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REGISTERED NUMBER: 02536005 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 April 2024

for

K.C. Pettener Properties Limited

K.C. Pettener Properties Limited (Registered number: 02536005)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


K.C. Pettener Properties Limited (Registered number: 02536005)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 5,559,006 5,559,006
5,559,006 5,559,006

CURRENT ASSETS
Debtors 6 31,224 60,356
Cash at bank 199,273 383,894
230,497 444,250
CREDITORS
Amounts falling due within one year 7 1,205,509 1,482,814
NET CURRENT LIABILITIES (975,012 ) (1,038,564 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,583,994 4,520,442

PROVISIONS FOR LIABILITIES 507,703 385,389
NET ASSETS 4,076,291 4,135,053

CAPITAL AND RESERVES
Called up share capital 751,000 751,000
Non distributable reserve 1,778,008 1,900,322
Retained earnings 1,547,283 1,483,731
SHAREHOLDERS' FUNDS 4,076,291 4,135,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





K C Pettener - Director


K.C. Pettener Properties Limited (Registered number: 02536005)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

K.C. Pettener Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02536005

Registered office: Brookside House
Union Street
Macclesfield
Cheshire
SK11 6QG

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


2. ACCOUNTING POLICIES

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 15% 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 Profit and Loss Account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Rental income
All rental income received or receivable in respect of properties is credited to revenue on an accruals basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

K.C. Pettener Properties Limited (Registered number: 02536005)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 May 2023
and 30 April 2024 33,014 11,950 5,666 50,630
DEPRECIATION
At 1 May 2023
and 30 April 2024 33,014 11,950 5,666 50,630
NET BOOK VALUE
At 30 April 2024 - - - -
At 30 April 2023 - - - -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 5,559,006
NET BOOK VALUE
At 30 April 2024 5,559,006
At 30 April 2023 5,559,006

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2016 1,239,023
Valuation in 2022 791,790
Cost 3,528,193
5,559,006

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 3,528,193 1,883,339

Investment property was valued on an open market basis on 30 April 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 31,224 60,356

K.C. Pettener Properties Limited (Registered number: 02536005)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 665,278
Trade creditors - 537
Taxation and social security 28,980 15,326
Other creditors 1,176,529 801,673
1,205,509 1,482,814