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REGISTERED NUMBER: 09792382 (England and Wales)










KJAM & AP PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






KJAM & AP PROPERTY LTD (REGISTERED NUMBER: 09792382)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KJAM & AP PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs M K Patel
Mr K Patel





REGISTERED OFFICE: 13 Ashen Grove
Wimbledon
SW19 8BW





REGISTERED NUMBER: 09792382 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

KJAM & AP PROPERTY LTD (REGISTERED NUMBER: 09792382)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 2,558,407 2,484,979

CURRENT ASSETS
Debtors 6 750 -
Cash at bank 21,911 13,294
22,661 13,294
CREDITORS
Amounts falling due within one year 7 530,123 497,168
NET CURRENT LIABILITIES (507,462 ) (483,874 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,050,945

2,001,105

CREDITORS
Amounts falling due after more than one year 8 (1,636,968 ) (1,677,685 )

PROVISIONS FOR LIABILITIES (64,237 ) (186 )
NET ASSETS 349,740 323,234

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 192,295 -
Retained earnings 157,345 323,134
349,740 323,234

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.

KJAM & AP PROPERTY LTD (REGISTERED NUMBER: 09792382)

BALANCE SHEET - 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 27 May 2025 and were signed on its behalf by:





Mrs M K Patel - Director


KJAM & AP PROPERTY LTD (REGISTERED NUMBER: 09792382)

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

1. STATUTORY INFORMATION

Kjam & Ap Property 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

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 cost

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.

Depreciation - tangible assets
The properties are included in the balance sheet at cost and are not depreciated as in the opinion of the directors the open market valuses of the properties exceed the cost and as such by depreciating the cost of the assets would not give a true and fair view of the financial postion of the company.

KJAM & AP PROPERTY LTD (REGISTERED NUMBER: 09792382)

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

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 2,484,000 2,119 2,486,119
Additions 19,852 - 19,852
Revaluations 54,000 - 54,000
At 30 September 2024 2,557,852 2,119 2,559,971
DEPRECIATION
At 1 October 2023 - 1,140 1,140
Charge for year - 424 424
At 30 September 2024 - 1,564 1,564
NET BOOK VALUE
At 30 September 2024 2,557,852 555 2,558,407
At 30 September 2023 2,484,000 979 2,484,979

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 259,393 - 259,393
Valuation in 2023 (57,000 ) - (57,000 )
Valuation in 2024 54,000 - 54,000
Cost 2,301,459 2,119 2,303,578
2,557,852 2,119 2,559,971

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 750 -

KJAM & AP PROPERTY LTD (REGISTERED NUMBER: 09792382)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 6,199 11
Other creditors 523,924 497,157
530,123 497,168

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 1,615,374 1,645,374
Other creditors 21,594 32,311
1,636,968 1,677,685

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,615,374 1,645,374
Other loans more 5yrs instal 4,482 10,329
1,619,856 1,655,703

KJAM & AP PROPERTY LTD (REGISTERED NUMBER: 09792382)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 1,615,374 1,645,374

Mtf (Le) Limited has registered a floating charge covering all the property of 14A Mitcham Lane, London SW16 6NN or undertaking of the company.

Pepper Money has registered a negative pledge covering all the property of Flat 9 Markham House, Kingswood Estate, Dulwich, London SE21 8QQ.

The Mortgage Lender Limited has registered a charge contains negative pledge over the property 89 Chobham Gardens, London SW19 6EY

Paragon Bank Plc has registered a charge contains negative pledge over the property Flat 3, 8 Shaftesbury Road, Southsea, Hampshire, PO5 3JR.

Bank of Cyprus UK Limited has registered a fixed and floating charge covering all the property of 14A Mitcham Lane, London SW16 6NN and 9 Markham House, Kingswood Estate, London SE21 8QQ, and undertaking of the company.

Paragpn AMC has registered a fixed and floating charge over land at 89 Chobham Gardens, London SW19 6EY

Onesavings Bank Plc t/a Kent Reliance Banking Services has registered a fixed charge and a first legal mortgage to all that leasehold property known as Flat 36 Elphinston Court SW16 5NG..

Aldermore Bank Plc has registered a fixed and floating charge covering all existing and future freehold and leasehold property or undertaking of the company.

Aldermore Bank Plc has registered a fixed and floating charge on the property known as Flat 4 Buchanan House, Kingswood Estate, London SE21 8P or undertaking of the company.

Onesavings Bank Plc t/a Kent Reliance Banking Services has registered a fixed charge and a first legal mortgage to all that leasehold property known as Flat 2, 27 Gleneldon Road, London SW16 2AX.

Axis Bank UK Limited has registered a fixed charge and a first legal mortgage over land at 89 Chobham Gardens.

10. RESERVES
Fair
value
reserve
£   
Deferred tax on revaluation (64,098 )
Transfer of fair value reserve 256,393

At 30 September 2024 192,295