Registered number
04931371
KBR PROPERTY INVESTMENTS LIMITED
Unaudited Filleted Accounts
30 June 2024
KBR PROPERTY INVESTMENTS LIMITED
Registered number: 04931371
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 50 50
50 50
Current assets
Stocks 5,346,759 5,346,759
Debtors 4 56,989 126,681
Cash at bank and in hand 494,647 295,985
5,898,395 5,769,425
Creditors: amounts falling due within one year 5 (2,854,028) (3,124,798)
Net current assets 3,044,367 2,644,627
Total assets less current liabilities 3,044,417 2,644,677
Provisions for liabilities - -
Net assets 3,044,417 2,644,677
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,044,317 2,644,577
Shareholders' funds 3,044,417 2,644,677
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs B Ruparelia
Director
Approved by the board on 25 March 2025
KBR PROPERTY INVESTMENTS LIMITED
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments Total
£ £
Cost
At 1 July 2023 50 50
Additions - -
Revaluation - -
Disposals - -
At 30 June 2024 50 50
The company holds 50% of the issued share capital of Panbrook (2) Ltd.
The business of above company is Property Trading and Investment.
4 Debtors 2024 2023
£ £
Trade debtors 54,063 73,755
Other debtors 2,926 52,926
56,989 126,681
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - -
Taxation and social security costs 142,660 153,176
Other creditors 2,711,368 2,971,622
2,854,028 3,124,798
6 Capital commitments 2024 2023
£ £
There were no capital commitments at the year end.
7 Controlling party
The director together with her family owns 100% of the issued share capital.
8 Other information
KBR PROPERTY INVESTMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
20 Priory Gardens
Wembley
Middlesex
HA0 2QG
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