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REGISTERED NUMBER: 12031662 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

KING RIVER PROPERTIES LIMITED

KING RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 12031662)






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


KING RIVER PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 30 June 2024







DIRECTOR: Ms Pamondip Kaur Deol





REGISTERED OFFICE: Suite Ro, Morgan Reach House
136 Hagley Road
Birmingham
West Midlands
B16 9NX





REGISTERED NUMBER: 12031662 (England and Wales)

KING RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 12031662)

BALANCE SHEET
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 639,000 619,000

CURRENT ASSETS
Cash at bank 2,769 3,683

CREDITORS
Amounts falling due within one year 5 22,049 17,560
NET CURRENT LIABILITIES (19,280 ) (13,877 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,720

605,123

CREDITORS
Amounts falling due after more than one
year

6

(549,282

)

(554,700

)

PROVISIONS FOR LIABILITIES (13,109 ) (9,309 )
NET ASSETS 57,329 41,114

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 55,885 39,685
Retained earnings 1,344 1,329
SHAREHOLDERS' FUNDS 57,329 41,114

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 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.

KING RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 12031662)

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 20 March 2025 and were signed by:





Ms Pamondip Kaur Deol - Director


KING RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 12031662)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

King River Properties 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

KING RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 12031662)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 619,000
Revaluations 20,000
At 30 June 2024 639,000
NET BOOK VALUE
At 30 June 2024 639,000
At 30 June 2023 619,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2021 23,994
Valuation in 2022 17,000
Valuation in 2023 8,000
Valuation in 2024 20,000
Cost 570,006
639,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 6,478 6,615
Taxation and social security 4 609
Other creditors 15,567 10,336
22,049 17,560

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 353,599 359,017
Other creditors 195,683 195,683
549,282 554,700

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 326,280 326,280

KING RIVER PROPERTIES LIMITED (REGISTERED NUMBER: 12031662)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 June 2024

7. RESERVES
Fair
value
reserve
£   
At 1 July 2023 39,685
Profit and loss account Revalu 16,200

At 30 June 2024 55,885

8. RELATED PARTY DISCLOSURES

The director provided an interest-free loan to the company amounting to £195,683 (2023: £195,683) which has been recognised in the accounts at transaction price.