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KICO PROPERTY COMPANY LIMITED

Registered Number
13729013
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

KICO PROPERTY COMPANY LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

WONG, Hoi Shan

Company Secretary

CHEUNG, Wing Hong

Registered Address

28 St Wilfrid's Place
28 St Wilfrid Drive
Liverpool
L21 8QU

Registered Number

13729013 (England and Wales)
KICO PROPERTY COMPANY LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets34,3572,044
Investment property4233,983233,983
238,340236,027
Current assets
Debtors53,279392
Cash at bank and on hand6263,633
3,9054,025
Creditors amounts falling due within one year6(249,329)(240,788)
Net current assets (liabilities)(245,424)(236,763)
Total assets less current liabilities(7,084)(736)
Net assets(7,084)(736)
Capital and reserves
Called up share capital11
Profit and loss account(7,085)(737)
Shareholders' funds(7,084)(736)
The financial statements were approved and authorised for issue by the Director on 13 August 2025, and are signed on its behalf by:
WONG, Hoi Shan
Director
Registered Company No. 13729013
KICO PROPERTY COMPANY LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
The turnover shown in the profit and loss account represents the rental income receivable for the year. Income is recognised on the basis of rent due for the year.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Fixtures and fittings5
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
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 transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Fixtures & fittings

Total

££
Cost or valuation
At 01 December 232,5132,513
Additions2,9902,990
At 30 November 245,5035,503
Depreciation and impairment
At 01 December 23469469
Charge for year677677
At 30 November 241,1461,146
Net book value
At 30 November 244,3574,357
At 30 November 232,0442,044
4.Investment property
The investment property was revalued by the director on 30 November 2024, who deems the cost as approximate to its current market value.

£
Fair value at 01 December 23233,983
At 30 November 24233,983
5.Debtors: amounts due within one year

2024

2023

££
Other debtors3,279392
Total3,279392
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security26
Other creditors239,374237,437
Accrued liabilities and deferred income9,9533,345
Total249,329240,788
Included within other creditors are loans from the director of £4,724 (2023: £4,437). These amounts are interest free and repayable on demand.
7.Related party transactions
The loan balance due to the directors amounted to £4,724 (2023: £4,437) at the year end.