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REGISTERED NUMBER: 14237961 (England and Wales)











Financial Statements

for the Year Ended 31 July 2024

for

63KT89ER LTD

63KT89ER LTD (REGISTERED NUMBER: 14237961)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


63KT89ER LTD

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr M J Breen
Mr S T Urbaniak





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 14237961 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

63KT89ER LTD (REGISTERED NUMBER: 14237961)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Investments 4 100 -
Investment property 5 1,496,032 1,041,766
1,496,132 1,041,766

CURRENT ASSETS
Debtors 6 23,819 9,028
Cash at bank 175,278 51,807
199,097 60,835
CREDITORS
Amounts falling due within one year 7 2,136,339 1,270,330
NET CURRENT LIABILITIES (1,937,242 ) (1,209,495 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(441,110

)

(167,729

)

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (441,210 ) (167,829 )
SHAREHOLDERS' FUNDS (441,110 ) (167,729 )

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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 April 2025 and were signed on its behalf by:



Mr M J Breen - Director


63KT89ER LTD (REGISTERED NUMBER: 14237961)

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

1. STATUTORY INFORMATION

63KT89ER Ltd 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Going concern
The director have a reasonable expectation that the company will continue in operational existence for the foreseeable future and therefore used the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

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

63KT89ER LTD (REGISTERED NUMBER: 14237961)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertaki
£   
COST
Additions 100
At 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,041,766
Additions 454,266
At 31 July 2024 1,496,032
NET BOOK VALUE
At 31 July 2024 1,496,032
At 31 July 2023 1,041,766

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Amounts owed by group undertakings 5,979 5,610
Other debtors - 2,750
Prepayments and accrued income 17,840 668
23,819 9,028

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts (see note 8) 1,403,000 1,265,000
Amounts owed to group undertakings 100 -
Other creditors 725,492 3,650
Accruals and deferred income 7,747 1,680
2,136,339 1,270,330

63KT89ER LTD (REGISTERED NUMBER: 14237961)

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

8. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 1,403,000 1,265,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
NIL Ordinary £1 - 100
50 A Ordinary £1 50 -
50 B Ordinary £1 50 -
100 100

Allotted and issued:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
50 Share capital 2 £1 50 -
50 Share capital 3 £1 50 -
100 -

10. RELATED PARTY DISCLOSURES

At the balance sheet date, an amount of £2,805 (2023: £2,805) is owed by Mayfair Castle Ltd, £3,174 (2023: £2,805) is owed by SU Builders Ltd and £100 (2023: £Nil) is owed to Taylored Design & Build Ltd. The companies are related by the virtue of the fact that they are under common control.