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REGISTERED NUMBER: 09433651 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Kairos Property Solutions Ltd

Kairos Property Solutions Ltd (Registered number: 09433651)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kairos Property Solutions Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Ms Youlla Michael





REGISTERED OFFICE: 10A Aldermans Hill
Palmers Green
London
N13 4PJ





REGISTERED NUMBER: 09433651 (England and Wales)





ACCOUNTANTS: Chris Pantazis Ltd T/A CPS & Co
Chartered Accountants
10A Aldermans Hill
Palmers Green
London
N13 4PJ

Kairos Property Solutions Ltd (Registered number: 09433651)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,464,062 3,969,760

CURRENT ASSETS
Debtors 4 1,963 2,668
Cash at bank 77,239 184,610
79,202 187,278
CREDITORS
Amounts falling due within one year 5 328,984 982,823
NET CURRENT LIABILITIES (249,782 ) (795,545 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,214,280

3,174,215

CREDITORS
Amounts falling due after more than one year 6 1,495,170 974,067
NET ASSETS 1,719,110 2,200,148

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 1,268,909 1,773,909
Retained earnings 9 450,101 426,139
SHAREHOLDERS' FUNDS 1,719,110 2,200,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Kairos Property Solutions Ltd (Registered number: 09433651)

Balance Sheet - continued
31 March 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 19 March 2025 and were signed by:





Ms Youlla Michael - Director


Kairos Property Solutions Ltd (Registered number: 09433651)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - in accordance with the property
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

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.

2. EMPLOYEES AND DIRECTORS

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

Kairos Property Solutions Ltd (Registered number: 09433651)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 3,957,585 43,148 4,804 4,005,537
Additions - - 2,496 2,496
Revaluations (505,000 ) - - (505,000 )
At 31 March 2024 3,452,585 43,148 7,300 3,503,033
DEPRECIATION
At 1 April 2023 - 33,675 2,102 35,777
Charge for year - 1,895 1,299 3,194
At 31 March 2024 - 35,570 3,401 38,971
NET BOOK VALUE
At 31 March 2024 3,452,585 7,578 3,899 3,464,062
At 31 March 2023 3,957,585 9,473 2,702 3,969,760

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2018 510,664 - - 510,664
Valuation in 2022 1,263,245 - - 1,263,245
Valuation in 2023 87,585 - - 87,585
Valuation in 2024 (505,000 ) - - (505,000 )
Cost 2,096,091 43,148 7,300 2,146,539
3,452,585 43,148 7,300 3,503,033

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 677 677
Prepayments 1,286 1,991
1,963 2,668

Kairos Property Solutions Ltd (Registered number: 09433651)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 7) 2,000 19,728
Tax 5,785 2,295
Social security and other taxes 2,957 3,096
Others creditors 317,642 938,907
Directors' current accounts - 9,822
Accruals and deferred income 600 8,975
328,984 982,823

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 7) 1,495,170 974,067

7. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - Less than 1 year 2,000 19,728

Amounts falling due between one and two years:
Bank Loans 1- 5 years 1,495,170 974,067

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1.00 100 100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 426,139 1,773,909 2,200,048
Profit for the year 23,962 23,962
Revaluation reserve - (505,000 ) (505,000 )
At 31 March 2024 450,101 1,268,909 1,719,010