IRIS Accounts Production v24.3.0.553 10301920 director 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Fair value model Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh103019202023-03-31103019202024-03-31103019202023-04-012024-03-31103019202022-03-31103019202022-04-012023-03-31103019202023-03-3110301920ns15:EnglandWales2023-04-012024-03-3110301920ns14:PoundSterling2023-04-012024-03-3110301920ns10:Director12023-04-012024-03-3110301920ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110301920ns10:SmallEntities2023-04-012024-03-3110301920ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110301920ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110301920ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110301920ns10:FullAccounts2023-04-012024-03-3110301920ns10:OrdinaryShareClass12023-04-012024-03-3110301920ns10:RegisteredOffice2023-04-012024-03-3110301920ns5:CurrentFinancialInstruments2024-03-3110301920ns5:CurrentFinancialInstruments2023-03-3110301920ns5:ShareCapital2024-03-3110301920ns5:ShareCapital2023-03-3110301920ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3110301920ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3110301920ns5:RetainedEarningsAccumulatedLosses2024-03-3110301920ns5:RetainedEarningsAccumulatedLosses2023-03-3110301920ns5:FurnitureFittings2023-04-012024-03-3110301920ns5:ComputerEquipment2023-04-012024-03-3110301920ns5:FurnitureFittings2023-03-3110301920ns5:ComputerEquipment2023-03-3110301920ns5:FurnitureFittings2024-03-3110301920ns5:ComputerEquipment2024-03-3110301920ns5:FurnitureFittings2023-03-3110301920ns5:ComputerEquipment2023-03-3110301920ns5:AdditionsToInvestments2024-03-3110301920ns5:CostValuation2024-03-3110301920ns10:OrdinaryShareClass12024-03-3110301920ns5:RetainedEarningsAccumulatedLosses2023-03-3110301920ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3110301920ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 10301920 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

KBB Properties Limited

KBB Properties Limited (Registered number: 10301920)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KBB Properties Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs E Banks





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY





REGISTERED NUMBER: 10301920 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

KBB Properties Limited (Registered number: 10301920)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 30 170
Investments 5 100 -
Investment property 6 2,000,000 1,882,423
2,000,130 1,882,593

CURRENT ASSETS
Debtors 7 151,200 151,300
Cash at bank 876 5,546
152,076 156,846
CREDITORS
Amounts falling due within one year 8 (1,985,988 ) (1,981,829 )
NET CURRENT LIABILITIES (1,833,912 ) (1,824,983 )
TOTAL ASSETS LESS CURRENT LIABILITIES 166,218 57,610

PROVISIONS FOR LIABILITIES (22,288 ) (32 )
NET ASSETS 143,930 57,578

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 127,816 -
Retained earnings 10 16,014 57,478
SHAREHOLDERS' FUNDS 143,930 57,578

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KBB Properties Limited (Registered number: 10301920)

Balance Sheet - continued
31 March 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 director and authorised for issue on 25 November 2024 and were signed by:





Mrs E Banks - Director


KBB Properties Limited (Registered number: 10301920)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

KBB 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 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 NIL (2023 - NIL).

KBB Properties Limited (Registered number: 10301920)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 15,912 1,835 17,747
DEPRECIATION
At 1 April 2023 15,742 1,835 17,577
Charge for year 140 - 140
At 31 March 2024 15,882 1,835 17,717
NET BOOK VALUE
At 31 March 2024 30 - 30
At 31 March 2023 170 - 170

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 100
At 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,882,423
Revaluations 117,577
At 31 March 2024 2,000,000
NET BOOK VALUE
At 31 March 2024 2,000,000
At 31 March 2023 1,882,423

KBB Properties Limited (Registered number: 10301920)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 6,501
Valuation in 2020 4,382
Valuation in 2022 21,636
Valuation in 2024 117,577
Cost 1,849,904
2,000,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 1,849,904 1,849,904

Investment property was valued on an open market basis on 31 March 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 151,200 151,300

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 900 1,560
Tax - 2,313
Other creditors - 384
Directors' current accounts 1,984,141 1,976,371
Accrued expenses 947 1,201
1,985,988 1,981,829

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary A £1 100 100

KBB Properties Limited (Registered number: 10301920)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 57,478 - 57,478
Profit for the year 86,352 86,352
Assets revalued in period (127,816 ) 127,816 -
At 31 March 2024 16,014 127,816 143,830

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.