REGISTERED NUMBER: 14501539 (England and Wales)

Financial Statements

for the Period 1 December 2023 to 30 September 2024

for

Kettler Property (GB) Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S P Bevington

V Klockhaus

A S Sand

REGISTERED OFFICE:

Kettler House

Merse Road

North Moons Moat

Redditch

Worcestershire

B98 9HL

REGISTERED NUMBER:

14501539 (England and Wales)

AUDITORS:

Derek Young & Co Accountants LLP

Statutory Auditors

Chartered Accountants

Estate House

Evesham Street

Redditch

Worcestershire

B97 4HP

FIXED ASSETS

Investment property

4

4,800,000

-

CURRENT ASSETS

Debtors

-

100

CREDITORS

Amounts falling due within one year

298,097

-

NET CURRENT (LIABILITIES)/ASSETS

(298,097

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

4,501,903

100

CREDITORS

Amounts falling due after more than one year

5

(2,646,678

)

-

PROVISIONS FOR LIABILITIES

(130,990

)

-

NET ASSETS

1,724,235

100

CAPITAL AND RESERVES

Called up share capital

7

200

100

Share premium

1,499,900

-

Retained earnings

224,135

-

SHAREHOLDERS' FUNDS

1,724,235

100

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 September 2025 and were signed on its behalf by:

S P Bevington - Director

1.	STATUTORY INFORMATION

Kettler Property (GB) 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.

Turnover

Turnover represents amounts derived from the company's ordinary activity, being the rental of its investment property, after deduction of trade discounts, value added tax and any other tax based on the amounts so derived. Revenue is recognised based on the rental period.

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 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 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 NIL (2023 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

4,800,000

At 30 September 2024

4,800,000

NET BOOK VALUE

At 30 September 2024

4,800,000

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Other loans more 5yrs instal

1,229,814

-

6.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Parent company loan

2,941,275

-

The above loan is secured by a mortgage on the company's investment property and by all present and future rental income of the company.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

200

Ordinary

1

200

100

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Stephen Young FCA (Senior Statutory Auditor)

for and on behalf of Derek Young & Co Accountants LLP

9.	RELATED PARTY DISCLOSURES

The loan shown at Note 8 & Note 9 was provided by the immediate parent company and interest is being charged at 7.106% per annum, which is considered to be a commercial rate at present. This interest amounted to £245,729 in the period.

The company's investment property was purchased from Kettler (G.B.) Ltd, a UK company with the same parent company as Kettler Property (GB) Ltd.

All of Kettler Property (GB) Ltd's rental income is derived from Kettler (G.B.) Ltd.

10.	ULTIMATE CONTROLLING PARTY

The immediate parent company, Kettler International Beteiligungsgesellschaft mbH is registered in Germany. Copies of the parent's consolidated financial statements can be obtained from Neheimer Str. 10 59469 Ense, Germany.

The ultimate parent company is Kettler Verwaltungsund Beteiligungs GmbH & Co KG a company located in Germany.

The group was owned during the year by the charitable foundation Heinz Kettler Stiftung, also at the above address.

The directors do not consider there to be any single controlling party.