REGISTERED NUMBER: 03818517 (England and Wales)

Financial Statements

for the Year Ended 31 December 2024

for

Kimber Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

G J Supple

SECRETARY:

Mrs A J Supple

REGISTERED OFFICE:

20 Victoria Way

Pride Park

Derby

DE24 8AN

REGISTERED NUMBER:

03818517 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Investment property

4

875,000

1,195,000

CURRENT ASSETS

Debtors

5

338,436

200,419

Cash at bank

6,201

4,179

344,637

204,598

CREDITORS

Amounts falling due within one year

6

38,018

20,887

NET CURRENT ASSETS

306,619

183,711

TOTAL ASSETS LESS CURRENT LIABILITIES

1,181,619

1,378,711

CREDITORS

Amounts falling due after more than one year

7

(506,882

)

(544,912

)

PROVISIONS FOR LIABILITIES

9

(88,000

)

(134,000

)

NET ASSETS

586,737

699,799

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

10

443,964

636,291

Retained earnings

10

142,771

63,506

SHAREHOLDERS' FUNDS

586,737

699,799

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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

G J Supple - Director

1.	STATUTORY INFORMATION

Kimber 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.

Turnover

Turnover represents the amounts (excluding value added tax) derived from the provision of rental properties to customers during the year. Rental income for the use of premises are accounted for in the year in which the services are provided.

Investment property

Investment property is not depreciated but is revalued annually at its fair value in accordance with the Financial Reporting Standard 102 (Section 1A). Any aggregate surplus or deficit arising from changes in fair value are recognised in the profit and loss account and transferred to a fair value reserve.

Deferred tax

A provision is made at current rates for taxation deferred in respect of all timing differences, including provisions made for potential tax arising on assets which have been revalued.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

1,195,000

Disposals

(320,000

)

At 31 December 2024

875,000

NET BOOK VALUE

At 31 December 2024

875,000

At 31 December 2023

1,195,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

875,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

343,035

424,709

Aggregate depreciation

(143,965

)

(176,244

)

Investment property was valued on a fair value basis on 31 December 2024 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by related undertakings

338,436

200,419

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other loans

2,577

2,530

Trade creditors

1,433

1,644

Tax

23,409

514

Social security and other taxes

445

2,170

Other creditors

1,700

1,700

Amounts owed to group undertakings

100

100

Director's loan account

6,654

10,654

Accrued expenses

1,700

1,575

38,018

20,887

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans- secured

505,500

541,000

Other loans

1,382

3,912

506,882

544,912

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans- secured

505,500

541,000

Loans are secured on investment property.

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

88,000

134,000

Deferred

tax

£

Balance at 1 January 2024

134,000

Credit to Profit and Loss Account during year

(46,000

)

Balance at 31 December 2024

88,000

The deferred tax provision relates to potential tax arising on investment property which has been revalued.

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 January 2024

63,506

636,291

699,797

Deficit for the year

(36,826

)

(36,826

)

Dividends

(76,236

)

(76,236

)

Realised on disposal

238,327

(238,327

)

-

Transfer deferred tax

(46,000

)

46,000

-

At 31 December 2024

142,771

443,964

586,735

11.	ULTIMATE CONTROLLING PARTY

The company's immediate and ultimate parent company is Choicestream (Holdings) Limited a company incorporated in England and Wales, which shares the registered office as detailed on page 1. Copies of the company's financial statements are available from Companies House.