REGISTERED NUMBER: 03983094 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KIRMELL PROPERTIES LIMITED

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

2,070,000

2,420,000

CURRENT ASSETS

Debtors

5

38,736

8,897

Cash at bank

11,852

18,411

50,588

27,308

CREDITORS

Amounts falling due within one year

6

133,344

436,353

NET CURRENT LIABILITIES

(82,756

)

(409,045

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,987,244

2,010,955

CAPITAL AND RESERVES

Called up share capital

384,002

384,002

Other reserves

265,346

341,097

Retained earnings

1,337,896

1,285,856

1,987,244

2,010,955

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 December 2025 and were signed on its behalf by:

A Riaz - Director

1.	STATUTORY INFORMATION

Kirmell Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03983094

Registered office:

Kirmell Works

Eyre Street

Birmingham

West Midlands

B18 7AA

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Rental income receivable is recognised on a straight line basis over the term of the lease.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

2,420,000

Disposals

(250,000

)

Revaluations

(100,000

)

At 31 March 2025

2,070,000

Net book value

At 31 March 2025

2,070,000

At 31 March 2024

2,420,000

The 2025 valuations were made by the Directors, on an open market value for existing use basis.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,040

-

Other debtors

37,696

8,897

38,736

8,897

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

167

257

Amounts owed to group undertakings

34,211

333,783

Taxation and social security

24,360

30,097

Other creditors

74,606

72,216

133,344

436,353

7.	CONTROLLING PARTY

At the year end the Company was a wholly owned subsidiary of Kirmell Property Holdings Limited. The address of the parent company is Kirmell Works, Eyre Street, Birmingham, B18 7AA.

The ultimate controlling party is the directors who, with their family interest, own 100% of the share capital of the Company's parent company.