IRIS Accounts Production v25.1.3.33 09836647 director 1.11.23 31.10.24 31.10.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh098366472023-10-31098366472024-10-31098366472023-11-012024-10-31098366472022-10-31098366472022-11-012023-10-31098366472023-10-3109836647ns15:EnglandWales2023-11-012024-10-3109836647ns14:PoundSterling2023-11-012024-10-3109836647ns10:Director12023-11-012024-10-3109836647ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3109836647ns10:SmallEntities2023-11-012024-10-3109836647ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3109836647ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3109836647ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3109836647ns10:FullAccounts2023-11-012024-10-3109836647ns10:RegisteredOffice2023-11-012024-10-3109836647ns5:CurrentFinancialInstruments2024-10-3109836647ns5:CurrentFinancialInstruments2023-10-3109836647ns5:Non-currentFinancialInstruments2024-10-3109836647ns5:Non-currentFinancialInstruments2023-10-3109836647ns5:ShareCapital2024-10-3109836647ns5:ShareCapital2023-10-3109836647ns5:RevaluationReserve2024-10-3109836647ns5:RevaluationReserve2023-10-3109836647ns5:RetainedEarningsAccumulatedLosses2024-10-3109836647ns5:RetainedEarningsAccumulatedLosses2023-10-3109836647ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3109836647ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 09836647 (England and Wales)




















Unaudited Financial Statements

FOR THE YEAR ENDED

31 October 2024

for

KINGS PROPERTY LTD

KINGS PROPERTY LTD (REGISTERED NUMBER: 09836647)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGS PROPERTY LTD

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: S Bodner





REGISTERED OFFICE: First Floor, Winston House
349 Regents Park Road
London
N3 1DH





REGISTERED NUMBER: 09836647 (England and Wales)





ACCOUNTANTS: Melinek Fine LLP
Chartered Accountants
First Floor, Winston House
349 Regents Park Road
London
N3 1DH

KINGS PROPERTY LTD (REGISTERED NUMBER: 09836647)

Balance Sheet
31 OCTOBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 195,000 90,504

CURRENT ASSETS
Debtors 5 657 -
Cash at bank 4,259 6,624
4,916 6,624
CREDITORS
Amounts falling due within one year 6 57,909 53,845
NET CURRENT LIABILITIES (52,993 ) (47,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,007

43,283

CREDITORS
Amounts falling due after more than one year 7 (35,183 ) (36,034 )

PROVISIONS FOR LIABILITIES (26,124 ) -
NET ASSETS 80,700 7,249

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 78,372 -
Profit and loss account 2,228 7,149
80,700 7,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KINGS PROPERTY LTD (REGISTERED NUMBER: 09836647)

Balance Sheet - continued
31 OCTOBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 July 2025 and were signed by:





S Bodner - Director


KINGS PROPERTY LTD (REGISTERED NUMBER: 09836647)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Kings Property Ltd 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 as modified by the revaluation of certain assets.

This is the first year that the company has presented its results under FRS 102. The last financial statements under UK GAAP were for the year ended 31 October 2017. The date of transition to FRS 102 was 1 November 2016. There are no transitional adjustments arising from the first time adoption of FRS 102.

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 Profit and Loss Account, 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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and creditors and loans from banks.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

KINGS PROPERTY LTD (REGISTERED NUMBER: 09836647)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 90,504
Revaluations 104,496
At 31 October 2024 195,000
NET BOOK VALUE
At 31 October 2024 195,000
At 31 October 2023 90,504

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2024 104,496
Cost 90,504
195,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 657 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 869 887
Trade creditors - 720
Taxation and social security 262 555
Other creditors 56,778 51,683
57,909 53,845

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 35,183 36,034

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 31,707 32,487