REGISTERED NUMBER: 14544576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KDLC HOMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

K L Kakalov

L Kakalova

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

14544576 (England and Wales)

ACCOUNTANTS:

EA

Chartered Accountants

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

88,440

110,198

Investment property

5

23,425,000

23,425,000

23,513,440

23,535,198

CURRENT ASSETS

Debtors

6

17,086

16,658

Cash at bank

19,709

9,950

36,795

26,608

CREDITORS

Amounts falling due within one year

7

873,304

953,907

NET CURRENT LIABILITIES

(836,509

)

(927,299

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,676,931

22,607,899

CREDITORS

Amounts falling due after more than one year

8

10,165,666

10,020,328

NET ASSETS

12,511,265

12,587,571

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

12,583,962

12,583,962

Retained earnings

(73,697

)

2,609

12,511,265

12,587,571

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 9 September 2025 and were signed on its behalf by:

K L Kakalov - Director

1.	STATUTORY INFORMATION

KDLC Homes 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.

The financial statements have been prepared on a going concern basis as the directors are satisfied that the

company will have adequate resources to meet its liabilities to third parties as they fall due.

Turnover

Turnover represents net rent receivable.

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 reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the loss for the financial year would have been increased by the amount of depreciation.

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 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 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

4,035

114,222

-

118,257

Additions

-

-

999

999

At 31 December 2024

4,035

114,222

999

119,256

DEPRECIATION

At 1 January 2024

444

7,615

-

8,059

Charge for year

1,185

21,322

250

22,757

At 31 December 2024

1,629

28,937

250

30,816

NET BOOK VALUE

At 31 December 2024

2,406

85,285

749

88,440

At 31 December 2023

3,591

106,607

-

110,198

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

23,425,000

NET BOOK VALUE

At 31 December 2024

23,425,000

At 31 December 2023

23,425,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

358

Amounts owed by associates

1,669

-

Other debtors

15,417

16,300

17,086

16,658

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

13,094

13,074

Trade creditors

4,416

5,775

Amounts owed to associates

143

16,164

Taxation and social security

2,621

3,539

Other creditors

853,030

915,355

873,304

953,907

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

10,100,700

9,938,000

Hire purchase contracts

64,966

82,328

10,165,666

10,020,328

2024

2023

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans due in more than

five years

10,100,700

9,938,000

10,100,700

9,938,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

10,100,700

9,938,000

The loan is secured by way of floating legal charge on the investment properties held by the company.

10.	RELATED PARTY DISCLOSURES

Included within creditors, amounts falling due within one year, is an interest free amount of £842,006 (2023: £768,416) due to the directors of the company.