors and authorised for issue on 11 November 2024 and were signed on its behalf by:





K J Warburton - Director


K WARBURTON PROPERTIES LIMITED (REGISTERED NUMBER: 08057460)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

K Warburton Properties 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.

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.
Freehold property - not provided
Long leasehold - not provided
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

K WARBURTON PROPERTIES LIMITED (REGISTERED NUMBER: 08057460)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 1,715,338
Additions 1,890
At 31 May 2024 1,717,228
DEPRECIATION
At 1 June 2023 3,561
Charge for year 1,394
At 31 May 2024 4,955
NET BOOK VALUE
At 31 May 2024 1,712,273
At 31 May 2023 1,711,777

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,347,392 1,347,392

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,347,392 1,347,392

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 327 -

Deferred
tax
£   
Provided during year 327
Balance at 31 May 2024 327

K WARBURTON PROPERTIES LIMITED (REGISTERED NUMBER: 08057460)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50,000 Ordinary £1 50,000 50,000
100 Ordinary B shares £1 100 100
50,100 50,100

K WARBURTON PROPERTIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
K WARBURTON PROPERTIES LIMITED

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 Abridged 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 31 May 2024 set out on pages three to eight 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.






Bradley Rhodes Limited
Beechcroft House
50 Sedgley Road West
Tipton
West Midlands
DY4 8AB


11 November 2024