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REGISTERED NUMBER: 09694593 (England and Wales)











Unaudited Financial Statements

for the Period 1 April 2023 to 30 March 2024

for

K & P Lettings Limited

K & P Lettings Limited (Registered number: 09694593)






Contents of the Financial Statements
for the Period 1 April 2023 to 30 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & P Lettings Limited

Company Information
for the Period 1 April 2023 to 30 March 2024







DIRECTORS: K Twaites
P Twaites





REGISTERED OFFICE: Leofric House
Binley Road
Coventry
CV3 1JN





REGISTERED NUMBER: 09694593 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

K & P Lettings Limited (Registered number: 09694593)

Balance Sheet
30 March 2024

30.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Debtors 4 111,163 90,764
Cash at bank 5,462 20,961
116,625 111,725
CREDITORS
Amounts falling due within one year 5 59,518 50,157
NET CURRENT ASSETS 57,107 61,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,107

61,568

CREDITORS
Amounts falling due after more than one
year

6

34,042

39,353
NET ASSETS 23,065 22,215

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 23,064 22,214
SHAREHOLDERS' FUNDS 23,065 22,215

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 March 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.

K & P Lettings Limited (Registered number: 09694593)

Balance Sheet - continued
30 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 January 2025 and were signed on its behalf by:




K Twaites - Director



P Twaites - Director


K & P Lettings Limited (Registered number: 09694593)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 March 2024

1. STATUTORY INFORMATION

K & P Lettings 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

3. EMPLOYEES AND DIRECTORS

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

K & P Lettings Limited (Registered number: 09694593)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 March 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Trade debtors 35 3,250
Amounts owed by group undertakings 106,265 85,957
Other debtors 4,863 1,557
111,163 90,764

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,311 5,180
Trade creditors 10,034 6,791
Amounts owed to group undertakings 28,992 14,174
Taxation and social security 11,201 10,422
Other creditors 3,980 13,590
59,518 50,157

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.3.24 31.3.23
£    £   
Bank loans 34,042 39,353

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 11,421 17,290

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.3.24 31.3.23
£    £   
Within one year 184,420 147,100
Between one and five years 737,680 588,400
In more than five years 1,775,634 1,544,092
2,697,734 2,279,592

Lease payments recognised as an expense during the year amounted to £184,420 (2023: £147,100)

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K & P Twaites by virtue of their shareholding within K&P Twaites Property Limited, the ultimate parent company.