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Company Registration No. 11823916 (England and Wales)
KPD Realty Ltd Unaudited accounts for the year ended 29 February 2024
KPD Realty Ltd Unaudited accounts Contents
Page
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KPD Realty Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
18,335,873 
18,335,873 
Investments
2 
2 
18,335,875 
18,335,875 
Current assets
Debtors
765,850 
787,321 
Cash at bank and in hand
334,406 
136,215 
1,100,256 
923,536 
Creditors: amounts falling due within one year
(344,872)
(211,877)
Net current assets
755,384 
711,659 
Total assets less current liabilities
19,091,259 
19,047,534 
Creditors: amounts falling due after more than one year
(130,487)
(100,103)
Provisions for liabilities
Deferred tax
(498,585)
(498,585)
Net assets
18,462,187 
18,448,846 
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
18,462,137 
18,448,796 
Shareholders' funds
18,462,187 
18,448,846 
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 director acknowledges his 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 19 November 2024 and were signed on its behalf by
Mr John Devine Director Company Registration No. 11823916
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KPD Realty Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
KPD Realty Ltd is a private company, limited by shares, registered in England and Wales, registration number 11823916. The registered office is Congress House, 14 Lyon Road, Middlesex, HA1 2EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. The comparatives have been reclassified to transfer Other Reserves £18,148,499 to profit and loss account reserves as the properties were transferred from the subsidiary at fair market value by way of a dividend.
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.
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliable measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rental Income Rental Income is recognised in the period in which the property is occupied by the tenants.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
All investment properties are carried at fair value normally determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature. Location or condition of the specific asset. No depreciation is provided for charges in fair value are recognised in the profit & Loss account. This year a full valuation was deferred due to current economic uncertainty but Director does not consider the current valuation in the accounts to be overstated.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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KPD Realty Ltd Notes to the Accounts for the year ended 29 February 2024
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024 
£ 
Fair value at 1 March 2023
18,335,873 
At 29 February 2024
18,335,873 
5
Investments
Subsidiary undertakings 
£ 
Valuation at 1 March 2023
2 
Valuation at 29 February 2024
2 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
22,461 
- 
Other debtors
735,873 
787,321 
758,334 
787,321 
Amounts falling due after more than one year
Other debtors
7,516 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
23,858 
2,340 
Taxes and social security
69,199 
96,122 
Other creditors
14,618 
12,568 
Loans from directors
223,997 
88,847 
Accruals
13,200 
12,000 
344,872 
211,877 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Amounts owed to group undertakings and other participating interests
74,103 
74,103 
Other creditors
56,384 
26,000 
130,487 
100,103 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
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KPD Realty Ltd Notes to the Accounts for the year ended 29 February 2024
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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