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KJ Property Solutions Ltd

Unaudited Financial Statements for the Year Ended 30 September 2024






KJ Property Solutions Ltd (Registered number: 14355569)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KJ Property Solutions Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs E K Bowes
J E Bowes





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 14355569 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

KJ Property Solutions Ltd (Registered number: 14355569)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,373 2,049
Investment property 5 238,826 227,118
240,199 229,167

CURRENT ASSETS
Cash at bank 1 3

CREDITORS
Amounts falling due within one year 6 166,980 152,167
NET CURRENT LIABILITIES (166,979 ) (152,164 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

73,220

77,003

CREDITORS
Amounts falling due after more than one
year

7

(84,293

)

(86,645

)

PROVISIONS FOR LIABILITIES (3,103 ) -
NET LIABILITIES (14,176 ) (9,642 )

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 8,606 -
Retained earnings (22,784 ) (9,644 )
(14,176 ) (9,642 )

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.

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 22 April 2025 and were signed on its behalf by:





Mrs E K Bowes - Director


KJ Property Solutions Ltd (Registered number: 14355569)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

KJ Property Solutions 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is measured as rents 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 - 33% 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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 3,058
DEPRECIATION
At 1 October 2023 1,009
Charge for year 676
At 30 September 2024 1,685
NET BOOK VALUE
At 30 September 2024 1,373
At 30 September 2023 2,049

KJ Property Solutions Ltd (Registered number: 14355569)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 227,118
Revaluations 11,708
At 30 September 2024 238,826
NET BOOK VALUE
At 30 September 2024 238,826
At 30 September 2023 227,118

Investment properties were valued using market data by the director on the 30/09/2024.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,697 4,814
Trade creditors 96 111
Other creditors 163,187 147,242
166,980 152,167

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 84,293 86,645

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 67,733 72,204

8. RESERVES
Fair
value
reserve
£   
Fare value reserves 8,606

At 30 September 2024 8,606