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Registration number: 10390850

KW Property Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

image-name
 

KW Property Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

KW Property Group Limited

Company Information

Director

Mr Kashif Wahid

Registered office

23 Broadgate Road
Middlesbrough
TS5 5LP

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants81 Borough Road
Middlesbrough
TS1 3AA

 

KW Property Group Limited

(Registration number: 10390850)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

312,481

312,481

Current assets

 

Debtors

5

-

10,500

Cash at bank and in hand

 

1,020

1,439

 

1,020

11,939

Creditors: Amounts falling due within one year

6

(157,816)

(151,913)

Net current liabilities

 

(156,796)

(139,974)

Total assets less current liabilities

 

155,685

172,507

Creditors: Amounts falling due after more than one year

6

(139,992)

(152,938)

Net assets

 

15,693

19,569

Capital and reserves

 

Retained earnings

15,693

19,569

Shareholders' funds

 

15,693

19,569

 

KW Property Group Limited

(Registration number: 10390850)
Balance Sheet as at 30 September 2024 (continued)

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 June 2025
 

.........................................
Mr Kashif Wahid
Director

 

KW Property Group Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
23 Broadgate Road
Middlesbrough
TS5 5LP

These financial statements were authorised for issue by the director on 12 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

KW Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

KW Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2023

312,481

312,481

At 30 September 2024

312,481

312,481

Depreciation

Carrying amount

At 30 September 2024

312,481

312,481

At 30 September 2023

312,481

312,481

Included within the net book value of land and buildings above is £312,481 (2023 - £312,481) in respect of investment properties.

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure. The director, although not qualified, has extensive knowledge of the local area and property valuations and considers the cost of these investment properties to be equal to their current fair value.
Investment properties are not depreciated under FRS102.
There has been no valuation of investment property by an independent valuer.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

8

-

8,000

Other debtors

 

-

2,500

   

-

10,500

 

KW Property Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

24,914

23,383

Taxation and social security

 

1,437

1,667

Accruals and deferred income

 

860

860

Other creditors

 

130,605

126,003

 

157,816

151,913

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

138,767

151,713

Other financial liabilities

 

1,225

1,225

 

139,992

152,938

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

138,767

151,713

Current loans and borrowings

2024
£

2023
£

Bank borrowings

24,914

23,383

8

Related party transactions

Included in debtors is £ Nil (2024 - £8,000) owed by a company controlled by the company director.