Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302025-05-232024-09-302025-05-23As at 30 September 2024 the balance owed to the directors was £42,983 (2023: £8,934). Included within debtors is £28,216 (2023: creditor £1,000) due from Kenzoku Holdings Limited, a Company with directors in common. Included within creditors is £15,073 (2023: £Nil) due from Kenzoku Properties Limited, a Company with directors in common.directors directors in common directors in common580569934false2023-10-01falseThe company was incorporated on 26 September 2022. The principal activity of the Company is that of letting and operating of real estate.22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 14375289 2023-10-01 2024-09-30 14375289 2022-09-26 2023-09-30 14375289 2024-09-30 14375289 2023-09-30 14375289 c:Director3 2023-10-01 2024-09-30 14375289 d:FurnitureFittings 2023-10-01 2024-09-30 14375289 d:FurnitureFittings 2024-09-30 14375289 d:FurnitureFittings 2023-09-30 14375289 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 14375289 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 14375289 d:FreeholdInvestmentProperty 2024-09-30 14375289 d:FreeholdInvestmentProperty 2023-09-30 14375289 d:CurrentFinancialInstruments 2024-09-30 14375289 d:CurrentFinancialInstruments 2023-09-30 14375289 d:Non-currentFinancialInstruments 2024-09-30 14375289 d:Non-currentFinancialInstruments 2023-09-30 14375289 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 14375289 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 14375289 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 14375289 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 14375289 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-09-30 14375289 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-09-30 14375289 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-09-30 14375289 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-09-30 14375289 d:ShareCapital 2024-09-30 14375289 d:ShareCapital 2023-09-30 14375289 d:RetainedEarningsAccumulatedLosses 2024-09-30 14375289 d:RetainedEarningsAccumulatedLosses 2023-09-30 14375289 c:FRS102 2023-10-01 2024-09-30 14375289 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 14375289 c:FullAccounts 2023-10-01 2024-09-30 14375289 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 14375289 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-10-01 2024-09-30 14375289 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-09-30 14375289 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-09-30 14375289 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 14375289










KENZOKU PROPERTIES NORTH EAST LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
KENZOKU PROPERTIES NORTH EAST LTD
 

CONTENTS



Page
Accountants' report
 
1
Balance sheet
 
2 - 3
Notes to the financial statements
 
4 - 8


 
KENZOKU PROPERTIES NORTH EAST LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KENZOKU PROPERTIES NORTH EAST LTD
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kenzoku Properties North East Ltd for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Kenzoku Properties North East Ltd, as a body, in accordance with the terms of our engagement letter dated 7 October 2022Our work has been undertaken solely to prepare for your approval the financial statements of Kenzoku Properties North East Ltd and state those matters that we have agreed to state to the Board of directors of Kenzoku Properties North East Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kenzoku Properties North East Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Kenzoku Properties North East Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kenzoku Properties North East Ltd. You consider that Kenzoku Properties North East Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Kenzoku Properties North East Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
7 The Close
Norwich
Norfolk
NR1 4DJ
23 May 2025
Page 1

 
KENZOKU PROPERTIES NORTH EAST LTD
REGISTERED NUMBER: 14375289

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
4,268
6,400

Investment property
 5 
648,796
143,117

  
653,064
149,517

Current assets
  

Debtors: amounts falling due within one year
 6 
28,216
10,020

Cash at bank and in hand
  
139,761
30,544

  
167,977
40,564

Creditors: amounts falling due within one year
 7 
(250,865)
(207,894)

Net current liabilities
  
 
 
(82,888)
 
 
(167,330)

Total assets less current liabilities
  
570,176
(17,813)

Creditors: amounts falling due after more than one year
 8 
(640,669)
-

  

Net liabilities
  
(70,493)
(17,813)


Capital and reserves
  

Called up share capital 
  
100
99

Profit and loss account
  
(70,593)
(17,912)

  
(70,493)
(17,813)


Page 2

 
KENZOKU PROPERTIES NORTH EAST LTD
REGISTERED NUMBER: 14375289
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 May 2025.




Mr N Thompson
Director

The notes on pages 4 to 8 form part of these financial statements.

Page 3

 
KENZOKU PROPERTIES NORTH EAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Kenzoku Properties North East Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is 177 Salhouse Road, Norwich, Norfolk, NR7 9AQ.
The Company's principal activity is that of letting and operating of real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on the going concern basis, as the directors consider that the Company, with the ongoing support of the directors, has sufficient working capital to continue trading for a period of at least twelve months from the dtae of the approval of the financial statements.

 
2.3

Revenue

Turnover comprises rents receivable during the year, recognised on an accruals basis in accordance with the period for which rent is due under the terms of the lease. The Company is not registered for Value Added Tax.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
KENZOKU PROPERTIES NORTH EAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
KENZOKU PROPERTIES NORTH EAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 October 2023
8,534



At 30 September 2024

8,534



Depreciation


At 1 October 2023
2,133


Charge for the year on owned assets
2,133



At 30 September 2024

4,266



Net book value



At 30 September 2024
4,268



At 30 September 2023
6,401


5.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
143,117


Additions at cost
505,679



At 30 September 2024
648,796

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 6

 
KENZOKU PROPERTIES NORTH EAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
28,216
-

Prepayments and accrued income
-
10,020

28,216
10,020



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
182,005
124,000

Trade creditors
-
120

Amounts owed to group undertakings
15,073
1,000

Other creditors
42,983
80,901

Accruals and deferred income
10,804
1,873

250,865
207,894



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
355,669
-

Other loans
285,000
-

640,669
-


Page 7

 
KENZOKU PROPERTIES NORTH EAST LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
182,005
124,000


182,005
124,000

Amounts falling due 1-2 years

Other loans
285,000
-


285,000
-


Amounts falling due after more than 5 years

Bank loans
355,669
-

355,669
-

822,674
124,000



10.Directors' personal guarantees

The directors have provided personal guarantees in support of the Company's other loans.


11.


Related party transactions

As at 30 September 2024 the balance owed to the directors was £42,983 (2023: £8,934).

Included within debtors is £28,216 (2023: creditor £1,000) due from Kenzoku Holdings Limited, a Company with directors in common.

Included within creditors is £15,073 (2023: £Nil) due from Kenzoku Properties Limited, a Company with directors in common.
 
Page 8