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
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
Kaizen Reece Property Ltd
Statement of financial position
as at 29 February 2024
Investment property
2,154,575
1,225,248
Cash at bank and in hand
6,944
15,963
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)
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
Kaizen Reece Property Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
Fair value at 1 March 2023
1,225,248
Net gain from fair value adjustments
481,410
At 29 February 2024
2,154,575
Amounts falling due within one year
Other debtors
15,434
32,037
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Other creditors
164,051
130,629
Loans from directors
269,298
157,544
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,613,116
913,797
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).