Registered number
12660949
K Cross Development Ltd
Filleted Accounts
31 March 2025
K Cross Development Ltd
Registered number: 12660949
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 8,937,331 8,937,331
Current assets
Debtors 4 16,455 57,251
Cash at bank and in hand 330 26,460
16,785 83,711
Creditors: amounts falling due within one year 5 (3,672,504) (3,262,897)
Net current liabilities (3,655,719) (3,179,186)
Total assets less current liabilities 5,281,612 5,758,145
Creditors: amounts falling due after more than one year 6 (5,600,466) (5,764,938)
Net liabilities (318,854) (6,793)
Capital and reserves
Called up share capital 100 100
Profit and loss account (318,954) (6,893)
Shareholder's funds (318,854) (6,793)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C Kantarci
Director
Approved by the board on 12 August 2025
K Cross Development Ltd
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
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).
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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Investment property
Investment Property
£
Cost
At 1 April 2024 8,937,331
At 31 March 2025 8,937,331
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 8,937,331
At 31 March 2024 8,937,331
4 Debtors 2025 2024
£ £
Trade debtors - 52,431
Prepayments 4,395 4,820
Other debtors 12,060 -
16,455 57,251
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 13,766 783
Taxation and social security costs - 81,610
Other creditors 3,658,738 3,180,504
3,672,504 3,262,897
Included in Other Creditors is an amount of £3,654,439 (2024 - £3,178,704) owed to a company
under common control.
6 Creditors: amounts falling due after one year 2025 2024
£ £
Other creditors 5,600,466 5,764,938
7 Other information
K Cross Development Ltd is a private company limited by shares and incorporated in England. Its registered office is:
7 Bedlam Mews
London
SE11 6DF
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