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REGISTERED NUMBER: 12642259 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KYTE DAKOS PROPERTY LIMITED

KYTE DAKOS PROPERTY LIMITED (REGISTERED NUMBER: 12642259)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KYTE DAKOS PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: M D Kyte
D M Kyte
D Dakos





REGISTERED OFFICE: 55 Loudoun Road
London
United Kingdom
NW8 0DL





REGISTERED NUMBER: 12642259 (England and Wales)





ACCOUNTANTS: MGR Weston Kay LLP
Chartered Accountants
55 Loudoun Road
St John's Wood
London
NW8 0DL

KYTE DAKOS PROPERTY LIMITED (REGISTERED NUMBER: 12642259)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £   
CURRENT ASSETS
Stocks 4 1,318,086 532,372
Debtors 5 24,071 11,465
Cash at bank and in hand 2,813 5,016
1,344,970 548,853
CREDITORS
Amounts falling due within one year 6 (410,626 ) (10,790 )
NET CURRENT ASSETS 934,344 538,063
TOTAL ASSETS LESS CURRENT LIABILITIES 934,344 538,063

CREDITORS
Amounts falling due after more than one
year

7

(967,670

)

(560,378

)
NET LIABILITIES (33,326 ) (22,315 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and loss reserves (33,426 ) (22,415 )
SHAREHOLDERS' FUNDS (33,326 ) (22,315 )

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

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

KYTE DAKOS PROPERTY LIMITED (REGISTERED NUMBER: 12642259)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





M D Kyte - Director


KYTE DAKOS PROPERTY LIMITED (REGISTERED NUMBER: 12642259)

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


1. STATUTORY INFORMATION

Kyte Dakos Property Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 ODL.

2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Going concern
At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. The directors have confirmed that they will continue to make funds available in order to ensure that the company can meet its day to day liabilities as they fall due.

3. EMPLOYEES AND DIRECTORS

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

4. STOCKS
30.6.24 30.6.23
£    £   
Work-in-progress 1,318,086 532,372

During the year £78,993 (2023: £35,536) of interest costs directly attributable to the financing of the work in progress held were capitalised at a rate of 10%. The total capitalised interest at 30 June 2024 was £143,421 (2023: £64,428).

KYTE DAKOS PROPERTY LIMITED (REGISTERED NUMBER: 12642259)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 13,720 -
Amounts owed by participating interests 100 -
Other debtors 10,251 11,465
24,071 11,465

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 337,821 -
Trade creditors 26,819 7,461
Amounts owed to participating interests 739 429
Amounts owed to joint ventures 26,400 -
Other creditors 18,847 2,900
410,626 10,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 332,140 -
Amounts owed to group undertakings 635,530 560,378
967,670 560,378

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary share capital £1 100 100