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REGISTERED NUMBER: 09958575 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 January 2025

for

KPD Properties Limited

KPD Properties Limited (Registered number: 09958575)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KPD Properties Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mrs K Drake
P M Drake





REGISTERED OFFICE: 52 Nuns Road
Winchester
Hampshire
SO23 7EF





REGISTERED NUMBER: 09958575 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

KPD Properties Limited (Registered number: 09958575)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,940,000 4,658,000
3,940,000 4,658,000

CURRENT ASSETS
Debtors 6 135,498 156,828
Cash at bank 23,232 6,184
158,730 163,012
CREDITORS
Amounts falling due within one year 7 3,118,226 3,920,083
NET CURRENT LIABILITIES (2,959,496 ) (3,757,071 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

980,504

900,929

PROVISIONS FOR LIABILITIES 9 114,375 109,456
NET ASSETS 866,129 791,473

CAPITAL AND RESERVES
Called up share capital 10 2 2
Fair value reserve 11 397,508 387,427
Retained earnings 468,619 404,044
SHAREHOLDERS' FUNDS 866,129 791,473

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KPD Properties Limited (Registered number: 09958575)

Balance Sheet - continued
31 January 2025


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 Board of Directors and authorised for issue on 2 April 2025 and were signed on its behalf by:





P M Drake - Director


KPD Properties Limited (Registered number: 09958575)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

KPD 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.

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 - 25% 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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


KPD Properties Limited (Registered number: 09958575)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2024 48,152
Disposals (48,152 )
At 31 January 2025 -
DEPRECIATION
At 1 February 2024 48,152
Eliminated on disposal (48,152 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

KPD Properties Limited (Registered number: 09958575)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 4,658,000
Disposals (733,000 )
Revaluations 15,000
At 31 January 2025 3,940,000
NET BOOK VALUE
At 31 January 2025 3,940,000
At 31 January 2024 4,658,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 1,520 3,229
Other debtors 133,978 153,599
135,498 156,828

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 400,000 795,294
Taxation and social security 22,495 8,905
Other creditors 2,695,731 3,115,884
3,118,226 3,920,083

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.25 31.1.24
£    £   
Bank loans 400,000 795,294

The bank loan is secured against the investment properties.

9. PROVISIONS FOR LIABILITIES
31.1.25 31.1.24
£    £   
Deferred tax 114,375 109,456

KPD Properties Limited (Registered number: 09958575)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2024 109,456
Property revaluation 4,919
Balance at 31 January 2025 114,375

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
2 Ordinary £1 2 2

11. RESERVES
Fair
value
reserve
£   
At 1 February 2024 387,427
Property revaluation 10,081

At 31 January 2025 397,508

12. RELATED PARTY DISCLOSURES

During the year the company made loan repayments to the directors totalling £389,495 (2024: £148,850). At the year end the balance due to the directors was £2,683,061 (2024 £3,072,555).