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Kelting Basildon Limited

Registered Number
09992837
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

Kelting Basildon Limited
Company Information
for the year from 1 March 2024 to 28 February 2025

Directors

Mandeep Singh Binning
Antonis Demetri
Antonis Theori
Nicholas Theori

Registered Address

2nd Floor 10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

09992837 (England and Wales)
Kelting Basildon Limited
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Investments100100
Investment property311,000,00011,000,000
11,000,10011,000,100
Current assets
Debtors4228,567226,011
Cash at bank and on hand46,46476,942
275,031302,953
Creditors amounts falling due within one year5(2,115,213)(2,071,832)
Net current assets (liabilities)(1,840,182)(1,768,879)
Total assets less current liabilities9,159,9189,231,221
Creditors amounts falling due after one year6(6,347,994)(6,372,088)
Provisions for liabilities7(805,210)(805,210)
Net assets2,006,7142,053,923
Capital and reserves
Called up share capital100100
Profit and loss account2,006,6142,053,823
Shareholders' funds2,006,7142,053,923
The financial statements were approved and authorised for issue by the Board of Directors on 18 June 2025, and are signed on its behalf by:
Antonis Theori
Director
Registered Company No. 09992837
Kelting Basildon Limited
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the net value of the rent received as per rental agreements.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
Investment Properties are stated at fair market valuations. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.
2.Average number of employees

20252024
Average number of employees during the year01
3.Investment property
The valuation of the property have been carried out by the directors and it reflects the fair value at the balance sheet date. Historical cost of the investment property is 2025 - £7,779,162, 2024 - £7,779,162.

£
Fair value at 01 March 2411,000,000
At 28 February 2511,000,000
4.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables40,11166,461
Other debtors97,39282,505
Prepayments and accrued income91,06477,045
Total228,567226,011
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables118,47760,572
Bank borrowings and overdrafts23,57423,055
Taxation and social security-860
Other creditors1,973,1621,987,345
Total2,115,2132,071,832
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts6,347,9946,372,088
Total6,347,9946,372,088
The bank loans are secured against the property and personal quarantines are given by the directors.
7.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

2025

2024

££
Net deferred tax liability (asset)805,210805,210
Total805,210805,210