Registered number
12325159
KBH Properties (Wirral) Limited
Filleted Accounts
30 November 2024
KBH Properties (Wirral) Limited
Registered number: 12325159
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 93,519 93,519
Current assets
Debtors 4 2,258 2,124
Cash at bank and in hand 1,163 2,992
3,421 5,116
Creditors: amounts falling due within one year 5 (40,902) (37,973)
Net current liabilities (37,481) (32,857)
Total assets less current liabilities 56,038 60,662
Creditors: amounts falling due after more than one year 6 (40,560) (49,740)
Net assets 15,478 10,922
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,476 10,920
Shareholders' funds 15,478 10,922
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Diane Kelly
Director
Approved by the board on 3 March 2025
KBH Properties (Wirral) Limited
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 December 2023 93,519
At 30 November 2024 93,519
4 Debtors 2024 2023
£ £
Other debtors 2,258 2,124
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 4,125 3,819
Taxation and social security costs 1,069 1,045
Other creditors 35,708 33,109
40,902 37,973
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 40,560 49,740
7 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years 22,568 33,100
Secured bank loans 44,685 53,559
The company has given a fixed charge over the investment property as security for the loan.
8 Other information
KBH Properties (Wirral) Limited is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
CH44 4BT
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