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Company No: 07853647 (England and Wales)

KDKS PROPERTIES LTD

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

KDKS PROPERTIES LTD

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

KDKS PROPERTIES LTD

BALANCE SHEET

As at 30 November 2024
KDKS PROPERTIES LTD

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Investment property 4 619,839 624,839
619,839 624,839
Current assets
Debtors 5 4,968 4,968
Cash at bank and in hand 14,943 12,124
19,911 17,092
Creditors: amounts falling due within one year 6 ( 373,945) ( 382,872)
Net current liabilities (354,034) (365,780)
Total assets less current liabilities 265,805 259,059
Net assets 265,805 259,059
Capital and reserves
Called-up share capital 7 300 300
Profit and loss account 265,505 258,759
Total shareholders' funds 265,805 259,059

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of KDKS Properties Ltd (registered number: 07853647) were approved and authorised for issue by the Board of Directors on 29 August 2025. They were signed on its behalf by:

Mr K A Seaborne
Director
KDKS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
KDKS PROPERTIES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

KDKS Properties Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Exonia, Widemouth Bay, Bude, EX23 0DE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities.

The Company recognises revenue based on its value of the service provided to date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value of each asset over its expected useful life, as follows:

Office equipment 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 December 2023 390 390
At 30 November 2024 390 390
Accumulated depreciation
At 01 December 2023 390 390
At 30 November 2024 390 390
Net book value
At 30 November 2024 0 0
At 30 November 2023 0 0

4. Investment property

Investment property
£
Valuation
As at 01 December 2023 624,839
Disposals (5,000)
As at 30 November 2024 619,839

Valuation

The investment property was valued on 30 November 2024 by the directors. In the directors opinion the value of the property had not changed since the previous balance sheet date. There has been no valuation of investment property by an independent valuer.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 619,839 624,839

5. Debtors

2024 2023
£ £
Other debtors 4,968 4,968

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 4,063
Amounts owed to related parties 21,819 26,313
Amounts owed to directors 349,362 348,896
Accruals 2,640 3,600
Taxation and social security 124 0
373,945 382,872

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each 300 300

8. Related party transactions

Transactions with the entity's directors

At the year end the Company owed directors £349,362 (2023 - £348,896). This loan is interest free and has no fixed date of repayment.

Other related party transactions

2024 2023
£ £
Sian Marie Hotel Limited 21,819 26,313

The directors of the Company are also directors of Sian Marie Hotel Limited. The above balance remained due to Sian Marie Hotel Limited at the year end. This loan is interest free and has no fixed date of repayment.