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Company Registration No. 13178910 (England and Wales)
Kaizen Reece Property Ltd Unaudited accounts for the year ended 29 February 2024
Kaizen Reece Property Ltd Unaudited accounts Contents
Page
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Kaizen Reece Property Ltd Company Information for the year ended 29 February 2024
Directors
Harpreet Singh Sandhu Simran Jit Kaur Sandhu
Company Number
13178910 (England and Wales)
Registered Office
UNIT 2 BURLEY HOUSE ROWDITCH PLACE DERBY DE22 3LR ENGLAND
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Kaizen Reece Property Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
2,154,575 
1,225,248 
Current assets
Debtors
367,766 
32,037 
Cash at bank and in hand
6,944 
15,963 
374,710 
48,000 
Creditors: amounts falling due within one year
(434,959)
(289,003)
Net current liabilities
(60,249)
(241,003)
Total assets less current liabilities
2,094,326 
984,245 
Creditors: amounts falling due after more than one year
(1,613,116)
(913,797)
Net assets
481,210 
70,448 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
481,410 
88,821 
Profit and loss account
(201)
(18,374)
Shareholders' funds
481,210 
70,448 
For the year ending 29 February 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 directors acknowledge their 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 of Directors and authorised for issue on 25 November 2024 and were signed on its behalf by
Simran Jit Kaur Sandhu Director Company Registration No. 13178910
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Kaizen Reece Property Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Kaizen Reece Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13178910. The registered office is UNIT 2 BURLEY HOUSE, ROWDITCH PLACE, DERBY, DE22 3LR, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
1,225,248 
Additions
447,917 
Net gain from fair value adjustments
481,410 
At 29 February 2024
2,154,575 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
15,434 
32,037 
Amounts falling due after more than one year
Other debtors
352,332 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
164,051 
130,629 
Loans from directors
269,298 
157,544 
Accruals
1,610 
830 
434,959 
289,003 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,613,116 
913,797 
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Kaizen Reece Property Ltd Notes to the Accounts for the year ended 29 February 2024
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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