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REGISTERED NUMBER: 09632430 (England and Wales)


Unaudited Financial Statements for the Year Ended 30 September 2024

for

KMP (West Dulwich) Limited

KMP (West Dulwich) Limited (Registered number: 09632430)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KMP (West Dulwich) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr N N Patel
Mr K M Patel
Mr B Patel
Mr V M Patel





REGISTERED OFFICE: C/o KMP Group
2nd Floor,
29-33 Church Road
Stanmore
Middlesex
HA7 4AR





REGISTERED NUMBER: 09632430 (England and Wales)





ACCOUNTANTS: Andrew Murray & Co
Business Advisors and Statutory Auditors
144-146 Kings Cross Road
King's Cross
WC1X 9DU

KMP (West Dulwich) Limited (Registered number: 09632430)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,462 -
Investment property 5 4,700,000 4,250,000
4,774,462 4,250,000

CURRENT ASSETS
Debtors 6 42,205 17,318
Cash at bank 44,629 42,032
86,834 59,350
CREDITORS
Amounts falling due within one year 7 3,910,113 3,664,891
NET CURRENT LIABILITIES (3,823,279 ) (3,605,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

951,183

644,459

PROVISIONS FOR LIABILITIES 8 385,617 229,681
NET ASSETS 565,566 414,778

CAPITAL AND RESERVES
Called up share capital 99 99
Other reserves 9 1,241,391 829,429
Retained earnings 9 (675,924 ) (414,750 )
SHAREHOLDER FUNDS 565,566 414,778

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.

KMP (West Dulwich) Limited (Registered number: 09632430)

Statement of Financial Position - continued
30 September 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 authorised for issue by the Board of Directors and authorised for issue on 17 June 2025 and were signed on its behalf by:





Mr V M Patel - Director


KMP (West Dulwich) Limited (Registered number: 09632430)

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

1. STATUTORY INFORMATION

KMP (West Dulwich) Limited 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.

Going Concern
As at 30th September 2023, the company's current liabilities exceeded current assets by £3,823,279 (2023: £3,605,541). However, the directors of the company consider that the going concern basis is appropriate in view of the assurance of continuing financial support which the company has received from its shareholders.The financial statements do not reflect the adjustments that would be required if the company was not a going concern.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 represents amounts receivable for rent and services. Rent is recognised for the period for which it is due.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost

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.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.


KMP (West Dulwich) Limited (Registered number: 09632430)

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

2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 99,283
At 30 September 2024 99,283
DEPRECIATION
Charge for year 24,821
At 30 September 2024 24,821
NET BOOK VALUE
At 30 September 2024 74,462

KMP (West Dulwich) Limited (Registered number: 09632430)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 4,250,000
Revaluations 549,283
Reclassification/transfer (99,283 )
At 30 September 2024 4,700,000
NET BOOK VALUE
At 30 September 2024 4,700,000
At 30 September 2023 4,250,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2018 1,059,109
Valuation in 2024 549,283
Cost 3,091,608
4,700,000

If investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 3,091,608 3,190,891

Investment property was valued on an open market basis on 18 July 2023 by Cushman & Wakefield chartered surveyors. .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Other debtors 38,613 17,219
Called up share capital not paid 99 99
Prepayments 3,493 -
42,205 17,318

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors (1 ) 23,515
Other Creditors 3,886,242 3,378,276
Shareholder Loan - 240,000
Accrued expenses 23,872 23,100
3,910,113 3,664,891

KMP (West Dulwich) Limited (Registered number: 09632430)

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

8. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax
Accelerated capital allowances 18,616 -
Deferred tax 367,001 229,681
385,617 229,681

Deferred
tax
£   
Balance at 1 October 2023 229,681
Provided during year 155,936
Balance at 30 September 2024 385,617

9. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 October 2023 (414,750 ) 829,429 414,679
Profit for the year 150,788 150,788
Non-distributable reserves (411,962 ) 411,962 -
At 30 September 2024 (675,924 ) 1,241,391 565,467

10. RELATED PARTY DISCLOSURES

Included in the other creditors is an amount of £3,836,350 (2023: £1,099,778) and £11,279 (2023: £761,279) owed by the company to KMP Propfin Ltd and KMP & Sons respectively. Both KMP Propfin Ltd and KMP & Sons are related party entities.These loans are payable on demand.

During the year company was charged loan interest of £210,411 (2023: £51,224) by KMP PropFin Ltd.

Natwest Bank Plc has a fixed and floating charge over all company assets and undertakings against a loan advanced to KMP Propfin Ltd, a company under common control.
.

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.