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REGISTERED NUMBER: 06829627 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

KYRLE PROPERTIES LTD

KYRLE PROPERTIES LTD (REGISTERED NUMBER: 06829627)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

KYRLE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mrs A R Callen
Mrs O R Turner
Dr S J Turner





SECRETARY: Mrs O R Turner





REGISTERED OFFICE: 77 Upper Barn Copse
Fair Oak
Eastleigh
Hampshire
SO50 8DB





REGISTERED NUMBER: 06829627 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ

KYRLE PROPERTIES LTD (REGISTERED NUMBER: 06829627)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,587 7,613
Investment property 5 1,972,960 1,959,676
1,983,547 1,967,289

CURRENT ASSETS
Debtors 6 9,856 15,134
Cash at bank 163,105 207,797
172,961 222,931
CREDITORS
Amounts falling due within one year 7 4,508 4,213
NET CURRENT ASSETS 168,453 218,718
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,152,000

2,186,007

PROVISIONS FOR LIABILITIES 2,644 709
NET ASSETS 2,149,356 2,185,298

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 1,345,141 1,345,141
Fair value reserve 8 315,721 315,721
Retained earnings 487,494 523,436
SHAREHOLDERS' FUNDS 2,149,356 2,185,298

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 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.

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 10 March 2025 and were signed on its behalf by:





Mrs A R Callen - Director


KYRLE PROPERTIES LTD (REGISTERED NUMBER: 06829627)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Kyrle Properties 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.

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 as modified by the revaluation of certain assets.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost included expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed and if appropriate are adjusted if there is an indication of a significant change since the last reporting date.

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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

OPERATING LEASES
Rentals receivable under operating leases are charged to the profit and loss account on an accruals basis over the term of the lease.

SHORT-TERM DEBTORS AND CREDITORS
Debtors and creditors receivable and payable within one year or upon demand are recorded at transaction price whether or not a rate of interest is charged on the balance.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

KYRLE PROPERTIES LTD (REGISTERED NUMBER: 06829627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 August 2023 10,078 2,287 12,365
Additions - 6,503 6,503
At 31 July 2024 10,078 8,790 18,868
DEPRECIATION
At 1 August 2023 3,133 1,619 4,752
Charge for year 1,736 1,793 3,529
At 31 July 2024 4,869 3,412 8,281
NET BOOK VALUE
At 31 July 2024 5,209 5,378 10,587
At 31 July 2023 6,945 668 7,613

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,959,676
Additions 13,284
At 31 July 2024 1,972,960
NET BOOK VALUE
At 31 July 2024 1,972,960
At 31 July 2023 1,959,676

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2011 (157,250 )
Valuation in 2013 133,376
Valuation in 2017 370,001
Valuation in 2021 19,010
Valuation in 2022 (48,580 )
Cost 1,656,403
1,972,960

Investment properties are included at a valuation of £1,972,960 at 31 July 2024 (2023: £1,959,676). This valuation is based on an assessment of the open market value of the property as determined by the directors based on a review of local property trends.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 9,218
VAT 277 72
Accrued income 422 280
Prepayments 9,157 5,564
9,856 15,134

KYRLE PROPERTIES LTD (REGISTERED NUMBER: 06829627)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 507 404
Other creditors 34 -
Directors' current accounts 2,183 2,183
Accrued expenses 1,784 1,626
4,508 4,213

8. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 315,721

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a balance of £2,183 (2023: £2,183) was owed to the Directors. This amount is repayable on demand and no interest is charged.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KYRLE PROPERTIES LTD

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kyrle Properties Ltd for the year ended 31 July 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kyrle Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kyrle Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Kyrle Properties Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kyrle Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kyrle Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kyrle Properties Ltd. You consider that Kyrle Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kyrle Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ


Date: .............................................