Company No: 10485879 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	588,302		573,409
		588,302		573,409
Current assets
Debtors	4	5,219		2,213
Cash at bank and in hand		180,109		220,821
		185,328		223,034
Creditors: amounts falling due within one year	5	( 12,290)		( 5,487)
Net current assets		173,038		217,547
Total assets less current liabilities		761,340		790,956
Net assets		761,340		790,956
Capital and reserves
Called-up share capital	6	500		500
Profit and loss account		760,840		790,456
Total shareholders' funds		761,340		790,956

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of KHE Properties Limited (registered number: 10485879) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

B J Templeman Director

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

KHE Properties Limited (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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, 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 £.

Turnover

Turnover comprises the fair value of consideration received or receivable for the rent received.

The company recognises revenue when: the amount of revenue can be reliably measured; is it probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

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 on a basis over its expected useful life, as follows:

Land and buildings	40 years straight line
Leasehold improvements	10 years straight line
Fixtures and fittings	6.67 years straight line
Office equipment	25 % reducing balance

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 Statement of Income and Retained Earnings as described below.

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.

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

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Land and buildings		Leasehold improve- ments		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	580,000		0		58,064		795		638,859
Additions	0		16,384		0		0		16,384
At 31 December 2024	580,000		16,384		58,064		795		655,243
Accumulated depreciation
At 01 January 2024	6,917		0		58,064		469		65,450
Charge for the financial year	1,000		410		0		81		1,491
At 31 December 2024	7,917		410		58,064		550		66,941
Net book value
At 31 December 2024	572,083		15,974		0		245		588,302
At 31 December 2023	573,083		0		0		326		573,409

4. Debtors

	2024		2023
	£		£
Trade debtors	2,600		0
Other debtors	2,619		2,213
	5,219		2,213

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	1,141		1,141
Other taxation and social security	0		2,954
Other creditors	11,149		1,392
	12,290		5,487

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
5,000 Ordinary A shares of £ 0.10 each	500		500