2023-06-01 2024-05-31 SC731973 K2D Properties Limited false SC731973 2023-06-01 2024-05-31 SC731973 uk-bus:Director1 2023-06-01 2024-05-31 SC731973 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC731973 uk-bus:SmallEntities 2023-06-01 2024-05-31 SC731973 uk-bus:FullAccounts 2023-06-01 2024-05-31 SC731973 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC731973 2023-06-01 SC731973 2024-05-31 SC731973 2023-05-31 xbrli:pure iso4217:GBP SC731973 2022-06-01 2023-05-31
Company Registration Number : SC731973 (Scotland)
SC731973
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-05-31
false
K2D Properties Limited
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-06-01
K2D Properties Limited
Unaudited filleted financial statements
For the year ended 31 May 2024
K2D Properties Limited
Contents
For the year ended 31 May 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


K2D Properties Limited
Company Information
For the year ended 31 May 2024

Company registration number SC731973 (Scotland)
Directors Dheeraj Chikmagalur Mallappa
Kavya Bethur Vijayakumar
Registered office address 5 Amos Crossway
Edinburgh
United Kingdom
EH12 8FA
Accountant DNS Accountants
Chartered Accountants
382 Kenton Road
Harrow, Middlesex
United kingdom
HA3 8DP
K2D Properties Limited
Statement of Financial Position
For the year ended 31 May 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 1,030 -
Investment Property 349,930 349,930
5 350,960 349,930
Current assets
Cash and cash equivalents 9,451 5,853
9,451 5,853
Current liabilities
Creditors: Amounts falling due within one year (17,699) (16,750)
Corporation tax payable (646) (749)
(18,344) (17,499)
Net current (liabilities)/assets (8,894) (11,646)
Total assets less current liabilities 342,067 338,284
Non-current liabilities
Creditors: Amounts falling due after more than one year (335,089) (335,089)
Net assets/(liabilities) 6,978 3,195
Capital and reserves
Called up share capital 2 2
Retained earnings 6,976 3,193
Shareholders' funds 6,978 3,195
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 May 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared 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.
Approved by the Board on 11 November 2024
.............................
Dheeraj Chikmagalur Mallappa (Director)
Company registration number: SC731973
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-05-31 31 May 2024
2024 2023
£ £
Fixed Assets 350,960 349,930
Current Assets 9,451 5,853
Creditors: amounts falling due within one year (18,344) (17,499)
Net current assets (liabilities) (8,894) (11,646)
Total assets less current liabilities 342,067 338,284
CREDITORS: Amounts falling due more than one year (335,089) (335,089)
Net Assets (liabilities) 6,978 3,195
Capital and Reserves 6,978 3,195
For the year ending 31/05/2024 the company was entitled to exemption 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. For the year ending 31-05-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 11 November 2024 2024-11-11 and signed on behalf of the board,
.............................
Dheeraj Chikmagalur Mallappa
Director
Company registration number: SC731973
K2D Properties Limited
Notes to the Financial Statements
For the year ended 31 May 2024

(1) General Information
The company is a private company limited by shares and is registered in Scotland. The address of the registered office is 5 Amos Crossway, Edinburgh, United Kingdom, EH12 8FA.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Rental income
Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% reducing balance
Equipment
Motor Cars
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 0).

(5) Fixed assets
Tangible

£
Investments
Property
£
Totals

£
Cost
As at 01 June 2023-349,930349,930
Additions1,119-1,119
As at 31 May 20241,119349,930351,049
Depreciation/Amortisation
For the year89-89
As at 31 May 202489-89
Net book value
As at 31 May 20241,030349,930350,960
As at 31 May 2023-349,930349,930

(6) Investment Properties
These financial statements for the year ended 31 May 2024 are the financial statements of the company prepared in accordance with FRS 102 1A "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
The property is being measured at a fair value under FRS 102 1A and fair value gains and losses are reported in profit and loss.
FRS 102 1A also required deferred tax to be accounted for assets that are subject to revaluation. Consequently, No deferred tax recognize on 31 May 2024 to reflect under the provisions of FRS 102 1A.
The no gain or loss on revaluation on 31 May 2024 has been reported in profit and loss and the effect on profit for the year ended 31 May 2024.

(7) Creditors > 1 year (Mortgage Loans)
The mortgage loans are secured on the properties.