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REGISTERED NUMBER: 12128830 (England and Wales)















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: Miss L Kuldip





REGISTERED OFFICE: 9 Julie Croft
Coseley
Bilston
West Midlands
WV14 8YT





REGISTERED NUMBER: 12128830 (England and Wales)





ACCOUNTANTS: Workwell People Solutions Limited
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.






Workwell People Solutions Limited
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 (3,078 ) 3,078
Investment property 6 699,000 560,000
695,922 563,078

CURRENT ASSETS
Debtors 20,441 20,441
Cash at bank 8,444 8,318
28,885 28,759
CREDITORS
Amounts falling due within one year (208,160 ) (208,311 )
NET CURRENT LIABILITIES (179,275 ) (179,552 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

516,647

383,526

CREDITORS
Amounts falling due after more than one
year

7

(383,349

)

(383,349

)

PROVISIONS FOR LIABILITIES (29,837 ) (3,427 )
NET ASSETS/(LIABILITIES) 103,461 (3,250 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Fair value reserve 127,192 14,602
Retained earnings (23,732 ) (17,853 )
SHAREHOLDERS' FUNDS 103,461 (3,250 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

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


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 11 March 2025 and were signed by:





Miss L Kuldip - Director


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 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.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost

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 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 9,234
DEPRECIATION
At 1 August 2023 6,156
Charge for year 6,156
At 31 July 2024 12,312
NET BOOK VALUE
At 31 July 2024 (3,078 )
At 31 July 2023 3,078

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 560,000
Revaluations 139,000
At 31 July 2024 699,000
NET BOOK VALUE
At 31 July 2024 699,000
At 31 July 2023 560,000

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: £    £   
1 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
£    £   
Miss L Kuldip
Balance outstanding at start of year (311 ) (311 )
Amounts advanced 108 -
Amounts repaid (108 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (311 ) (311 )