Kingfisher Property Investments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 02096307 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KINGFISHER PROPERTY INVESTMENTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr I L Beeks

Mrs S J Grey

SECRETARY:

Mrs J A Beeks

REGISTERED OFFICE:

Archway House

Bellfield Road

High Wycombe

Buckinghamshire

HP13 5HJ

REGISTERED NUMBER:

02096307 (England and Wales)

ACCOUNTANTS:

Mackenzie Dodd Consulting Limited

Accountants and Business Advisers

St Mary's Court, The Broadway

Old Amersham

Buckinghamshire

FIXED ASSETS

Tangible assets

5

1,075

1,213

Investment property

6

248,027

249,102

249,240

CURRENT ASSETS

Debtors

7

75,613

605

Cash at bank

10,164

81,742

85,777

82,347

CREDITORS

Amounts falling due within one year

8

(5,419

)

(4,444

)

NET CURRENT ASSETS

80,358

77,903

TOTAL ASSETS LESS CURRENT
LIABILITIES

329,460

327,143

CAPITAL AND RESERVES

Called up share capital

15,000

Capital redemption reserve

9

5,000

Retained earnings

9

309,460

307,143

SHAREHOLDERS' FUNDS

329,460

327,143

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 11 September 2025 and were signed on its behalf by:

Mrs S J Grey - Director

1.	STATUTORY INFORMATION

Kingfisher Property Investments 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.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible fixed assets

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

Fixtures and fittings

-

33% on cost and 10% on cost

Computer equipment

-

33% on cost

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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.

The valuation of the investment properties is considered every year by the directors and a formal valuation carried out when requested.

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.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 January 2024

120

2,065

2,185

Additions

545

-

545

At 31 December 2024

665

2,065

2,730

DEPRECIATION

At 1 January 2024

120

852

972

Charge for year

61

622

683

At 31 December 2024

181

1,474

1,655

NET BOOK VALUE

At 31 December 2024

484

591

1,075

At 31 December 2023

-

1,213

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

248,027

NET BOOK VALUE

At 31 December 2024

248,027

At 31 December 2023

248,027

Investment properties comprise the following long leasehold properties:-

8 Widgeon House, Millstream, High Wycombe was purchased in 2017 for a total cost of £248,027. This is considered by the directors to be the fair market value on 31 December 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Other debtors

75,613

605

During the financial year debtors included a loan advanced to I L Beeks (High Wycombe) Limited a company with related party directors. The loan was advanced on 20 December 2024 and repaid in full on 29 January 2025. No interest was charged on the loan due to the short duration of the loan.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

1,017

967

Taxation and social security

819

1,029

Other creditors

3,583

2,448

5,419

4,444

9.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

At 1 January 2024

307,143

5,000

312,143

Profit for the year

3,317

Dividends

(1,000

)

(1,000

)

At 31 December 2024

309,460

5,000

314,460

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

Mrs S J Grey

Balance outstanding at start of year

(269

)

(248

)

Amounts advanced

1,000

2,000

Amounts repaid

(1,018

)

(2,021

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(287

)

(269

)