Micro-entity Accounts - KZ PROPERTY LTD

KZ PROPERTY LTD Registered Number 11815308

Micro-entity Balance Sheet as at 28 February 2025

	2025	2024
	£	£
Called up share capital not paid	-	-
Fixed Assets	79,969	90,717
Current Assets	20	17
Prepayments and accrued income	-	-
Creditors: amounts falling due within one year	0	0
Net current assets (liabilities)	20	17
Total assets less current liabilities	79,989	90,734
Creditors: amounts falling due after more than one year	(207,505)	(172,505)
Provisions for liabilities	0	0
Accruals and deferred income	0	0
Total net assets (liabilities)	(127,516)	(81,771)
Capital and reserves	(127,516)	(81,771)

For the year ending 28 February 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 10 October 2025

And signed on their behalf by:
Miss Zinaida Boghiu, Director

Footnotes:

Guarantees
a) The shareholders/directors have provided interest-free loans totalling £167,089 to fund the purchase and refurbishment of the company’s property (Miss Zinaida Boghiu’s loan £106,089 and Mr Kulvinder Johal’s loan £61,000). These loans are repayable only from future profits or sale proceeds.
b) The company also has an outstanding Bounce Back Loan balance of £14,416 at 28 February 2025, with repayments currently frozen.

Advances and credits
No advances, credits, or guarantees were made to directors during the year.

KZ PROPERTY LTD Registered Number 11815308

Notes to the Micro-entity Accounts for the period ended 28 February 2025

1Employees

	2025	2024
Average number of employees during the period	0	0

2Off balance sheet arrangements
1) The accounts have been refined to treat the 2024–25 refurbishment costs (£35,000) as revenue expenditure (expensed in the profit and loss account as maintenance/repairs, per UK rules for non-improvement work), increasing the operating loss.
2) Prior-year refurbishments (£61,089) are assumed to have been expensed in those years, impacting opening retained losses (no carry-forward to current P&L). Shareholders/Directors loans (Kulvinder Johal £61,000 total; Zinaida Boghiu £106,089 total) remain as long-term creditors, repayable upon asset sale or from future profits, providing flexibility without reclassification.
The company did not trade in 2024-25 - only refurbishment and maintenance occurred.£71,000 land and building is capitalized as a fixed asset.
The car (£5,333, purchased 2022) is fully depreciated; the van (£35,879, purchased 2022) has a net book value of £8,969.The BBL (£14,416 outstanding after £10,584 repaid 2021–2022) is frozen 2023.Van finance (£26,000) frozen 2024.Operating loss: £47,308 (£73,397 in 2023-2024), fully carried forward for tax relief.
Corporation tax payable: £0 (small profits rate applies).Total net assets: (£127,516) (after liabilities).