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Registration number: 15745887

KBL Property Services Limited
Annual Report and Unaudited Filleted Financial Statements
for the Period from 28 May 2024 to 31 May 2025

KBL Property Services Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

KBL Property Services Limited

Company Information

Director | D W Emery

Registered office | 14 Penrose Bristol BS14 0AQ

Accountants | Burton Sweet Limited Chartered Accountants & Business Advisors The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

KBL Property Services Limited

(Registration number: 15745887)
Balance Sheet
31 May 2025

| Note | 2025 £
Fixed assets |  |
Investment property | 4 | 327,720
Current assets |  |
Debtors | 5 | 493
Cash at bank and in hand |  | 2,056
|  | 2,549
Creditors: Amounts falling due within one year | 6 | (94,538)
Net current liabilities |  | (91,989)
Total assets less current liabilities |  | 235,731
Creditors: Amounts falling due after more than one year | 6 | (244,149)
Net liabilities |  | (8,418)
Capital and reserves |  |
Called up share capital |  | 1
Retained earnings |  | (8,419)
Shareholders' deficit |  | (8,418)

KBL Property Services Limited

(Registration number: 15745887)
Balance Sheet
31 May 2025

For the financial period ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 3 November 2025

......................................... D W Emery Director

KBL Property Services Limited

Notes to the Unaudited Financial Statements
Period from 28 May 2024 to 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
14 Penrose
Bristol
BS14 0AQ
England

These financial statements were authorised for issue by the director on 3 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

KBL Property Services Limited

Notes to the Unaudited Financial Statements
Period from 28 May 2024 to 31 May 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

KBL Property Services Limited

Notes to the Unaudited Financial Statements
Period from 28 May 2024 to 31 May 2025

3 | Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4 | Investment properties

| 2025 £
Additions | 327,720
At 31 May | 327,720

The director revalued the property at 31 May 2025 at £327,720.

5 | Debtors

| 2025 £
Prepayments | 493
| 493

KBL Property Services Limited

Notes to the Unaudited Financial Statements
Period from 28 May 2024 to 31 May 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £
Due within one year |  |
Loans and borrowings |  | 5,070
Accruals and deferred income |  | 840
Other creditors |  | 88,628
|  | 94,538

Creditors: amounts falling due after more than one year

| Note | 2025 £
Due after one year |  |
Loans and borrowings |  | 244,149

| 2025 £
Due after more than five years |
After more than five years by instalments | 208,404

| -

Creditors repayable over 5 years by instalments include bank loans of £152,154 and loans from the director of £56,250. The bank loan is repayable over 20 years at a fixed rate of 5.74% until November 2029 followed by a variable rate thereafter. The bank loan is secured over the property 74 Shortwood Road, Bristol.

7 | Related party transactions

Other transactions with the director

The director made a loan on 11 June 2024 to KBL Properties Limited of £75,000 on an interest free basis over 20 years. The loan will be repaid at £3,750 per annum.