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REGISTERED NUMBER: 10970557 (England and Wales)















KAPITI PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






KAPITI PROPERTY LIMITED (REGISTERED NUMBER: 10970557)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 4


KAPITI PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M J Fry B.V.Sc (1988) MRCVS
H C Fry





REGISTERED OFFICE: Westwood House
Evedon
Sleaford
Lincolnshire
NG34 9PA





REGISTERED NUMBER: 10970557 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

KAPITI PROPERTY LIMITED (REGISTERED NUMBER: 10970557)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 60,000 105,000
Investment property 5 1,318,271 1,294,271
1,378,271 1,399,271

CURRENT ASSETS
Debtors 6 2,018 1,950
Cash at bank 18,833 23,779
20,851 25,729
CREDITORS
Amounts falling due within one year 7 639,212 651,844
NET CURRENT LIABILITIES (618,361 ) (626,115 )
TOTAL ASSETS LESS CURRENT LIABILITIES 759,910 773,156

CAPITAL AND RESERVES
Called up share capital 8 1 1
Capital contribution reserve 749,504 749,504
Retained earnings 10,405 23,651
SHAREHOLDERS' FUNDS 759,910 773,156

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by:





M J Fry B.V.Sc (1988) MRCVS - Director


KAPITI PROPERTY LIMITED (REGISTERED NUMBER: 10970557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Kapiti Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering services

When the outcome of a transaction can be estimated reliably, turnover from rent is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to date of rent recieved.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

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 Income Statement, 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 statement of financial position date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

Investments
Investments are a form of basic financial instrument and are initially recognised at their transaction value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 October 2023 105,000
Other movement (45,000 )
At 30 September 2024 60,000

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Other investments are measured at cost less impairment.

KAPITI PROPERTY LIMITED (REGISTERED NUMBER: 10970557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,294,271
Additions 24,000
At 30 September 2024 1,318,271
NET BOOK VALUE
At 30 September 2024 1,318,271
At 30 September 2023 1,294,271

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 2,018 1,950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 69 131
Taxation and social security 39 9,398
Other creditors 639,104 642,315
639,212 651,844

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1