K J Property Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04442195 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

K J Property Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

W K Thomas

W S Thomas

REGISTERED OFFICE:

Capital Valley Industrial Park

Rhymney

Gwent

NP22 5PT

REGISTERED NUMBER:

04442195 (England and Wales)

FIXED ASSETS

Investment property

4

2,569,138

2,295,346

CURRENT ASSETS

Debtors

5

100,798

87,445

Cash at bank

748,793

972,008

849,591

1,059,453

CREDITORS

Amounts falling due within one year

6

211,242

202,076

NET CURRENT ASSETS

638,349

857,377

TOTAL ASSETS LESS CURRENT LIABILITIES

3,207,487

3,152,723

CREDITORS

Amounts falling due after more than one year

7

(2,015,740

)

(1,765,740

)

PROVISIONS FOR LIABILITIES

(1,864

)

(1,864

)

NET ASSETS

1,189,883

1,385,119

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,189,881

1,385,117

1,189,883

1,385,119

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 17 June 2025 and were signed on its behalf by:

W K Thomas - Director

1.	STATUTORY INFORMATION

K J Property Investments 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.

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.

Turnover

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

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 2 (2023 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

2,295,346

Additions

273,792

At 30 September 2024

2,569,138

NET BOOK VALUE

At 30 September 2024

2,569,138

At 30 September 2023

2,295,346

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade debtors

100,248

87,445

Other debtors

550

-

100,798

87,445

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Trade creditors

32,932

32,454

Taxation and social security

24,342

24,783

Other creditors

153,968

144,839

211,242

202,076

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.24

30.9.23

£

Amounts owed to associates

2,015,740

1,765,740

8.	RELATED PARTY DISCLOSURES

At the year-end date an amount of £758,937 (2023: £758,937) was owed to K J Minerals Limited. The loan is interest free, unsecured and is repayable on demand save that 366 days notice is required prior to repayment having to be made.

During the year, the company was charged £250,000 (2023: £250,000) by K J Services Limited for the provision of management services. At the year-end date an amount of £1,256,803 (2023: £1,006,802) was owed to K J Services Limited. The balance is interest free, unsecured and is repayable on demand save that 366 days notice is required prior to repayment having to be made.