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Company Registration No. 01849333 (England and Wales)
Kallis Properties Ltd Unaudited accounts for the year ended 31 March 2025
Kallis Properties Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Kallis Properties Ltd Company Information for the year ended 31 March 2025
Directors
Mr Kikis Kallis Mrs Sophia Kallis Mrs Tania Kallis
Secretary
Mrs Eleni Kallis
Company Number
01849333 (England and Wales)
Registered Office
Mountview Court 1148, High Road Whetstone London N20 0RA
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Kallis Properties Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
89,146
4,185
Investment property
5
27,735,765
24,493,309
27,824,911
24,497,494
Current assets
Debtors
6
175,749
185,986
Creditors: amounts falling due within one year
7
(1,264,843)
(974,031)
Net current liabilities
(1,089,094)
(788,045)
Total assets less current liabilities
26,735,817
23,709,449
Creditors: amounts falling due after more than one year
8
(6,123,545)
(5,736,685)
Provisions for liabilities
Deferred tax
(236,677)
(175,823)
Net assets
20,375,595
17,796,941
Capital and reserves
Called up share capital
9
1,685
1,685
Share premium
10,431,500
10,431,500
Revaluation reserve
(5,740,706)
(7,506,824)
Fair value reserve
(102,863)
(102,863)
Profit and loss account
15,785,979
14,973,443
Shareholders' funds
20,375,595
17,796,941
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. 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 November 2025 and were signed on its behalf by
Mr Kikis Kallis Director Company Registration No. 01849333
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Kallis Properties Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Kallis Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 01849333. The registered office is Mountview Court, 1148, High Road, Whetstone, London, N20 0RA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of rental received from Tenants .
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
15% Reducing balance
Fixtures & fittings
20 % Reducing balance
Computer equipment
20 % Reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Kallis Properties Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
-
12,144
951
13,095
Additions
100,000
-
997
100,997
At 31 March 2025
100,000
12,144
1,948
114,092
Depreciation
At 1 April 2024
-
8,087
823
8,910
Charge for the year
15,000
811
225
16,036
At 31 March 2025
15,000
8,898
1,048
24,946
Net book value
At 31 March 2025
85,000
3,246
900
89,146
At 31 March 2024
-
4,057
128
4,185
5
Investment property
2025
£
Fair value at 1 April 2024
24,493,309
Additions
1,476,338
Net gain from fair value adjustments
1,766,118
At 31 March 2025
27,735,765
The Properties were valued at 31st March 2025 by the director on the basis of open market value for current use. Freehold Property additions include purchase of 50/50A ,The Promonade, Cheltenham for the total cost price of £1,044,523 Post-Year-End Sale of Freehold Property – Chiswick High Road Subsequent to the year-end, the freehold interest in the property located at 320–324 Chiswick High Road was sold.
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
29,744
Accrued income and prepayments
13,954
8,569
Other debtors
161,795
147,673
175,749
185,986
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Kallis Properties Ltd Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
613,343
353,300
VAT
76,648
33,539
Trade creditors
5,717
28,582
Taxes and social security
317,446
269,153
Other creditors
88,841
89,285
Accruals
750
750
Deferred income
162,098
199,422
1,264,843
974,031
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
5,851,250
5,236,250
Obligations under finance leases and hire purchase contracts
74,756
-
Other creditors
197,539
500,435
6,123,545
5,736,685
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
1,685 Ordinary shares of £1 each
1,685
1,685
10
Transactions with related parties
Rent receivable includes an amount of £ 96,000 ( 2024 £96,000 ) paid by Kallis and Co (UK) Limited , a company controlled by the director, for occupying the property at Mountview Court , 1148 High road, Whetstone , London , N20 0RA Included in other creditors falling due after more than one year is £197,539 ( 2024 £ 500,435 ) owed to directors.
11
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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