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REGISTERED NUMBER: 12661469 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

FOCUS PROPERTY DEVELOPMENT UK LTD

FOCUS PROPERTY DEVELOPMENT UK LTD (Registered number: 12661469)






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


FOCUS PROPERTY DEVELOPMENT UK LTD

Company Information
for the Year Ended 30 June 2024







DIRECTOR: G H HEEROO





SECRETARY:





REGISTERED OFFICE: SPACES, 12 HAMMERSMITH GROVE
LONDON
W6 7AP





REGISTERED NUMBER: 12661469 (England and Wales)





ACCOUNTANTS: MALCOLM, WILSON, GILLOTT, FOWLER & CO
CHARTERED CERTIFIED ACCOUNTANTS
SPACES, 12 HAMMERSMITH GROVE
LONDON
W6 7AP

FOCUS PROPERTY DEVELOPMENT UK LTD (Registered number: 12661469)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,354,000 -

CURRENT ASSETS
Investments 5 450,000 450,000
Cash at bank and in hand 138 165
450,138 450,165
CREDITORS
Amounts falling due within one year 6 1,763,398 439,059
NET CURRENT (LIABILITIES)/ASSETS (1,313,260 ) 11,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,740

11,106

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 40,640 11,006
SHAREHOLDERS' FUNDS 40,740 11,106

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 director acknowledges his 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.

FOCUS PROPERTY DEVELOPMENT UK LTD (Registered number: 12661469)

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 director and authorised for issue on 17 December 2024 and were signed by:





G H HEEROO - Director


FOCUS PROPERTY DEVELOPMENT UK LTD (Registered number: 12661469)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

FOCUS PROPERTY DEVELOPMENT UK 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. 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

FOCUS PROPERTY DEVELOPMENT UK LTD (Registered number: 12661469)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,354,000
At 30 June 2024 1,354,000
NET BOOK VALUE
At 30 June 2024 1,354,000

On 1 August 2023, the company acquired some of the assets and liabilities of Focus Estates LLP which went into liquidation.

5. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Other Investment 450,000 450,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 8,134 2,582
Other creditors 1,755,264 436,477
1,763,398 439,059

7. CALLED UP SHARE CAPITAL

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

FOCUS PROPERTY DEVELOPMENT UK LTD (Registered number: 12661469)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 11,006
Profit for the year 29,634
At 30 June 2024 40,640

9. RELATED PARTY DISCLOSURES

At the balance sheet date, a loan of £350,000 (2023 - £350,000) was outstanding to Focus Fitness Holding UK Limited, a company controlled by the director Mr G Heeroo.This is included in creditors due within one year.

Also on the 1st August 2023, the director, Mr G Heeroo transferred all his assets (Land and Buildings) that were held in Focus Estates LLP to this company. The value of the assets amounted to £1, 354,000.This trasaction was done through the director's loan account.

The company operates a current account with its Directors. The loan is interest free with no fixed repayment terms and are included in other creditors. The balance owed to the directors at the year end was £1,403,322 (2023 - £67,265) and the maximum balance during the year was £1,403,322.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is KGH HOLDINGS LIMITED.

During the year, the director Mr G Heeroo who held the 100% of the share capital of the company, transferred his shareholding to KGH Holdings Limited, who is the parent company.