1 April 2023 false No description of principal activity Taxfiler 2024.6 11163923business:PrivateLimitedCompanyLtd2023-04-012024-03-31 111639232023-03-31 111639232023-04-012024-03-31 11163923business:AuditExemptWithAccountantsReport2023-04-012024-03-31 11163923business:FilletedAccounts2023-04-012024-03-31 111639232024-03-31 11163923business:Director12023-04-012024-03-31 11163923business:RegisteredOffice2023-04-012024-03-31 111639232023-03-31 11163923core:WithinOneYear2024-03-31 11163923core:WithinOneYear2023-03-31 11163923core:AfterOneYear2024-03-31 11163923core:AfterOneYear2023-03-31 11163923core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11163923core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11163923core:RevaluationReservecore:PreviouslyStatedAmount2024-03-31 11163923core:RevaluationReservecore:PreviouslyStatedAmount2023-03-31 11163923core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11163923core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11163923core:PreviouslyStatedAmount2024-03-31 11163923core:PreviouslyStatedAmount2023-03-31 11163923business:SmallEntities2023-04-012024-03-31 11163923countries:EnglandWales2023-04-012024-03-31 11163923core:PlantMachinery2023-04-012024-03-31 11163923core:PlantMachinery2023-03-31 11163923core:PlantMachinery2024-03-31 111639232022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11163923 (England and Wales)
KTB Properties Limited Unaudited accounts for the year ended 31 March 2024
KTB Properties Limited Unaudited accounts Contents
Page
- 2 -
KTB Properties Limited Company Information for the year ended 31 March 2024
Director
K Banatvala
Company Number
11163923 (England and Wales)
Registered Office
Flat 21 Angel Point 330-336 City Road London EC1V 2PZ England
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
- 3 -
KTB Properties Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
661 
777 
Investment property
1,970,000 
1,919,000 
1,970,661 
1,919,777 
Current assets
Cash at bank and in hand
27,220 
61,035 
Creditors: amounts falling due within one year
(573,915)
(556,384)
Net current liabilities
(546,695)
(495,349)
Total assets less current liabilities
1,423,966 
1,424,428 
Creditors: amounts falling due after more than one year
(1,458,241)
(1,550,640)
Net liabilities
(34,275)
(126,212)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
51,000 
- 
Profit and loss account
(85,375)
(126,312)
Shareholders' funds
(34,275)
(126,212)
For the year ending 31 March 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 4 July 2024 and were signed on its behalf by
K Banatvala Director Company Registration No. 11163923
- 4 -
KTB Properties Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
KTB Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11163923. The registered office is Flat 21 Angel Point, 330-336 City Road, London, EC1V 2PZ, 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.
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.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
1,750 
At 31 March 2024
1,750 
Depreciation
At 1 April 2023
973 
Charge for the year
116 
At 31 March 2024
1,089 
Net book value
At 31 March 2024
661 
At 31 March 2023
777 
5
Investment property
2024 
£ 
Fair value at 1 April 2023
1,919,000 
Net gain from fair value adjustments
51,000 
At 31 March 2024
1,970,000 
- 5 -
KTB Properties Limited Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
573,915 
556,384 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
1,458,241 
1,550,640 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -