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REGISTERED NUMBER: 07790315 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

Kamaie Properties Limited

Kamaie Properties Limited (Registered number: 07790315)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 9


Kamaie Properties Limited

COMPANY INFORMATION
for the year ended 31 March 2025







Director: Mr E Kamaie



Registered office: 129 North Hill
Plymouth
Devon
PL4 8JY



Business address: Poltair
Seymour Road
Mannamead
Plymouth
Devon
PL3 5AR



Registered number: 07790315 (England and Wales)



Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY



Solicitors: Wolferstans
Deptford Chambers
60/66 North Hill
Plymouth
Devon
PL4 8EP

Kamaie Properties Limited (Registered number: 07790315)

BALANCE SHEET
31 March 2025

2025 2024
Notes £    £    £   
Fixed assets
Tangible assets 4 150,910 91,468
Investments 5 100 100
Investment property 6 1,750,000 1,750,000
1,901,010 1,841,568

Current assets
Stocks 11,566 -
Debtors 7 20,500 21,643
Cash at bank 7,103 4,753
39,169 26,396
Creditors
Amounts falling due within one year 8 871,683 887,576
Net current liabilities (832,514 ) (861,180 )
Total assets less current liabilities 1,068,496 980,388

Creditors
Amounts falling due after more than
one year

9

(129,175

)

(86,200

)

Provisions for liabilities 11 (221,000 ) (118,500 )
Net assets 718,321 775,688

Capital and reserves
Called up share capital 12 100 100
Revaluation reserve 490,836 535,947
Retained earnings 227,385 239,641
Shareholders' funds 718,321 775,688

Kamaie Properties Limited (Registered number: 07790315)

BALANCE SHEET - continued
31 March 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2025 and were signed by:





Mr E Kamaie - Director


Kamaie Properties Limited (Registered number: 07790315)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Kamaie Properties Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office address and business 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.

Preparation of consolidated financial statements
The financial statements contain information about Kamaie Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents rent received (net of any VAT) for the period covered by the financial statements, adjusted for any amounts in advance/arrears at the balance sheet date.

Turnover also includes amounts invoiced (net of any VAT) for property construction services (2025 Nil; 2024 £200,000) undertaken.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixures and fittings- 25% on cost
Motor vehicles- straight line over 4 years
Leased assets- straight line over primary lease period

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss for the period.

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.


Kamaie Properties Limited (Registered number: 07790315)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & 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.

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
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
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.

Provisions
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.

Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term. the lease term.

Kamaie Properties Limited (Registered number: 07790315)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
Cost
At 1 April 2024 21,424 97,815 119,239
Additions 2,504 80,685 83,189
At 31 March 2025 23,928 178,500 202,428
Depreciation
At 1 April 2024 20,182 7,589 27,771
Charge for year 584 23,163 23,747
At 31 March 2025 20,766 30,752 51,518
Net book value
At 31 March 2025 3,162 147,748 150,910
At 31 March 2024 1,242 90,226 91,468

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1 April 2024
and 31 March 2025 100
Net book value
At 31 March 2025 100
At 31 March 2024 100

Investments represent 100% holding in Vauxhall Street Holdings Limited which is a dormant company registered in England and Wales.

Kamaie Properties Limited (Registered number: 07790315)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2024
and 31 March 2025 1,750,000
Net book value
At 31 March 2025 1,750,000
At 31 March 2024 1,750,000

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2017 995,000
Valuation in 2019 205,000
Valuation in 2021 300,000
Valuation in 2022 250,000
1,750,000

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

2025 2024
£    £   
Cost 1,095,553 1,095,553

The investment property was valued on 31 March 2023 by the director.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Other debtors 20,500 21,643

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts and finance leases (see note 10)
29,528

21,710
Taxation and social security 17,776 38,967
Other creditors 824,379 826,899
871,683 887,576

Kamaie Properties Limited (Registered number: 07790315)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Hire purchase contracts and finance leases (see note 10)
129,175

86,200

10. HP AND FINANCE LEASES

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
2025 2024 2025 2024
£    £    £    £   
Net obligations repayable:
Within one year 29,528 11,777 - 9,933
Between one and five years 129,175 26,665 - 59,535
158,703 38,442 - 69,468

11. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 221,000 118,500

Deferred
tax
£   
Balance at 1 April 2024 118,500
Provided during year 102,500
Balance at 31 March 2025 221,000

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 - 100
10,000 Ordinary £0.01 100 -
100 100

During the year 100 ordinary shares of £1.00 each were subdivided into 10,000 ordinary shares of £0.01 each.

Kamaie Properties Limited (Registered number: 07790315)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2025

13. RELATED PARTY DISCLOSURES

E&L Rental Properties Limited loan to the company £813,870
(Company wholly owned by E Kamaie, Mrs L Kamaie and their children)
P Kamaie Property Limited loan from the company
(Company wholly owned by Mr P Kamaie - son of the director) (£500 )

14. ULTIMATE CONTROLLING PARTY

The controlling party is the director Mr E Kamaie and his wife Mrs L Kamaie.