REGISTERED NUMBER: 11569978 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2023 TO 28 SEPTEMBER 2024

FOR

KHC PROPERTY DEVELOPMENT LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

K H Clarke

REGISTERED OFFICE:

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

REGISTERED NUMBER:

11569978 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

FIXED ASSETS

Tangible assets

4

53,524

535

Investments

5

50

50

Investment property

6

1,437,735

1,412,798

1,491,309

1,413,383

CURRENT ASSETS

Debtors

7

100

100

Cash at bank

3,683

-

3,783

100

CREDITORS

Amounts falling due within one year

8

81,264

91,031

NET CURRENT LIABILITIES

(77,481

)

(90,931

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,413,828

1,322,452

CREDITORS

Amounts falling due after more than one year

9

(1,027,075

)

(993,107

)

PROVISIONS FOR LIABILITIES

(105,839

)

(105,839

)

NET ASSETS

280,914

223,506

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

280,814

223,406

280,914

223,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 September 2025 and were signed by:

K H Clarke - Director

1.	STATUTORY INFORMATION

KHC Property Development 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Investments in associates

Investments in associate undertakings are recognised at cost.

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.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

892

Additions

55,000

At 28 September 2024

55,892

DEPRECIATION

At 1 October 2023

357

Charge for period

2,011

At 28 September 2024

2,368

NET BOOK VALUE

At 28 September 2024

53,524

At 30 September 2023

535

5.	FIXED ASSET INVESTMENTS

The investment relates to a 50% shareholding in Swinley Road Property Limited.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

1,412,798

Additions

24,937

At 28 September 2024

1,437,735

NET BOOK VALUE

At 28 September 2024

1,437,735

At 30 September 2023

1,412,798

Fair value at 28 September 2024 is represented by:

£

Valuation in 2021

175,347

Valuation in 2022

502,955

Cost

759,433

1,437,735

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

100

100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,746

Hire purchase contracts

7,380

-

Trade creditors

2,712

6,879

Taxation and social security

705

3,331

Other creditors

60,467

70,075

81,264

91,031

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

983,107

993,107

Hire purchase contracts

43,968

-

1,027,075

993,107

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

975,607

975,607

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

993,107

1,003,107

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is K H Clarke.