Company Registration No. 07630968 (England and Wales)
KJM PROPERTIES LIMITED
Unaudited accounts
for the year ended 30 April 2024
KJM PROPERTIES LIMITED
Unaudited accounts
Contents
KJM PROPERTIES LIMITED
Company Information
for the year ended 30 April 2024
Director
Karon Lesley Swinden
Company Number
07630968 (England and Wales)
Registered Office
36 Chesterfield Road
Market Street
Chesterfield
Derbyshire
S43 3UT
Accountants
Hammond & Co
36 Chesterfield Road
Market Street
Staveley
Derbyshire
S43 3UT
KJM PROPERTIES LIMITED
Statement of financial position
as at 30 April 2024
Tangible assets
53,796
1,825
Investment property
4,236,560
4,236,560
Cash at bank and in hand
20,624
37,988
Creditors: amounts falling due within one year
(314,223)
(302,961)
Net current liabilities
(215,302)
(217,147)
Total assets less current liabilities
4,075,054
4,021,238
Creditors: amounts falling due after more than one year
(317,480)
(344,098)
Provisions for liabilities
Deferred tax
(10,221)
(347)
Net assets
3,747,353
3,676,793
Called up share capital
128
102
Revaluation reserve
2,929,000
2,929,000
Profit and loss account
818,225
747,691
Shareholders' funds
3,747,353
3,676,793
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 November 2024 and were signed on its behalf by
Karon Lesley Swinden
Director
Company Registration No. 07630968
KJM PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
KJM PROPERTIES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07630968. The registered office is 36 Chesterfield Road, Market Street, Chesterfield, Derbyshire, S43 3UT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
12,000
-
2,386
14,386
Additions
-
69,781
-
69,781
At 30 April 2024
12,000
69,781
2,386
84,167
At 1 May 2023
10,970
-
1,591
12,561
Charge for the year
206
17,445
159
17,810
At 30 April 2024
11,176
17,445
1,750
30,371
At 30 April 2024
824
52,336
636
53,796
At 30 April 2023
1,030
-
795
1,825
Fair value at 1 May 2023
4,236,560
At 30 April 2024
4,236,560
KJM PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
76,110
47,826
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
99,659
99,659
Trade creditors
(2,914)
15,875
Taxes and social security
6,671
21,334
Other creditors
76,442
43,860
Loans from directors
134,365
119,806
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
262,746
344,098
Obligations under finance leases and hire purchase contracts
54,734
-
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).