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REGISTERED NUMBER: 09847243 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

KMD PROPERTY LTD

KMD PROPERTY LTD (REGISTERED NUMBER: 09847243)

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


KMD PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: K Jafari
D Jafari
M Jafari





SECRETARY: M Jafari





REGISTERED OFFICE: 8 Chalfont Drive
Hove
East Sussex
BN3 6QR





REGISTERED NUMBER: 09847243 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
Pavilion View
19 New Road
Brighton
East Sussex
BN1 1EY

KMD PROPERTY LTD (REGISTERED NUMBER: 09847243)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 49
Investment property 5 1,605,000 1,605,000
1,605,000 1,605,049

CURRENT ASSETS
Debtors 6 4,603 3,532
Cash at bank 379,788 337,853
384,391 341,385
CREDITORS
Amounts falling due within one year 7 1,169,444 1,151,391
NET CURRENT LIABILITIES (785,053 ) (810,006 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

819,947

795,043

CREDITORS
Amounts falling due after more than one
year

8

(282,500

)

(282,500

)

PROVISIONS FOR LIABILITIES 10 (79,285 ) (79,285 )
NET ASSETS 458,162 433,258

CAPITAL AND RESERVES
Called up share capital 11 100 100
Investment property fair value reserve 248,638 248,638
Retained earnings 209,424 184,520
SHAREHOLDERS' FUNDS 458,162 433,258

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 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.

KMD PROPERTY LTD (REGISTERED NUMBER: 09847243)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





M Jafari - Director


KMD PROPERTY LTD (REGISTERED NUMBER: 09847243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

KMD 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.

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.

The accounts have been prepared on a going concern basis as the investors and directors have shown a willingness to support the company over the coming twelve months.

Turnover
Revenue is measured at fair value of the consideration received or receivable. Deferred or accrued rents are split from rents receivable when applicable.

Revenue from rents are recognised over the rental period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

KMD PROPERTY LTD (REGISTERED NUMBER: 09847243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 November 2023
and 31 October 2024 1,169
DEPRECIATION
At 1 November 2023 1,120
Charge for year 49
At 31 October 2024 1,169
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 49

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 1,605,000
NET BOOK VALUE
At 31 October 2024 1,605,000
At 31 October 2023 1,605,000

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2018 62,781
Valuation in 2019 23,243
Valuation in 2020 137,371
Valuation in 2021 104,528
Cost 1,277,077
1,605,000

KMD PROPERTY LTD (REGISTERED NUMBER: 09847243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 1,277,077 1,277,077

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,141 3,141
Other debtors 462 391
4,603 3,532

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 10,796 4,490
Other creditors 1,158,648 1,146,901
1,169,444 1,151,391

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 282,500 282,500

9. SECURED DEBTS

The bank loan is secured by fixed charges over two of the company's investment properties and other fixed assets owned by the company.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 79,285 79,285

Deferred
tax
£   
Balance at 1 November 2023 79,285
Balance at 31 October 2024 79,285

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100