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
KTB Properties Limited
Company Information
for the year ended 31 March 2024
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
KTB Properties Limited
Statement of financial position
as at 31 March 2024
Investment property
1,970,000
1,919,000
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)
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
KTB Properties Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Fair value at 1 April 2023
1,919,000
Net gain from fair value adjustments
51,000
At 31 March 2024
1,970,000
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).