REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2024 |
for |
KAYES PROPERTY INVESTMENT LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2024 |
for |
KAYES PROPERTY INVESTMENT LTD |
KAYES PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12128830) |
Contents of the Financial Statements |
FOR THE YEAR ENDED 31 July 2024 |
Page |
Company Information | 1 |
Report of the Accountants | 2 |
Abridged Balance Sheet | 3 |
Notes to the Financial Statements | 5 |
KAYES PROPERTY INVESTMENT LTD |
Company Information |
FOR THE YEAR ENDED 31 July 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
4th Floor |
Radius House |
51 Clarendon Road |
Watford |
Hertfordshire |
WD17 1HP |
KAYES PROPERTY INVESTMENT LTD |
Report of the Accountants to the Director of |
Kayes Property Investment Ltd |
The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 July 2024 set out on pages three to five and you consider that the company is exempt from an audit. |
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
4th Floor |
Radius House |
51 Clarendon Road |
Watford |
Hertfordshire |
WD17 1HP |
Date: ............................................. |
KAYES PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12128830) |
Abridged Balance Sheet |
31 July 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 | ( |
) |
Investment property | 6 | 699,000 | 560,000 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Fair value reserve |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges her 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. |
KAYES PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12128830) |
Abridged Balance Sheet - continued |
31 July 2024 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
KAYES PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12128830) |
Notes to the Financial Statements |
FOR THE YEAR ENDED 31 July 2024 |
1. | STATUTORY INFORMATION |
Kayes Property Investment Ltd is a |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
At the balance sheet date, the company's liabilities exceed its assets. The company has received assurances from its shareholders that they will continue to give full financial support to the company for the next twelve months. |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
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. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 August 2023 |
and 31 July 2024 |
DEPRECIATION |
At 1 August 2023 |
Charge for year |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 | ( |
) |
At 31 July 2023 |
KAYES PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12128830) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 July 2024 |
6. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 August 2023 |
Revaluations | 139,000 |
At 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
Fair value at 31 July 2024 is represented by: |
£ |
Valuation in 2021 | (41,807 | ) |
Valuation in 2022 | (26,125 | ) |
Valuation in 2023 | 85,960 |
Valuation in 2024 | 139,000 |
Cost | 541,972 |
699,000 |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2024 | 2023 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 383,349 | 383,349 |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 1 | 1 |
KAYES PROPERTY INVESTMENT LTD (REGISTERED NUMBER: 12128830) |
Notes to the Financial Statements - continued |
FOR THE YEAR ENDED 31 July 2024 |
9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023: |
2024 | 2023 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |