REGISTERED NUMBER: 08757737 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

KJS PROPERTY INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs K Patel

A D Patel

REGISTERED OFFICE:

2 Cedargrove

Hagley

Stourbridge

West Midlands

DY9 0DR

REGISTERED NUMBER:

08757737 (England and Wales)

ACCOUNTANTS:

Ashcrofts Accountants Limited

2 Cedargrove

Hagley

Stourbridge

West Midlands

DY9 0DR

FIXED ASSETS

Tangible assets

4

3,620

4,525

Investment property

5

2,154,850

2,154,850

2,158,470

2,159,375

CURRENT ASSETS

Debtors

6

4,648

3,696

Cash at bank

34,854

10,980

39,502

14,676

CREDITORS

Amounts falling due within one year

7

(1,721,354

)

(1,266,318

)

NET CURRENT LIABILITIES

(1,681,852

)

(1,251,642

)

TOTAL ASSETS LESS CURRENT LIABILITIES

476,618

907,733

CREDITORS

Amounts falling due after more than one year

8

(200,153

)

(650,260

)

PROVISIONS FOR LIABILITIES

12

(29,975

)

(30,201

)

NET ASSETS

246,490

227,272

CAPITAL AND RESERVES

Called up share capital

13

4,000

4,000

Retained earnings

14

242,490

223,272

SHAREHOLDERS' FUNDS

246,490

227,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 24 May 2025 and were signed on its behalf by:

Mrs K Patel - Director

A D Patel - Director

1.	STATUTORY INFORMATION

KJS Property Investments 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

& equipment

£

COST

At 1 December 2023

and 30 November 2024

13,546

DEPRECIATION

At 1 December 2023

9,021

Charge for year

905

At 30 November 2024

9,926

NET BOOK VALUE

At 30 November 2024

3,620

At 30 November 2023

4,525

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2023

and 30 November 2024

2,154,850

NET BOOK VALUE

At 30 November 2024

2,154,850

At 30 November 2023

2,154,850

Fair value at 30 November 2024 is represented by:

£

Valuation in 2019

153,000

Cost

2,001,850

2,154,850

If the investment properties had not been revalued they would have been included at the following historical cost:

2024

2023

£

£

Cost

2,001,850

2,001,850

Investment properties were valued on an open market basis on 30 November 2019 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

500

-

Other debtors

1,200

1,075

Prepayments and accrued income

2,948

2,621

4,648

3,696

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 9)

254,139

134

Trade creditors

1,339

180

Corporation tax

4,667

5,486

Other creditors

20,000

20,000

Directors' loan accounts

1,441,209

1,240,518

1,721,354

1,266,318

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 9)

200,153

650,260

9.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

254,139

134

Amounts falling due between one and two years:

Bank loans - 1-2 years

200,153

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

650,260

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

In more than five years

944

944

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

454,292

650,394

12.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

29,975

30,201

Deferred

tax

£

Balance at 1 December 2023

30,201

Credited during the year

(226

)

Balance at 30 November 2024

29,975

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

4,000

Ordinary

£1

4,000

4,000

14.

RESERVES

Retained

earnings

£

At 1 December 2023

223,272

Profit for the year

19,218

At 30 November 2024

242,490

15.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At 30 November 2024 there was a loan from Mrs K A Patel of £720,605 (2023: £620,259). This unsecured loan is interest free and repayable on demand.

At 30 November 2024 there was a loan from Mr A D Patel of £720,604 (2023: £620,259). This unsecured loan is interest free and repayable on demand.

16.	RELATED PARTY DISCLOSURES

At 30 November 2024, there was a loan due to Ashcrofts Accountants Limited of £20,000 (2023: £20,000), a company in which Mr A D Patel is a director. This unsecured loan is interest free and repayable on demand.