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REGISTERED NUMBER: 10271543 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

KNN Properties Limited

KNN Properties Limited (Registered number: 10271543)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KNN Properties Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mrs K Patel





REGISTERED OFFICE: Sherwood House
176 Northolt Road
South Harrow
Middlesex
HA2 0EP





REGISTERED NUMBER: 10271543 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

KNN Properties Limited (Registered number: 10271543)

Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investment property 4 260,000 260,000

CURRENT ASSETS
Debtors 5 1,437 1,437
Cash at bank 12,407 3,972
13,844 5,409
CREDITORS
Amounts falling due within one year 6 75,157 75,157
NET CURRENT LIABILITIES (61,313 ) (69,748 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

198,687

190,252

CREDITORS
Amounts falling due after more than
one year

7

202,775

202,775
NET LIABILITIES (4,088 ) (12,523 )

CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 10 (4,208 ) (12,643 )
SHAREHOLDERS' FUNDS (4,088 ) (12,523 )

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

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

KNN Properties Limited (Registered number: 10271543)

Statement of Financial Position - continued
31 July 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 15 April 2025 and were signed by:





Mrs K Patel - Director


KNN Properties Limited (Registered number: 10271543)

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

1. STATUTORY INFORMATION

KNN 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.

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 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.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

KNN Properties Limited (Registered number: 10271543)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 260,000
NET BOOK VALUE
At 31 July 2024 260,000
At 31 July 2023 260,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2018 260,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Deferred tax asset 1,437 1,437

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors (1 ) (1 )
Tax 122 122
Other creditors 75,000 75,000
Directors' current accounts 36 36
75,157 75,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans more 5 yrs non-inst 202,775 202,775

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 202,775 202,775

KNN Properties Limited (Registered number: 10271543)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 202,775 202,775

The long term bank loans are secured by a fixed and floating legal charge over the property and assets of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
120 Ordinary Shares £1 120 120

10. RESERVES
Retained
earnings
£   

At 1 August 2023 (12,643 )
Profit for the year 8,435
At 31 July 2024 (4,208 )

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of them owning all of the issued share capital of the company.