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REGISTERED NUMBER: 10777798 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

KJM PROPERTY INVESTMENTS LIMITED

KJM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10777798)

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


KJM PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: K J McKenna





REGISTERED OFFICE: 10 Frederick Street
Birmingham
West Midlands
B1 3HE





REGISTERED NUMBER: 10777798 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

KJM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10777798)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 100 100
Investment property 6 917,152 917,152
917,252 917,252

CURRENT ASSETS
Debtors 7 2,186,097 2,448,908
Cash at bank and in hand 75,760 72,414
2,261,857 2,521,322
CREDITORS
Amounts falling due within one year 8 1,851,041 2,196,932
NET CURRENT ASSETS 410,816 324,390
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,328,068

1,241,642

CAPITAL AND RESERVES
Called up share capital 9 8 8
Retained earnings 1,328,060 1,241,634
SHAREHOLDERS' FUNDS 1,328,068 1,241,642

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.

KJM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10777798)

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 27 March 2025 and were signed by:





K J McKenna - Director


KJM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10777798)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

KJM Property Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.
Fixtures and fittings - 20% on cost

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 period 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 that have been enacted or substantively enacted by the balance sheet date.

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.

KJM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10777798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

For non-financial assets, the asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of the asset is the higher of its fair value less costs to sell and its value in use.

For financial assets carried at amortised costs, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for the decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 2,095
DEPRECIATION
At 1 July 2023
and 30 June 2024 2,095
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

KJM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10777798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

The investment consists of 1 ordinary B share in Red Oaks Group Limited.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 917,152
NET BOOK VALUE
At 30 June 2024 917,152
At 30 June 2023 917,152

At the year end the director did not consider the market value to have materially changed since its acquisition.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,363 12,350
Other debtors 2,177,734 2,436,558
2,186,097 2,448,908

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 31,104 18,514
Other creditors 1,819,937 2,178,418
1,851,041 2,196,932

KJM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10777798)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


9. CALLED UP SHARE CAPITAL

Ordinary shares consist of the following classes:

Number: Class: Nominal 2023 2022
value: £ £
1 A Ordinary £1 1 1
1 B Ordinary £1 1 1
2 C Ordinary £1 2 2
2 D Ordinary £1 2 2
2 E Ordinary £1 2 2
8 8

A and B Ordinary Shares have voting rights, are non redeemable and entitled to dividends.

C and D Ordinary Shares have voting rights and are entitled to dividends.

E Ordinary Shares have no voting rights and are entitled to dividends.

10. RELATED PARTY DISCLOSURES

During the year, the company received loans of £72,760 (2023: £380,093) from M-Tec Engineering Solutions Limited, a company in which K J McKenna is a director and made loan repayments of £376,000 (2023: £170,000) to M-Tec Engineering Solutions Limited. During the year, KJM Property Investments Limited charged M-Tec Engineering Solutions Limited £40,800 (2023: 40,800) for rent. At the year end £1,382,503 (2023: £1,683,993) was due to M-Tec Engineering Solutions Limited, and is included in other creditors.

During the year, the company made a loan of £nil (2023: £nil) to Hansmack Properties Limited, a company in which K J McKenna is a director and shareholder. At the year end, £190,000 (2023: £190,000) was due from this company, and is included within other debtors.