KBX Properties Limited 13758354 false 2022-12-01 2024-04-30 2024-04-30 The principal activity of the company is Buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13758354 2022-12-01 2024-04-30 13758354 2024-04-30 13758354 bus:OrdinaryShareClass1 2024-04-30 13758354 core:RetainedEarningsAccumulatedLosses 2024-04-30 13758354 core:ShareCapital 2024-04-30 13758354 core:CurrentFinancialInstruments 2024-04-30 13758354 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13758354 core:FurnitureFittingsToolsEquipment 2024-04-30 13758354 core:MotorVehicles 2024-04-30 13758354 bus:SmallEntities 2022-12-01 2024-04-30 13758354 bus:AuditExemptWithAccountantsReport 2022-12-01 2024-04-30 13758354 bus:FilletedAccounts 2022-12-01 2024-04-30 13758354 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2024-04-30 13758354 bus:RegisteredOffice 2022-12-01 2024-04-30 13758354 bus:Director1 2022-12-01 2024-04-30 13758354 bus:OrdinaryShareClass1 2022-12-01 2024-04-30 13758354 bus:PrivateLimitedCompanyLtd 2022-12-01 2024-04-30 13758354 core:FurnitureFittings 2022-12-01 2024-04-30 13758354 core:FurnitureFittingsToolsEquipment 2022-12-01 2024-04-30 13758354 core:MotorVehicles 2022-12-01 2024-04-30 13758354 1 2022-12-01 2024-04-30 13758354 countries:EnglandWales 2022-12-01 2024-04-30 13758354 2022-11-30 13758354 core:FurnitureFittingsToolsEquipment 2022-11-30 13758354 core:MotorVehicles 2022-11-30 13758354 2021-11-22 2022-11-30 13758354 2022-11-30 13758354 bus:OrdinaryShareClass1 2022-11-30 13758354 core:RetainedEarningsAccumulatedLosses 2022-11-30 13758354 core:ShareCapital 2022-11-30 13758354 core:CurrentFinancialInstruments 2022-11-30 13758354 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 13758354 core:FurnitureFittingsToolsEquipment 2022-11-30 13758354 core:MotorVehicles 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13758354

KBX Properties Limited

Unaudited Filleted Financial Statements

for the Period from 1 December 2022 to 30 April 2024

 

KBX Properties Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

KBX Properties Limited

(Registration number: 13758354)
Balance Sheet as at 30 April 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

66,898

82,573

Investment property

5

438,484

203,891

 

505,382

286,464

Current assets

 

Debtors

6

45,409

1,324

Cash at bank and in hand

 

15,257

8,796

 

60,666

10,120

Creditors: Amounts falling due within one year

7

(582,239)

(298,320)

Net current liabilities

 

(521,573)

(288,200)

Net liabilities

 

(16,191)

(1,736)

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

(16,192)

(1,737)

Shareholders' deficit

 

(16,191)

(1,736)

For the financial period ending 30 April 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 members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2024
 

.........................................
L D J Gharib
Director

 

KBX Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 30 April 2024

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
26 South Saint Mary's Gate
Grimsby
North East Lincolnshire
DN31 1LW

The principal place of business is:
The Bond
180-182 Fazeley Street
Birmingham
B5 5SE

These financial statements were authorised for issue by the director on 25 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared for the individual entity and are presented in sterling and rounded to the nearest pound.

Disclosure of long or short period

The period covered by the financial statements is 1 December 2022 to 30 April 2024. This financial period has been extended to be a 17 month period (2022: 12 months) and therefore the comparatives are not entirely comparable.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

KBX Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 30 April 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

20% straight line

Fixtures and fittings

25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 1 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

-

85,420

85,420

Additions

3,688

5,150

8,838

At 30 April 2024

3,688

90,570

94,258

Depreciation

At 1 December 2022

-

2,847

2,847

Charge for the period

311

24,202

24,513

At 30 April 2024

311

27,049

27,360

Carrying amount

At 30 April 2024

3,377

63,521

66,898

At 30 November 2022

-

82,573

82,573

 

KBX Properties Limited

Notes to the Unaudited Financial Statements for the Period from 1 December 2022 to 30 April 2024

5

Investment properties

2024
£

At 1 December

203,891

Additions

234,593

At 30 April

438,484

The investment properties are held at fair value with the basis of the valuation being the open market value of the properties.

Had this class of asset been measured on a historical cost basis, the carrying amount would be £203,891.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2022
£

Prepayments

45,409

1,324

 

45,409

1,324

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Loans and borrowings

9

114

114

Accruals and deferred income

 

4,340

1,200

Other creditors

 

577,785

297,006

 

582,239

298,320

8

Share capital

Allotted, called up and fully paid shares

2024

2022

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

9

Loans and borrowings

Current loans and borrowings

2024
£

2022
£

Other borrowings

114

114