IRIS Accounts Production v25.1.3.33 09350491 Board of Directors 1.1.24 31.12.24 31.12.24 0 0 false true false false true false Fair value model A Class Ordinary 1.00000 B Class Ordinary 1.00000 C Class Ordinary 1.00000 D Class Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh093504912023-12-31093504912024-12-31093504912024-01-012024-12-31093504912022-12-31093504912023-01-012023-12-31093504912023-12-3109350491ns15:EnglandWales2024-01-012024-12-3109350491ns14:PoundSterling2024-01-012024-12-3109350491ns10:Director12024-01-012024-12-3109350491ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109350491ns10:SmallEntities2024-01-012024-12-3109350491ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109350491ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109350491ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109350491ns10:FullAccounts2024-01-012024-12-3109350491ns10:OrdinaryShareClass12024-01-012024-12-3109350491ns10:OrdinaryShareClass22024-01-012024-12-3109350491ns10:OrdinaryShareClass32024-01-012024-12-3109350491ns10:OrdinaryShareClass42024-01-012024-12-3109350491ns10:Director22024-01-012024-12-3109350491ns10:RegisteredOffice2024-01-012024-12-3109350491ns5:CurrentFinancialInstruments2024-12-3109350491ns5:CurrentFinancialInstruments2023-12-3109350491ns5:ShareCapital2024-12-3109350491ns5:ShareCapital2023-12-3109350491ns5:FurtherSpecificReserve3ComponentTotalEquity2024-12-3109350491ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3109350491ns5:RetainedEarningsAccumulatedLosses2024-12-3109350491ns5:RetainedEarningsAccumulatedLosses2023-12-3109350491ns5:FurnitureFittings2024-01-012024-12-3109350491ns5:FurnitureFittings2024-12-3109350491ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109350491ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109350491ns5:DeferredTaxation2023-12-3109350491ns5:DeferredTaxation2024-01-012024-12-3109350491ns5:DeferredTaxation2024-12-3109350491ns10:OrdinaryShareClass12024-12-3109350491ns10:OrdinaryShareClass22024-12-3109350491ns10:OrdinaryShareClass32024-12-3109350491ns10:OrdinaryShareClass42024-12-31
REGISTERED NUMBER: 09350491 (England and Wales)











Financial Statements

for the Year Ended 31 December 2024

for

K & J STRACHAN LTD

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & J STRACHAN LTD

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr K Strachan
Mrs J Strachan





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 09350491 (England and Wales)





ACCOUNTANTS: Conroy & Lermer
Chartered Accountants
42 Lytton Road
BARNET
EN5 5BY

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 268 -
Investment property 5 360,000 450,000
360,268 450,000

CURRENT ASSETS
Debtors 6 935 350
Cash at bank 9,478 1,507
10,413 1,857
CREDITORS
Amounts falling due within one year 7 298,419 378,907
NET CURRENT LIABILITIES (288,006 ) (377,050 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,262

72,950

PROVISIONS FOR LIABILITIES 8 6,947 10,697
NET ASSETS 65,315 62,253

CAPITAL AND RESERVES
Called up share capital 9 200 200
Non distributable reserves 20,840 32,090
Retained earnings 44,275 29,963
SHAREHOLDERS' FUNDS 65,315 62,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Balance Sheet - continued
31 December 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 2 June 2025 and were signed on its behalf by:





Mr K Strachan - Director


K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

K & J Strachan 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. 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 represents rent receivable. Rental income is recognised evenly over the duration of the lease term.

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

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.

3. EMPLOYEES AND DIRECTORS

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

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 834
Disposals (495 )
At 31 December 2024 339
DEPRECIATION
Charge for year 71
At 31 December 2024 71
NET BOOK VALUE
At 31 December 2024 268

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 450,000
Disposals (75,000 )
Revaluations (14,505 )
Reclassification/transfer (495 )
At 31 December 2024 360,000
NET BOOK VALUE
At 31 December 2024 360,000
At 31 December 2023 450,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2023 42,787
Valuation in 2024 (15,000 )
Cost 332,213
360,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 350 350
Tax 20 -
Prepayments and accrued income 565 -
935 350

K & J STRACHAN LTD (REGISTERED NUMBER: 09350491)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Tax - 1,715
Other creditors 350 350
Directors' current accounts 294,829 375,162
Accruals and deferred income 3,240 1,680
298,419 378,907

8. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 6,947 10,697

Deferred
tax
£   
Balance at 1 January 2024 10,697
Provided during year (3,750 )
Balance at 31 December 2024 6,947

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1 A Class Ordinary £1 1 1
1 B Class Ordinary £1 1 1
99 C Class Ordinary £1 99 99
99 D Class Ordinary £1 99 99
200 200

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the directors an amount of £294,829 (2023: £375,162). The amount is interest free and repayable on demand.