| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| FOR |
| KAIZEN PROPERTY GROUP LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| FOR |
| KAIZEN PROPERTY GROUP LIMITED |
| KAIZEN PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10443768) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| Page |
| Statement of Financial Position | 1 | to | 2 |
| Notes to the Financial Statements | 3 | to | 6 |
| KAIZEN PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10443768) |
| STATEMENT OF FINANCIAL POSITION |
| 28 SEPTEMBER 2024 |
| 28.9.24 | 28.9.23 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 10 |
| Retained earnings | ( |
) | ( |
) |
| ( |
) | ( |
) |
| 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. |
| KAIZEN PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10443768) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 28 SEPTEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| KAIZEN PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10443768) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Kaizen Property Group Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| SIGNIFICANT JUDGEMENTS AND ESTIMATES |
| The preparation of the financial statements requires management to make judgements, |
| estimates and assumptions that affect the amounts reported. These estimates and judgements |
| are continually reviewed and are based on experience and other factors, including expectations of |
| future events that are believed to be reasonable under the circumstances. |
| (i) Estimated useful life and residual values of fixed assets |
| As described in the notes to the financial statements, amortisation of intangible fixed assets and depreciation of tangible fixed assets have been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods. |
| (ii) Valuation of investment properties |
| As described in the notes to the financial statements, the investment properties are stated in the |
| balance sheet at fair value, based on the acquisition costs in the year. The directors are of the |
| opinion that the year-end valuation is not materially different to current market prices observed. |
| REVENUE RECOGNITION |
| Turnover is measured at the fair value of the rent received or receivable. |
| TANGIBLE FIXED ASSETS |
| Plant and machinery | - |
| Computer equipment | - |
| KAIZEN PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10443768) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| FINANCIAL INSTRUMENTS |
| A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. |
| Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
| For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. |
| TAXATION |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date. |
| DEFERRED TAX |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| GOING CONCERN |
| The directors of the company have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| KAIZEN PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10443768) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and | Computer |
| machinery | equipment | Totals |
| £ | £ | £ |
| COST |
| At 29 September 2023 |
| and 28 September 2024 |
| DEPRECIATION |
| At 29 September 2023 |
| and 28 September 2024 |
| NET BOOK VALUE |
| At 28 September 2024 |
| At 28 September 2023 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 29 September 2023 |
| Revaluations | (36,012 | ) |
| Impairments | (8,988 | ) |
| At 28 September 2024 |
| NET BOOK VALUE |
| At 28 September 2024 |
| At 28 September 2023 |
| The investment property have been valued by the directors during the year, this is considered the fair value at 28 September 2024. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.9.24 | 28.9.23 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 28.9.24 | 28.9.23 |
| £ | £ |
| Trade creditors |
| Other creditors |
| KAIZEN PROPERTY GROUP LIMITED (REGISTERED NUMBER: 10443768) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 28 SEPTEMBER 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 28.9.24 | 28.9.23 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans payable more than |
| 5 years by instalments | 352,292 | 352,292 |
| 352,292 | 352,292 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 28.9.24 | 28.9.23 |
| £ | £ |
| Bank loans |
| 10. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 29 September 2023 |
| Revaluation | (29,170 | ) |
| At 28 September 2024 |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| All transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material. |