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Company Registration No. 11163923 (England and Wales)
KTB Properties Limited Unaudited accounts for the year ended 31 March 2025
KTB Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KTB Properties Limited Company Information for the year ended 31 March 2025
Director
K Banatvala
Company Number
11163923 (England and Wales)
Registered Office
Flat 21 Angel Point 330-336 City Road London EC1V 2PZ England
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
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KTB Properties Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
562
661
Investment property
5
1,970,000
1,970,000
1,970,562
1,970,661
Current assets
Cash at bank and in hand
57,891
27,220
Creditors: amounts falling due within one year
6
(579,438)
(573,915)
Net current liabilities
(521,547)
(546,695)
Total assets less current liabilities
1,449,015
1,423,966
Creditors: amounts falling due after more than one year
7
(1,458,241)
(1,458,241)
Net liabilities
(9,226)
(34,275)
Capital and reserves
Called up share capital
100
100
Revaluation reserve
51,000
51,000
Profit and loss account
(60,326)
(85,375)
Shareholders' funds
(9,226)
(34,275)
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 director acknowledges his 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 and authorised for issue on 26 June 2025 and were signed on its behalf by
K Banatvala Director Company Registration No. 11163923
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KTB Properties Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
KTB Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11163923. The registered office is Flat 21 Angel Point, 330-336 City Road, London, EC1V 2PZ, England.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
4
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 April 2024
1,750
At 31 March 2025
1,750
Depreciation
At 1 April 2024
1,089
Charge for the year
99
At 31 March 2025
1,188
Net book value
At 31 March 2025
562
At 31 March 2024
661
5
Investment property
2025
£
Fair value at 1 April 2024
1,970,000
At 31 March 2025
1,970,000
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KTB Properties Limited Notes to the Accounts for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Loans from directors
579,438
573,915
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,458,241
1,458,241
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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