Kurban Property (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06799756 (England and Wales)

Kurban Property (UK) Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr I Kurban

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

06799756 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kurban Property (UK) Ltd for the year ended 31 March 2025 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kurban Property (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kurban Property (UK) Ltd and state those matters that we have agreed to state to the director of Kurban Property (UK) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kurban Property (UK) Ltd and its director for our work or for this report.

It is your duty to ensure that Kurban Property (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kurban Property (UK) Ltd. You consider that Kurban Property (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kurban Property (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

9 October 2025

FIXED ASSETS

Property, plant and equipment

4

5,995

7,053

Investment property

5

5,500,000

5,505,995

5,507,053

CURRENT ASSETS

Debtors

6

133,380

52,998

Cash at bank and in hand

75,567

173,376

208,947

226,374

CREDITORS

Amounts falling due within one year

7

949,378

925,989

NET CURRENT LIABILITIES

(740,431

)

(699,615

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,765,564

4,807,438

CREDITORS

Amounts falling due after more than one
year

8

(287,509

)

(524,901

)

PROVISIONS FOR LIABILITIES

10

(223,330

)

(223,594

)

NET ASSETS

4,254,725

4,058,943

CAPITAL AND RESERVES

Called up share capital

11

100

Fair value reserve

12

1,719,749

Retained earnings

12

2,534,876

2,339,094

SHAREHOLDERS' FUNDS

4,254,725

4,058,943

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2025 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 director and authorised for issue on 9 October 2025 and were signed by:

Mr I Kurban - Director

1.	STATUTORY INFORMATION

Kurban Property (UK) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

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

Turnover is generated from the ordinary activities of the company and is recognised when the rent becomes due on quarter end dates.

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

-

15% on reducing balance

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 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 3 (2024 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

43,328

DEPRECIATION

At 1 April 2024

36,275

Charge for year

1,058

At 31 March 2025

37,333

NET BOOK VALUE

At 31 March 2025

5,995

At 31 March 2024

7,053

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

5,500,000

NET BOOK VALUE

At 31 March 2025

5,500,000

At 31 March 2024

5,500,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

1,641,680

Valuation in 2019

300,000

Cost

3,558,320

5,500,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

3,558,320

The investment properties were valued on a fair value basis on 31 March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

115,796

39,753

Other debtors

17,584

13,245

133,380

52,998

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

220,948

203,000

Trade creditors

817

7,129

Taxation and social security

105,349

123,553

Other creditors

622,264

592,307

949,378

925,989

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2025

2024

£

Bank loans

287,509

524,901

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

508,457

727,901

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

Deferred tax

223,330

223,594

Deferred

tax

£

Balance at 1 April 2024

223,594

Credit to Income Statement during year

(264

)

Balance at 31 March 2025

223,330

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

100

Ordinary

£1

100

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2024

2,339,094

1,719,749

4,058,843

Profit for the year

196,782

Dividends

(1,000

)

(1,000

)

At 31 March 2025

2,534,876

1,719,749

4,254,625

13.	RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

At the balance sheet date company owe £515,410 (2024:£497,494) an interest-free loan payable on demand and is presented within creditors' note 9.

During the year company paid rent of £3,672 ( 2024:£3,672) to the directors' for the use of residence as office.