NKRS Properties Limited
Statement of financial position
as at 30 June 2025
Investment property
594,408
Cash at bank and in hand
1,480
Creditors: amounts falling due within one year
(184,511)
Net current liabilities
(182,072)
Total assets less current liabilities
412,336
Creditors: amounts falling due after more than one year
(413,287)
Called up share capital
100
Profit and loss account
(1,051)
For the period ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2025 and were signed on its behalf by
Richard Martin Skelley
Director
Company Registration No. 15761148
NKRS Properties Limited
Notes to the Accounts
for the period from 4 June 2024 to 30 June 2025
NKRS Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 15761148. The registered office is Capital Office, 124-128 City Road, London, EC1V 2NX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Turnover represents amounts receivable of rents net of VAT
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Investment property is initially recognised at cost including directly attributable expenditure. Subsequently it is measured at fair value included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The accounts are presented in £ sterling.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Freehold investment property is shown at cost of acquisition in the financial year
Amounts falling due after more than one year
Accrued income and prepayments
49
NKRS Properties Limited
Notes to the Accounts
for the period from 4 June 2024 to 30 June 2025
6
Creditors: amounts falling due within one year
2025
Loans from directors
182,608
7
Creditors: amounts falling due after more than one year
2025
Aggregate of amounts that fall due for payment after five years
413,287
At the balance sheet date, the company had a loan of £413,287 which is secured by a fixed charge over the company’s freehold property.
The loan is interest only with a term of 25 years.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
9
Transactions with related parties
During the year, the directors provided loans of £182,608 to the company. The loans are unsecured, interest-free, and repayable on demand. At the year end, the loan balances were £182,608
The ultimate controlling party is N K Read a director and shareholder
11
Average number of employees
During the period the average number of employees was 2.