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REGISTERED NUMBER: 11368107 (England and Wales)


Unaudited Financial Statements for the Year Ended 30 September 2024

for

KMP PropFin Limited

KMP PropFin Limited (Registered number: 11368107)






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 3


KMP PropFin Limited

Company Information
for the Year Ended 30 September 2024







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





REGISTERED OFFICE: 2nd Floor, Compton House
29-33 Church Road
Stanmore
Middlesex
HA7 4AR





REGISTERED NUMBER: 11368107 (England and Wales)





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

KMP PropFin Limited (Registered number: 11368107)

Statement of Financial Position
30 September 2024

30.9.24 30.9.23
Notes £    £   
CURRENT ASSETS
Debtors 4 28,757,626 20,659,727
Cash at bank 15,543 505,041
28,773,169 21,164,768
CREDITORS
Amounts falling due within one year 5 330,152 12,036,827
NET CURRENT ASSETS 28,443,017 9,127,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,443,017

9,127,941

CREDITORS
Amounts falling due after more than one
year

6

28,320,472

8,997,528
NET ASSETS 122,545 130,413

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 122,445 130,313
SHAREHOLDER FUNDS 122,545 130,413

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 authorised for issue by the Board of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by:



Mr V M Patel - Director


KMP PropFin Limited (Registered number: 11368107)

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

1. STATUTORY INFORMATION

KMP PropFin 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.

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 interest receivables. The revenue is recognised when the demand for interest is issued.

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.

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 - 3 ) .

KMP PropFin Limited (Registered number: 11368107)

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

4. DEBTORS
30.9.24 30.9.23
£    £   
Amounts falling due within one year:
Other debtors 100 48,100

Amounts falling due after more than one year:
Other debtors 28,757,526 20,611,627

Aggregate amounts 28,757,626 20,659,727

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts (see note 7) - 12,025,000
Trade creditors - 1
Tax - 9,052
Accruals and deferred income 330,152 2,774
330,152 12,036,827

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans (see note 7) 19,100,000 -
Other creditors 9,220,472 8,997,528
28,320,472 8,997,528

7. LOANS

An analysis of the maturity of loans is given below:

30.9.24 30.9.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 12,025,000

Amounts falling due between two and five years:
NatWest Bank loan - 2-5 years 19,100,000 -

KMP PropFin Limited (Registered number: 11368107)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 19,100,000 12,025,000

The NatWest Bank loan is secured by way of fixed and floating charge over all the property or undertakings of the company, including those of some of its related entities under common control.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 October 2023 130,313
Deficit for the year (7,868 )
At 30 September 2024 122,445

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors amount falling due after more than one year is an amount of £584,574 owed by the company to one of its director.

12. RELATED PARTY DISCLOSURES

Included in other debtors falling due after more than one year is an amount of £20,820,596 (2023: £12,996,165) owed to the company by various companies related by virtue of common control.

Included in other creditors falling due after more than one year is an amount of £1,484,014 (2023: £1,450,000) owed by the company to various companies related by virtue of common control.

Also included in other creditors falling due after more than one year is an amount of £2,838,800 (2023: £2,837,370) owed by the company to its shareholders. These loans are interest free and unsecured.

13. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.