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COMPANY REGISTRATION NUMBER: 12111132

KALM Properties Ltd

Filleted Unaudited Financial Statements

31 March 2025

KALM Properties Ltd

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 4 |  | 19,877 | 25,940

Current assets

Debtors | 5 | 29,810 |  | 36,494
Cash at bank and in hand | 891 |  | 2,891
| -------- |  | --------
| 30,701 |  | 39,385

Creditors: amounts falling due within one year | 6 | 178,195 |  | 176,999
| --------- |  | ---------
Net current liabilities |  | 147,494 | 137,614
|  | --------- | ---------
Total assets less current liabilities |  | ( 127,617) | ( 111,674)
|  | --------- | ---------
Net liabilities |  | ( 127,617) | ( 111,674)
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 2 | 2
Profit and loss account |  | ( 127,619) | ( 111,676)
|  | --------- | ---------
Shareholders deficit |  | ( 127,617) | ( 111,674)
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

KALM Properties Ltd

Statement of Financial Position (continued)

31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 23 October 2025 , and are signed on behalf of the board by:

Mrs M Kaur |
Director |

Company registration number: 12111132

KALM Properties Ltd

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with her responsibilities the director has considered the appropriateness of the going concern basis for the preparation of the financial statements. In forming her view, she has considered a period of at least 12 months from the date of approval of the financial statements. The company incurred a loss for the period ended 31 March 2025 and has a deficiency of assets as at that date. In order to continue in operational existence as a going concern and meet its liabilities as they fall due, the company depends on funding from its director and shareholders. This funding has been agreed and the director and shareholders have confirmed they will not seek repayment of the interest free loans until such time as cash flow permits. The director has prepared projected cash flow information for the forthcoming year and is satisfied that the company will be able to meet its obligations. In considering the longer term, the director forecasts that the company will become profitable in due course. Profitability is dependent upon a number of factors both within and out of the company's control but the director will always seek to increase income whilst reducing costs. Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis. Should the assumptions above prove to be invalid, the going concern basis may be invalid and accordingly adjustments may have to be made to reduce the value of the assets to their realisable amounts, to provide for any further liabilities which might arise and to reclassify all fixed assets and long term liabilities as current assets and liabilities respectively.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for repair costs and work done.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 25% reducing balance
| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance
| Computer equipment | - | 25 % reducing balance

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
4. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Computer equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2024 | 421 | 5,732 | 35,200 | 1,819 | 43,172
Additions | 144 | – | – | – | 144
| ---- | ------- | -------- | ------- | --------
At 31 March 2025 | 565 | 5,732 | 35,200 | 1,819 | 43,316
| ---- | ------- | -------- | ------- | --------
Depreciation |  |  |  |  |
At 1 April 2024 | 168 | 1,254 | 15,033 | 777 | 17,232
Charge for the year | 91 | 814 | 5,042 | 260 | 6,207
| ---- | ------- | -------- | ------- | --------
At 31 March 2025 | 259 | 2,068 | 20,075 | 1,037 | 23,439
| ---- | ------- | -------- | ------- | --------
Carrying amount |  |  |  |  |
At 31 March 2025 | 306 | 3,664 | 15,125 | 782 | 19,877
| ---- | ------- | -------- | ------- | --------
At 31 March 2024 | 253 | 4,478 | 20,167 | 1,042 | 25,940
| ---- | ------- | -------- | ------- | --------

5. Debtors

| 2025 | 2024
| £ | £
Other debtors | 29,810 | 36,494
| -------- | --------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | – | 2,303
Management charges | 754 | 1,054
Credit card liability | 119 | –
Other creditors | 177,322 | 173,642
| --------- | ---------
| 178,195 | 176,999
| --------- | ---------

7. Director's advances, credits and guarantees
At the year end, the total amount owed by the company to the director and shareholders was £164,203 (2024 - £161,613). These loans are interest free and repayable on demand.