Company registration number 01280779 (England and Wales)
K & K ENTERPRISES LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
K & K ENTERPRISES LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
K & K ENTERPRISES LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
685
7,369
Investment property
4
3,805,000
3,725,000
Investments
5
203,230
154,606
4,008,915
3,886,975
Current assets
Debtors
6
10,042
9,761
Cash at bank and in hand
1,001,373
961,621
1,011,415
971,382
Creditors: amounts falling due within one year
7
(87,498)
(30,143)
Net current assets
923,917
941,239
Total assets less current liabilities
4,932,832
4,828,214
Provisions for liabilities
(68,272)
(56,116)
Net assets
4,864,560
4,772,098
Capital and reserves
Called up share capital
8
2,100
2,100
Share premium account
90,000
90,000
Non-distributable profits reserve
9
1,600,628
1,564,160
Distributable profit and loss reserves
3,171,832
3,115,838
Total equity
4,864,560
4,772,098
K & K ENTERPRISES LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 24 July 2025 and are signed on its behalf by:
R A F King
Director
Company registration number 01280779 (England and Wales)
K & K ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

K & K Enterprises Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Suite 7A, Building 6, Croxley Park, Hatters Lane, Watford, Hertfordshire, WD18 8YH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts rent receivable during the year.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
over 4 years
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.

K & K ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes.  The deferred tax balance has not been discounted.
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
K & K ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024
60,726
Disposals
(29,208)
At 31 March 2025
31,518
Depreciation and impairment
At 1 April 2024
53,357
Depreciation charged in the year
204
Eliminated in respect of disposals
(22,728)
At 31 March 2025
30,833
Carrying amount
At 31 March 2025
685
At 31 March 2024
7,369
4
Investment property
2025
£
Fair value
At 1 April 2024
3,725,000
Additions
110,000
Disposals
(30,000)
At 31 March 2025
3,805,000

The fair value of the investment properties has been arrived at on the basis of a valuation carried out in November 2022 by Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

 

The historical cost of the properties was £2,254,200 (2024:£2,174,200).

 

5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
203,230
154,606
K & K ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Shares in subsidiary
Other investments
Total
£
£
£
Cost or valuation
At 1 April 2024
-
154,606
154,606
Additions
57,000
-
57,000
Valuation changes
-
48,624
48,624
Reduction in cost of investment
(56,950)
-
(56,950)
At 31 March 2025
50
203,230
203,280
Impairment
At 1 April 2024
-
-
-
Impairment losses
50
-
50
At 31 March 2025
50
-
50
Carrying amount
At 31 March 2025
-
203,230
203,230
At 31 March 2024
-
154,606
154,606
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
10,042
9,761
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
10,669
1,594
Taxation and social security
19,555
20,186
Other creditors
57,274
8,363
87,498
30,143
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,100
2,100
2,100
2,100
K & K ENTERPRISES LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
9
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
1,564,160
1,549,406
Movement in the year
36,468
14,754
At the end of the year
1,600,628
1,564,160
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