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REGISTERED NUMBER: 09454291 (England and Wales)






KAY PROPERTY DEVELOPMENT LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






KAY PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 09454291)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KAY PROPERTY DEVELOPMENT LTD

COMPANY INFORMATION
for the year ended 28 February 2025







DIRECTORS: Mrs K Bahra
M S Bahra
A S Bahra





REGISTERED OFFICE: 100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB





REGISTERED NUMBER: 09454291 (England and Wales)





ACCOUNTANTS: Weatherer Bailey Bragg
Chartered Accountants
100 Boldmere Road
Sutton Coldfield
West Midlands
B73 5UB

KAY PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 09454291)

BALANCE SHEET
28 February 2025

28/2/25 29/2/24
Notes £    £   
FIXED ASSETS
Investment property 4 674,336 674,336

CURRENT ASSETS
Debtors 5 5,070 5,467
Cash at bank 36,478 43,626
41,548 49,093
CREDITORS
Amounts falling due within one year 6 (523,445 ) (547,913 )
NET CURRENT LIABILITIES (481,897 ) (498,820 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,439

175,516

CREDITORS
Amounts falling due after more than one
year

7

(3,125

)

(10,625

)
NET ASSETS 189,314 164,891

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 189,214 164,791
SHAREHOLDERS' FUNDS 189,314 164,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 28 August 2025 and were signed on its behalf by:



Mrs K Bahra - Director


KAY PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 09454291)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 28 February 2025

1. STATUTORY INFORMATION

Kay Property Development Ltd 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.

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 at 28 February 2025, the balance sheet reflects net current liabilities of £481,897. However, included within creditors due within one year is an amount due to the director of £491,153. The director has given assurances that they will not request repayment of this amount until other creditors of the company have been settled, and therefore considers the going concern basis of preparation appropriate.

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 (2024 - NIL).

KAY PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 09454291)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

4. INVESTMENT PROPERTY
Total
£   
COST
At 1 March 2024
and 28 February 2025 674,336
NET BOOK VALUE
At 28 February 2025 674,336
At 29 February 2024 674,336

The above investment relates to three investment properties which cost £674,336.

Investment properties were valued on an open market basis on 28 February 2025 by the Director.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Trade debtors 2,845 2,558
Prepayments 2,225 2,909
5,070 5,467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/25 29/2/24
£    £   
Bank loans and overdrafts 7,500 7,500
Trade creditors 11,686 3,616
Corporation tax payable 6,343 10,378
Directors' loan accounts 491,153 517,755
Accrued expenses 6,763 8,664
523,445 547,913

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28/2/25 29/2/24
£    £   
Bank loans - 1-2 years 3,125 7,500
Bank loans - 2-5 years - 3,125
3,125 10,625

8. SECURED DEBTS

The following secured debts are included within creditors:

28/2/25 29/2/24
£    £   
Bank loans 10,625 18,125

The UK Government has provided a guarantee for the bounce back loan should the company default on repayment.

KAY PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 09454291)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 28 February 2025

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/25 29/2/24
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

28/2/25 29/2/24
£    £   
Mrs K Bahra
Balance outstanding at start of year (517,755 ) (522,322 )
Amounts advanced 35,268 8,186
Amounts repaid (8,666 ) (3,619 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (491,153 ) (517,755 )

No interest is charged on directors loans. Amounts are repayable on demand.