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REGISTERED NUMBER: 14939932 (England and Wales)















Unaudited Financial Statements

for the Period 16 June 2023 to 30 June 2024

for

KZN Property Limited

KZN Property Limited (Registered number: 14939932)






Contents of the Financial Statements
for the Period 16 June 2023 to 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KZN Property Limited

Company Information
for the Period 16 June 2023 to 30 June 2024







DIRECTORS: H R Mundy
T Moses





REGISTERED OFFICE: Suite 4 Second Floor
Honeycomb
7 - 15 Edmund Street
Liverpool
Merseyside
L3 9NG





BUSINESS ADDRESS: 29 Ruskin Road
Crewe
Cheshire
CW2 7JR





REGISTERED NUMBER: 14939932 (England and Wales)





ACCOUNTANTS: RM Burke & Co
Suite 4 Second Floor
Honeycomb
7 - 15 Edmund Street
Liverpool
Merseyside
L3 9NG

KZN Property Limited (Registered number: 14939932)

Statement of Financial Position
30 June 2024

Notes £    £   
FIXED ASSETS
Tangible assets 5 196,000

CURRENT ASSETS
Cash at bank 2,124

CREDITORS
Amounts falling due within one year 6 122,949
NET CURRENT LIABILITIES (120,825 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,175

CREDITORS
Amounts falling due after more than one
year

7

80,000
NET LIABILITIES (4,825 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (4,827 )
SHAREHOLDERS' FUNDS (4,825 )

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

The members have not required the company to obtain an audit of its financial statements for the period 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2025 and were signed on its behalf by:



H R Mundy - Director


KZN Property Limited (Registered number: 14939932)

Notes to the Financial Statements
for the Period 16 June 2023 to 30 June 2024

1. STATUTORY INFORMATION

KZN Property Limited 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.

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.
Land and buildings - 2% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

KZN Property Limited (Registered number: 14939932)

Notes to the Financial Statements - continued
for the Period 16 June 2023 to 30 June 2024

5. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 16 June 2023
and 30 June 2024 200,000
DEPRECIATION
Charge for period 4,000
At 30 June 2024 4,000
NET BOOK VALUE
At 30 June 2024 196,000
At 15 June 2023 200,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 10,001
Other creditors 112,948
122,949

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 80,000

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 June 2024:

£   
H R Mundy
Balance outstanding at start of period -
Amounts advanced 6,235
Amounts repaid (3,637 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 2,598

T Moses
Balance outstanding at start of period -
Amounts advanced 110,350
Amounts repaid -
Amounts written off -
Amounts waived -
Balance outstanding at end of period 110,350