K.E.M. PROPERTY SERVICES LIMITED

Company Registration Number:
04647524 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

K.E.M. PROPERTY SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2025

Balance sheet
Notes

K.E.M. PROPERTY SERVICES LIMITED

Balance sheet

As at 31 January 2025


Notes
2025
2024


£
£
Fixed assets
Tangible assets: 3 7,853,404 7,857,732
Investments: 4 6,281 6,281
Total fixed assets: 7,859,685 7,864,013
Current assets
Debtors: 5 3,587,107 3,555,939
Cash at bank and in hand: 1,003,189 1,256,196
Total current assets: 4,590,296 4,812,135
Creditors: amounts falling due within one year: 6 (40,634) (99,056)
Net current assets (liabilities): 4,549,662 4,713,079
Total assets less current liabilities: 12,409,347 12,577,092
Creditors: amounts falling due after more than one year: 7 (2,189,478) (2,389,109)
Provision for liabilities: (577,656) (577,656)
Total net assets (liabilities): 9,642,213 9,610,327
Capital and reserves
Called up share capital: 135 135
Revaluation reserve:83,555,9083,555,908
Profit and loss account: 6,086,170 6,054,284
Shareholders funds: 9,642,213 9,610,327

The notes form part of these financial statements

K.E.M. PROPERTY SERVICES LIMITED

Balance sheet statements

For the year ending 31 January 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 November 2025
and signed on behalf of the board by:

Name: Mr A Parker
Status: Director

The notes form part of these financial statements

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Plant and machinery - 25% reducing balance; Fixtures and Fittings - 25% reducing balance

Valuation and information policy

Investment properties are shown at the most recent valuation available. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

2. Employees

2025 2024
Average number of employees during the period 5 6

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Tangible Assets

Total
Cost £
At 01 February 2024 7,923,180
At 31 January 2025 7,923,180
Depreciation
At 01 February 2024 65,448
Charge for year 4,328
At 31 January 2025 69,776
Net book value
At 31 January 2025 7,853,404
At 31 January 2024 7,857,732

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Fixed investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Debtors

2025 2024
££
Debtors due after more than one year: 3,587,107 3,555,939

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

6. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

7. Creditors: amounts falling due after more than one year note

Creditors due after one year represent secured bank loans. By way of security the Royal Bank of Scotland has a first charge over the properties at 26 Chatsworth Road, 40 Brunswick Place, 50 Brunswick Place, 27 Upper North Street, 16/17 St.Georges Place and 41 Eaton Place.

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

8. Revaluation reserve

2025
£
Balance at 01 February 2024 3,555,908
Surplus or deficit after revaluation 0
Balance at 31 January 2025 3,555,908

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

9. Loans to directors

Name of director receiving advance or credit: Mr A Parker
Description of the loan: There was a Director's Loan outstanding of £32,613 as at the year end. Interest has been charged on this loan at the rate of 2.25% per annum.
£
Balance at 01 February 2024 0
Advances or credits made: 32,613
Balance at 31 January 2025 32,613

K.E.M. PROPERTY SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2025

10. Related party transactions

A number of properties that are sub-let by the company are owned by the Director, Mr Parker. The company pays the mortgages on the properties, and no further rent is charged by the Director.