KAFSON PROPERTY LIMITED

Company Registration Number:
11223181 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 01 August 2023

End date: 31 July 2024

KAFSON PROPERTY LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

KAFSON PROPERTY LIMITED

Company Information

for the Period Ended 31 July 2024




Registered office: 50
St Anthonys Drive
Chelmsford
England
CM2 9EJ
Company Registration Number: 11223181 (England and Wales)

KAFSON PROPERTY LIMITED

Balance sheet

As at 31 July 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,474,982 1,000,000
Total fixed assets: 1,474,982 1,000,000
Current assets
Cash at bank and in hand: 250 155,237
Total current assets: 250 155,237
Creditors: amounts falling due within one year: 5 ( 1,214 ) ( 628 )
Net current assets (liabilities): ( 964 ) 154,609
Total assets less current liabilities: 1,474,018 1,154,609
Creditors: amounts falling due after more than one year: 6 ( 1,477,229 ) ( 1,163,256 )
Total net assets (liabilities): ( 3,211 ) ( 8,647 )

The notes form part of these financial statements

KAFSON PROPERTY LIMITED

Balance sheet continued

As at 31 July 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Revaluation reserve: 7 27,292 27,292
Profit and loss account: ( 30,505 ) ( 35,941 )
Shareholders funds: ( 3,211 ) ( 8,647 )

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 27 April 2025
And Signed On Behalf Of The Board By:

Name: Oluwabusayo Fadahunsi
Status: Director

The notes form part of these financial statements

KAFSON PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover is the revenues of rent received from property

KAFSON PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

KAFSON PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 3. Off balance sheet disclosure

    No

KAFSON PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Tangible assets

Land & buildings Total
Cost £ £
At 01 August 2023 1,000,000 1,000,000
Additions 474,982 474,982
Disposals - -
Revaluations - -
Transfers - -
At 31 July 2024 1,474,982 1,474,982
Depreciation
At 01 August 2023 - -
Charge for year - -
On disposals - -
Other adjustments - -
At 31 July 2024 - -
Net book value
At 31 July 2024 1,474,982 1,474,982
At 31 July 2023 1,000,000 1,000,000

KAFSON PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 14 28
Accruals and deferred income 1,200 600
Total 1,214 628

KAFSON PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 1,260,344 1,002,805
Other creditors 216,885 160,451
Total 1,477,229 1,163,256

KAFSON PROPERTY LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2024

7. Revaluation reserve


2024
£
Balance at 01 August 2023 27,292
Surplus or deficit after revaluation 0
Balance at 31 July 2024 27,292