| REGISTERED NUMBER: |
| KJAM & AP PROPERTY LTD |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
| REGISTERED NUMBER: |
| 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: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 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 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings |
| 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 were approved by the Board of Directors and authorised for issue on |
| 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 |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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 |
| Additions |
| Revaluations |
| At 30 September 2024 |
| DEPRECIATION |
| At 1 October 2023 |
| Charge for year |
| At 30 September 2024 |
| NET BOOK VALUE |
| At 30 September 2024 |
| At 30 September 2023 |
| 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 |
| 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 |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 30.9.24 | 30.9.23 |
| £ | £ |
| Bank loans |
| Other creditors |
| 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 |
| 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 |