Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-09-01falseasset management11truetrue 04275372 2023-09-01 2024-08-31 04275372 2022-09-01 2023-08-31 04275372 2024-08-31 04275372 2023-08-31 04275372 c:Director1 2023-09-01 2024-08-31 04275372 d:OfficeEquipment 2023-09-01 2024-08-31 04275372 d:OfficeEquipment 2024-08-31 04275372 d:OfficeEquipment 2023-08-31 04275372 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 04275372 d:CurrentFinancialInstruments 2024-08-31 04275372 d:CurrentFinancialInstruments 2023-08-31 04275372 d:Non-currentFinancialInstruments 2024-08-31 04275372 d:Non-currentFinancialInstruments 2023-08-31 04275372 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 04275372 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04275372 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 04275372 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 04275372 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 04275372 d:ShareCapital 2024-08-31 04275372 d:ShareCapital 2023-08-31 04275372 d:RetainedEarningsAccumulatedLosses 2024-08-31 04275372 d:RetainedEarningsAccumulatedLosses 2023-08-31 04275372 c:FRS102 2023-09-01 2024-08-31 04275372 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 04275372 c:FullAccounts 2023-09-01 2024-08-31 04275372 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 04275372 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure

Registered number:  04275372














KLIN PROPERTY LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024


 
KLIN PROPERTY LIMITED
REGISTERED NUMBER: 04275372

BALANCE SHEET
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
998
1,248

  
998
1,248

Current assets
  

Debtors: amounts falling due within one year
 5 
337,375
337,375

Cash at bank and in hand
 6 
100,921
100,921

  
438,296
438,296

Creditors: amounts falling due within one year
 7 
(140,688)
(135,928)

Net current assets
  
 
 
297,608
 
 
302,368

Total assets less current liabilities
  
298,606
303,616

Creditors: amounts falling due after more than one year
 8 
(39,082)
(39,082)

  

Net assets
  
259,524
264,534


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
259,522
264,532

  
259,524
264,534


Page 1

 
KLIN PROPERTY LIMITED
REGISTERED NUMBER: 04275372
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


................................................
R Klin
Director

Date: 28 August 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

The company is a private company limited by share, which is incorporated under the Companies Act 2006 and registered in England (no. 04275372). The address of the registered office is 2 Devonshire Square, London, EC2M 4UJ.
These financial statements present information about the company as an individual undertaking. The principal activity of the company is that of an asset management company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Office equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 September 2023
11,731



At 31 August 2024

11,731



Depreciation


At 1 September 2023
10,483


Charge for the year on owned assets
250



At 31 August 2024

10,733



Net book value



At 31 August 2024
998



At 31 August 2023
1,248

Page 5

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Debtors

2024
2023
£
£


Other debtors
337,375
337,375

337,375
337,375



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
100,921
100,921

100,921
100,921



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,000
10,000

Corporation tax
57,294
57,294

Other creditors
53,469
53,470

Accruals and deferred income
19,925
15,164

140,688
135,928



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
39,082
39,082

39,082
39,082


Page 6

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000

Amounts falling due 2-5 years

Bank loans
29,082
29,082


49,082
49,082


Page 7

 
KLIN PROPERTY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Deferred taxation


11.


Related party transactions

Included in other debtors is an amount of £90,638 (2023: £90,638) owed from Habitus Investments Limited, a company whom R Klin is a director and shareholder.
Also included in other debtors is an amount of £308,987 (2023: £308,987) owed from Klin Property Liverpool Limited, a company whom R Klin is a director and shareholder.


12.


Controlling party

The company is under the control of R Klin.

 
Page 8