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Company No: 08945442 (England and Wales)

KAAN PROPERTY DEVELOPMENT LIMITED

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

KAAN PROPERTY DEVELOPMENT LIMITED

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

KAAN PROPERTY DEVELOPMENT LIMITED

COMPANY INFORMATION

For the financial year ended 29 February 2024
KAAN PROPERTY DEVELOPMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 February 2024
DIRECTOR Kevin Dranath Soobadoo
REGISTERED OFFICE 22 Chancery Lane
London
WC2A 1LS
United Kingdom
COMPANY NUMBER 08945442 (England and Wales)
KAAN PROPERTY DEVELOPMENT LIMITED

BALANCE SHEET

As at 29 February 2024
KAAN PROPERTY DEVELOPMENT LIMITED

BALANCE SHEET (continued)

As at 29 February 2024
Note 29.02.2024 28.02.2023
£ £
Current assets
Debtors 3 47,597 41,526
Cash at bank and in hand 4,313 18,898
51,910 60,424
Creditors: amounts falling due within one year 4 ( 7,726) ( 10,460)
Net current assets 44,184 49,964
Total assets less current liabilities 44,184 49,964
Creditors: amounts falling due after more than one year 5 ( 37,124) ( 42,683)
Net assets 7,060 7,281
Capital and reserves
Called-up share capital 100 100
Profit and loss account 6,960 7,181
Total shareholders' funds 7,060 7,281

For the financial 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.

Director's responsibilities:

The financial statements of KAAN Property Development Limited (registered number: 08945442) were approved and authorised for issue by the Director on 27 November 2024. They were signed on its behalf by:

Kevin Dranath Soobadoo
Director
KAAN PROPERTY DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
KAAN PROPERTY DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

KAAN Property Development Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 22 Chancery Lane, London, WC2A 1LS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for development property sold in the normal course of business. Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Borrowings

Interest free, on demand, loans from shareholders are measured at the undiscounted amounts payable.
Interest bearing loans are measured on an amortised cost basis

2. Employees

Year ended
29.02.2024
Period from
01.09.2021 to
28.02.2023
Number Number
Monthly average number of persons employed by the company during the year, including the director 0 0

3. Debtors

29.02.2024 28.02.2023
£ £
Amounts owed by connected companies 47,597 41,526

4. Creditors: amounts falling due within one year

29.02.2024 28.02.2023
£ £
Bank loans (secured) 6,276 6,276
Trade creditors 1,450 2,500
Corporation tax 0 1,684
7,726 10,460

5. Creditors: amounts falling due after more than one year

29.02.2024 28.02.2023
£ £
Bank loans (secured) 37,124 42,683

Amounts repayable after more than 5 years are included in creditors falling due over one year:

29.02.2024 28.02.2023
£ £
Bank loans (secured / repayable by instalments) 12,029 18,305