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REGISTERED NUMBER: 01427949 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

K & C PROPERTY LIMITED

K & C PROPERTY LIMITED (REGISTERED NUMBER: 01427949)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & C PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: M F Crossley
M E R Kirkham





SECRETARY: M E R Kirkham





REGISTERED OFFICE: 115 Phillips Street
Aston
Birmingham
West Midlands
B6 4PT





REGISTERED NUMBER: 01427949 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

K & C PROPERTY LIMITED (REGISTERED NUMBER: 01427949)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 5,000,000 3,000,000

CURRENT ASSETS
Cash at bank 54,903 192,290

CREDITORS
Amounts falling due within one year 5 60,800 202,046
NET CURRENT LIABILITIES (5,897 ) (9,756 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,994,103

2,990,244

PROVISIONS FOR LIABILITIES 447,616 6,763
NET ASSETS 4,546,487 2,983,481

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 2,689,927 1,130,780
Retained earnings 1,806,560 1,802,701
4,546,487 2,983,481

K & C PROPERTY LIMITED (REGISTERED NUMBER: 01427949)

BALANCE SHEET - continued
31 DECEMBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2025 and were signed on its behalf by:




M F Crossley - Director



M E R Kirkham - Director


K & C PROPERTY LIMITED (REGISTERED NUMBER: 01427949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

K & C Property 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 3,000,000
Revaluations 2,000,000
At 31 December 2024 5,000,000
NET BOOK VALUE
At 31 December 2024 5,000,000
At 31 December 2023 3,000,000

K & C PROPERTY LIMITED (REGISTERED NUMBER: 01427949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2024 2,000,000
Valuation in 2021 1,130,779
Cost 1,869,221
5,000,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,626 -
Amounts owed to group undertakings 500 500
Taxation and social security 16,256 107,991
Other creditors 42,418 93,555
60,800 202,046