IRIS Accounts Production v25.1.4.42 01610672 Board of Directors Board of Directors 1.4.24 31.3.25 31.3.25 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh016106722024-03-31016106722025-03-31016106722024-04-012025-03-31016106722023-03-31016106722023-04-012024-03-31016106722024-03-3101610672ns15:EnglandWales2024-04-012025-03-3101610672ns14:PoundSterling2024-04-012025-03-3101610672ns10:Director12024-04-012025-03-3101610672ns10:Director22024-04-012025-03-3101610672ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3101610672ns10:SmallEntities2024-04-012025-03-3101610672ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3101610672ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3101610672ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3101610672ns10:FullAccounts2024-04-012025-03-3101610672ns10:OrdinaryShareClass12024-04-012025-03-3101610672ns10:RegisteredOffice2024-04-012025-03-3101610672ns5:CurrentFinancialInstruments2025-03-3101610672ns5:CurrentFinancialInstruments2024-03-3101610672ns5:ShareCapital2025-03-3101610672ns5:ShareCapital2024-03-3101610672ns5:RevaluationReserve2025-03-3101610672ns5:RevaluationReserve2024-03-3101610672ns5:RetainedEarningsAccumulatedLosses2025-03-3101610672ns5:RetainedEarningsAccumulatedLosses2024-03-310161067212024-04-012025-03-3101610672ns5:PlantMachinery2024-04-012025-03-3101610672ns5:PlantMachinery2024-03-3101610672ns5:PlantMachinery2025-03-3101610672ns5:PlantMachinery2024-03-3101610672ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3101610672ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101610672ns5:DeferredTaxation2024-03-3101610672ns5:DeferredTaxation2024-04-012025-03-3101610672ns5:DeferredTaxation2025-03-3101610672ns10:OrdinaryShareClass12025-03-31
REGISTERED NUMBER: 01610672 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KLM INVESTMENTS LIMITED

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KLM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: R J Millard
K L Millard





REGISTERED OFFICE: 23 Colne Road
Earith
Huntingdon
Cambridgeshire
PE28 3PY





REGISTERED NUMBER: 01610672 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 5 865 919
Investment property 6 3,286,253 3,286,253
3,287,118 3,287,172

CURRENT ASSETS
Debtors 7 87 387
Investments 8 494,127 500,690
Cash at bank 49,343 96,712
543,557 597,789
CREDITORS
Amounts falling due within one year 9 (46,289 ) (48,324 )
NET CURRENT ASSETS 497,268 549,465
TOTAL ASSETS LESS CURRENT LIABILITIES 3,784,386 3,836,637

PROVISIONS FOR LIABILITIES 10 (397,372 ) (399,013 )
NET ASSETS 3,387,014 3,437,624

CAPITAL AND RESERVES
Called up share capital 11 100,000 100,000
Non-distributable reserve 2,239,733 2,239,733
Retained earnings 1,047,281 1,097,891
SHAREHOLDERS' FUNDS 3,387,014 3,437,624

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 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.

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

BALANCE SHEET - continued
31 MARCH 2025


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 Board of Directors and authorised for issue on 3 July 2025 and were signed on its behalf by:




K L Millard - Director



R J Millard - Director


KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

KLM Investments Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty
At the balance sheet date the directors have carried out a desktop valuation of the property having considered the fair values of similar property in the same geographic are. This is considered to represent a judgement and therefore carries estimation uncertainty.

Turnover
Turnover represents amounts receivable in relation to the rental of commercial property, consultancy services and recharged costs net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.


KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

3. ACCOUNTING POLICIES - continued
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.

Deferred tax
Deferred tax is recognised in respect of all material 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.

Current asset investments
Current asset investments that are listed on a recognised market are recognised at their fair value with gains and losses recognised in the income statement.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 99,749
DEPRECIATION
At 1 April 2024 98,830
Charge for year 54
At 31 March 2025 98,884
NET BOOK VALUE
At 31 March 2025 865
At 31 March 2024 919

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

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 3,286,253
NET BOOK VALUE
At 31 March 2025 3,286,253
At 31 March 2024 3,286,253

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2018 1,300,000
Valuation in 2022 1,200,000
Valuation in 2023 786,253
3,286,253

Investment was valued on a fair value basis on 31 March 2025 by the director .

The director has considered the fair value of investment property at the balance sheets and has concluded that its fair value is not materially different to its carrying value.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 87 387

8. CURRENT ASSET INVESTMENTS
2025 2024
£    £   
Listed investments 494,127 500,690

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Taxation and social security 41,280 43,315
Other creditors 5,009 5,009
46,289 48,324

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 397,372 399,013

KLM INVESTMENTS LIMITED (REGISTERED NUMBER: 01610672)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2024 399,013
Credit to Profit and loss account during year (1,641 )
Balance at 31 March 2025 397,372

Deferred tax is recognised in respect of the fair value adjustment made to investment property and current asset investments. A tax liability will only crystalise on any future sale of the investment property or investment holding in full or in part at the corporation tax rate prevailing at the date of sale.

11. CALLED UP SHARE CAPITAL

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

12. RELATED PARTY DISCLOSURES

During the year the company paid dividends of £150,000 (2024: £150,000) to companies which have a particpating interest in KLM Investments Limited.

During the year under review the company paid £6,000 (2024: £6,000) to the wife of a director.