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REGISTERED NUMBER: 08223543 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

K.N.M. PROPERTIES (BRIDGEND) LIMITED

K.N.M. PROPERTIES (BRIDGEND) LIMITED (REGISTERED NUMBER: 08223543)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K.N.M. PROPERTIES (BRIDGEND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: K N Mort
Ms J Mort
D O Mort





REGISTERED OFFICE: Court House
Court Road
Bridgend
CF31 1BE





REGISTERED NUMBER: 08223543 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

K.N.M. PROPERTIES (BRIDGEND) LIMITED (REGISTERED NUMBER: 08223543)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,650 -
Investment property 5 962,359 962,359
996,009 962,359

CURRENT ASSETS
Debtors 6 39,707 25,000
Cash at bank 5,063 926
44,770 25,926
CREDITORS
Amounts falling due within one year 7 18,314 26,190
NET CURRENT ASSETS/(LIABILITIES) 26,456 (264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,465

962,095

CREDITORS
Amounts falling due after more than one
year

8

870,493

856,143
NET ASSETS 151,972 105,952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,872 105,852
151,972 105,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

K.N.M. PROPERTIES (BRIDGEND) LIMITED (REGISTERED NUMBER: 08223543)

BALANCE SHEET - continued
31 DECEMBER 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 1 August 2025 and were signed on its behalf by:





K N Mort - Director


K.N.M. PROPERTIES (BRIDGEND) LIMITED (REGISTERED NUMBER: 08223543)

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

1. STATUTORY INFORMATION

K.n.m. Properties (Bridgend) 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

K.N.M. PROPERTIES (BRIDGEND) LIMITED (REGISTERED NUMBER: 08223543)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 28,092
Additions 36,083
At 31 December 2024 64,175
DEPRECIATION
At 1 January 2024 28,092
Charge for year 2,433
At 31 December 2024 30,525
NET BOOK VALUE
At 31 December 2024 33,650

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 962,359
NET BOOK VALUE
At 31 December 2024 962,359
At 31 December 2023 962,359

Investment Property was valued at 31st December 2024 by K N Mort (Director).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,707 -
Other debtors 37,000 25,000
39,707 25,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,009 550
Taxation and social security 9,305 25,640
18,314 26,190

K.N.M. PROPERTIES (BRIDGEND) LIMITED (REGISTERED NUMBER: 08223543)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 172,869 158,519
Other creditors 697,624 697,624
870,493 856,143

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
K N Mort
Balance outstanding at start of year 697,624 697,624
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 697,624 697,624