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REGISTERED NUMBER: 08211624 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

KLEIN PROPERTIES LIMITED

KLEIN PROPERTIES LIMITED (REGISTERED NUMBER: 08211624)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KLEIN PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: N Klein
Mrs L Klein
Miss Y Klein
Miss M Klein





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 08211624 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

KLEIN PROPERTIES LIMITED (REGISTERED NUMBER: 08211624)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
FIXED ASSETS
Investment property 4 1,350,000 1,200,000

CURRENT ASSETS
Stocks 280 450
Cash at bank 65,122 57,864
65,402 58,314
CREDITORS
Amounts falling due within one year 5 (504,057 ) (425,486 )
NET CURRENT LIABILITIES (438,655 ) (367,172 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

911,345

832,828

CREDITORS
Amounts falling due after more than one year 6 (465,402 ) (506,580 )

PROVISIONS FOR LIABILITIES (61,520 ) (40,099 )
NET ASSETS 384,423 286,149

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 374,231 282,909
Retained earnings 10 10,191 3,239
SHAREHOLDERS' FUNDS 384,423 286,149

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

KLEIN PROPERTIES LIMITED (REGISTERED NUMBER: 08211624)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 15 May 2025 and were signed on its behalf by:





N Klein - Director


KLEIN PROPERTIES LIMITED (REGISTERED NUMBER: 08211624)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Klein 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 represents net rent receivable excluding value added tax.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 4 (2023 - 4 ) .

KLEIN PROPERTIES LIMITED (REGISTERED NUMBER: 08211624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,200,000
Additions 37,257
Revaluations 112,743
At 30 September 2024 1,350,000
NET BOOK VALUE
At 30 September 2024 1,350,000
At 30 September 2023 1,200,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2018 111,961
Valuation in 2019 80,000
Valuation in 2020 30,000
Valuation in 2024 251,047
Cost 876,992
1,350,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Tax 8,164 4,481
Other creditors 334,174 306,762
Directors' current accounts 159,679 113,223
Accrued expenses 2,040 1,020
504,057 425,486

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 7) 447,184 478,306
Other loans (see note 7) 18,218 28,274
465,402 506,580

KLEIN PROPERTIES LIMITED (REGISTERED NUMBER: 08211624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 447,184 478,306

Repayable by instalments
Other loans more 5yrs instal 18,218 28,274

7. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:
Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 447,184 478,306

Repayable by instalments
Other loans more 5yrs instal 18,218 28,274

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 447,184 478,306

1. Long term bank loan is secured by first charge over the company's investment property.

2. Under the bank loan, £50,000 was received under Bounce back Loan Scheme (BBL). The loan is unsecured, interest free for the first year, then capped at 2.5% afterwards and backed by HM Government.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary £1 1 1

KLEIN PROPERTIES LIMITED (REGISTERED NUMBER: 08211624)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 3,239 282,909 286,148
Profit for the year 107,024 107,024
Dividends (8,750 ) (8,750 )
Revaluation reserve (91,322 ) 91,322 -
At 30 September 2024 10,191 374,231 384,422

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N Klein.