REGISTERED NUMBER: 07103090 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KMA PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K I Allison-Dean

D R Allison

M R Allison

REGISTERED OFFICE:

Marton Hall

Church Lane

Sewerby

Bridlington

East Yorkshire

YO15 1DS

REGISTERED NUMBER:

07103090 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

FIXED ASSETS

Tangible assets

4

2,578,386

2,130,411

Investments

5

9,170,144

8,859,842

Investment property

6

2,240,168

1,772,368

13,988,698

12,762,621

CURRENT ASSETS

Stocks

76,000

89,153

Debtors

7

160,943

536,734

Cash at bank

170,786

40,338

407,729

666,225

CREDITORS

Amounts falling due within one year

8

1,482,339

1,321,937

NET CURRENT LIABILITIES

(1,074,610

)

(655,712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,914,088

12,106,909

CREDITORS

Amounts falling due after more than one year

9

(408,682

)

(472,256

)

PROVISIONS FOR LIABILITIES

(225,013

)

(108,741

)

NET ASSETS

12,280,393

11,525,912

CAPITAL AND RESERVES

Called up share capital

11

101

101

Investment revaluation reserve

8,850,394

8,575,092

Retained earnings

3,429,898

2,950,719

SHAREHOLDERS' FUNDS

12,280,393

11,525,912

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 21 May 2025 and were signed on its behalf by:

D R Allison - Director

M R Allison - Director

K I Allison-Dean - Director

1.	STATUTORY INFORMATION

KMA Properties Limited 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.

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 modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about KMA Properties Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover represents net invoiced sales of caravans, excluding value added tax. Turnover is recognised at the exchanges of goods in the income statement.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost, excluding land element

Plant and machinery

-

25% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost, market and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Rents receivable

Land rent is recorded on a net rent receivable basis.

Fixed asset investments

Fixed asset investments representing investment in subsidiary, is valued on a net assets basis.

Other fixed asset investments are updated to reflect the commodity price at the balance sheet date, which the directors consider to be fair value.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

2,186,530

78,026

2,264,556

Additions

490,221

10,653

500,874

At 31 December 2024

2,676,751

88,679

2,765,430

DEPRECIATION

At 1 January 2024

98,922

35,223

134,145

Charge for year

39,535

13,364

52,899

At 31 December 2024

138,457

48,587

187,044

NET BOOK VALUE

At 31 December 2024

2,538,294

40,092

2,578,386

At 31 December 2023

2,087,608

42,803

2,130,411

Included in cost of land and buildings is freehold land of £ 700,000 (2023 - £ 700,000 ) which is not depreciated.

5.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

8,806,242

53,600

8,859,842

Additions

-

35,000

35,000

Revaluations

269,740

5,562

275,302

At 31 December 2024

9,075,982

94,162

9,170,144

NET BOOK VALUE

At 31 December 2024

9,075,982

94,162

9,170,144

At 31 December 2023

8,806,242

53,600

8,859,842

Cost or valuation at 31 December 2024 is represented by:

Shares in

group

Other

undertakings

investments

Totals

£

£

£

Valuation in 2015

1,019,824

-

1,019,824

Valuation in 2016

248,269

-

248,269

Valuation in 2017

193,001

-

193,001

Valuation in 2018

337,998

-

337,998

Valuation in 2019

659,190

-

659,190

Valuation in 2020

522,084

-

522,084

Valuation in 2021

68,150

-

68,150

Valuation in 2022

2,065,912

-

2,065,912

Valuation in 2023

3,460,664

-

3,460,664

Valuation in 2024

269,740

5,562

275,302

Cost

231,150

88,600

319,750

9,075,982

94,162

9,170,144

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

319,750

284,750

Fixed asset investments were valued on a fair value basis on 31 December 2024 by the directors .

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,772,368

Revaluations

467,800

At 31 December 2024

2,240,168

NET BOOK VALUE

At 31 December 2024

2,240,168

At 31 December 2023

1,772,368

Fair value at 31 December 2024 is represented by:

£

Valuation in 2017

24,812

Valuation in 2018

55,000

Valuation in 2021

347,924

Valuation in 2023

6,000

Valuation in 2024

467,800

Cost

1,338,632

2,240,168

If investment properties had not been revalued they would have been included at the following historical cost:

31.12.24

31.12.23

£

£

Cost

1,338,632

1,338,632

Investment properties were valued on a fair value basis on 31 December 2024 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

145,401

520,109

Other debtors

15,542

16,625

160,943

536,734

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

61,971

57,043

Trade creditors

344,898

238,433

Amounts owed to group undertakings

889,842

589,842

Taxation and social security

60,183

116,859

Other creditors

125,445

319,760

1,482,339

1,321,937

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

408,682

472,256

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years

197,295

269,133

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

470,653

529,299

The bank loan is secured debenture over the assets by way of a formal charge over certain properties within the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

50

Ordinary A

£1

50

50

50

Ordinary B

£1

50

50

1

Ordinary C

£1

1

1

101

101