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REGISTERED NUMBER: 14193470 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JUNE 2024 TO 30 NOVEMBER 2024

FOR

KCJ PROPERTY LIMITED

KCJ PROPERTY LIMITED (REGISTERED NUMBER: 14193470)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2024 TO 30 NOVEMBER 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


KCJ PROPERTY LIMITED (REGISTERED NUMBER: 14193470)

BALANCE SHEET
30 NOVEMBER 2024

2024 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,170,000 480,000

CURRENT ASSETS
Debtors 5 - 714
Cash at bank 175 17,581
175 18,295
CREDITORS
Amounts falling due within one year 6 1,119,188 483,232
NET CURRENT LIABILITIES (1,119,013 ) (464,937 )
TOTAL ASSETS LESS CURRENT LIABILITIES 50,987 15,063

PROVISIONS FOR LIABILITIES 7 10,096 2,308
NET ASSETS 40,891 12,755

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 30,287 6,923
Retained earnings 10,504 5,732
40,891 12,755

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 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.

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 31 January 2025 and were signed on its behalf by:





S J Appleford - Director


KCJ PROPERTY LIMITED (REGISTERED NUMBER: 14193470)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JUNE 2024 TO 30 NOVEMBER 2024


1. STATUTORY INFORMATION

KCJ Property Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 14193470

Registered office: 15 West Street
Brighton
East Sussex
BN1 2RL

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is comprised of rents received from investment properties.

Investment property
Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss and then transferred to a revaluation reserve.

Taxation
Taxation for the period 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 period 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.

Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other
administrative expenses.

3. EMPLOYEES

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

KCJ PROPERTY LIMITED (REGISTERED NUMBER: 14193470)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JUNE 2024 TO 30 NOVEMBER 2024


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2024 480,000
Additions 658,849
Revaluations 31,151
At 30 November 2024 1,170,000
NET BOOK VALUE
At 30 November 2024 1,170,000
At 31 May 2024 480,000

Fair value at 30 November 2024 is represented by:
£   
Valuation in 2024 9,231
Valuation in 2024 31,151
Cost 1,129,618
1,170,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Other debtors - 714

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Amounts owed to group undertakings 919,898 479,723
Tax 1,287 1,408
Directors' current accounts 196,024 -
Accruals and deferred income 1,979 2,101
1,119,188 483,232

The amount owed to the director is interest free and repayable on demand.

7. PROVISIONS FOR LIABILITIES
2024 2024
£    £   
Deferred tax 10,096 2,308

Deferred
tax
£   
Balance at 1 June 2024 2,308
Deferred tax 7,788
Balance at 30 November 2024 10,096