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REGISTERED NUMBER: 10615621 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Kingdom Property Consultancy Ltd

Kingdom Property Consultancy Ltd (Registered number: 10615621)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kingdom Property Consultancy Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTOR: D W King





REGISTERED OFFICE: 97 Spring Lane
Lambley
Nottingham
NG4 4PF





REGISTERED NUMBER: 10615621 (England and Wales)





ACCOUNTANTS: Thompsons Accountancy Services Limited
Chartered Accountants
Grove House
1 Grove Place
Bedford
Bedfordshire
MK40 3JJ

Kingdom Property Consultancy Ltd (Registered number: 10615621)

Statement of Financial Position
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 792,000 628,000
792,000 628,000

CURRENT ASSETS
Debtors 7 1,387 2,158
Cash at bank 14,355 128,688
15,742 130,846
CREDITORS
Amounts falling due within one year 8 243,985 275,836
NET CURRENT LIABILITIES (228,243 ) (144,990 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,757

483,010

CREDITORS
Amounts falling due after more than one
year

9

(408,857

)

(381,164

)

PROVISIONS FOR LIABILITIES (56,163 ) (36,415 )
NET ASSETS 98,737 65,431

CAPITAL AND RESERVES
Allotted, called up and fully paid share
capital

1

1
Fair value reserve 12 168,490 109,246
Retained earnings (69,754 ) (43,816 )
SHAREHOLDERS' FUNDS 98,737 65,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kingdom Property Consultancy Ltd (Registered number: 10615621)

Statement of Financial Position - continued
29 February 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 November 2024 and were signed by:





D W King - Director


Kingdom Property Consultancy Ltd (Registered number: 10615621)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Kingdom Property Consultancy Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Kingdom Property Consultancy Ltd (Registered number: 10615621)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 425
DEPRECIATION
At 1 March 2023
and 29 February 2024 425
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 628,000
Additions 85,008
Revaluations 78,992
At 29 February 2024 792,000
NET BOOK VALUE
At 29 February 2024 792,000
At 28 February 2023 628,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2022 115,151
Valuation in 2023 30,510
Valuation in 2024 78,992
Cost 567,347
792,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors - 925
Prepayments 1,387 1,233
1,387 2,158

Kingdom Property Consultancy Ltd (Registered number: 10615621)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts (see note 10) 1,222 1,192
Other loans (see note 10) 145,000 138,427
Other creditors 7,782 2,093
Directors' current accounts 88,248 132,748
Accrued expenses 1,733 1,376
243,985 275,836

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.2.24 28.2.23
£    £   
Bank loans (see note 10) 408,857 381,164

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 407,286 378,371

10. LOANS

An analysis of the maturity of loans is given below:

29.2.24 28.2.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,222 1,192
Other loans 145,000 138,427
146,222 139,619

Amounts falling due between one and two years:
Bank loans - 1-2 years 1,571 1,222

Amounts falling due between two and five years:
Bank loans - 2-5 years - 1,571

Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 407,286 378,371

Kingdom Property Consultancy Ltd (Registered number: 10615621)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

29.2.24 28.2.23
£    £   
Bank loans 410,079 382,356

The borrowings from The Mortgage Company Limited are secured by a legal mortgage over the properties known as 34 Albany Street, Hull HU3 1PL and registered at the Land Registry under title number HS52460. 15 Wynburg Street, HU9 29A and registered at the Land Registry under title number HS205666..156 St Albans Road, NG5 6GW and registered at the Land Registry under title number NT326743,56 52 tunis street, HU16 5DF and registered at the Land Registry under title number HS191746.

12. RESERVES
Fair
value
reserve
£   
At 1 March 2023 109,246
Transfer to/from fair value reserve 59,244

At 29 February 2024 168,490