KMPS PROPERTY LTD

Company Registration Number:
14653867 (England and Wales)

Unaudited abridged accounts for the year ended 01 March 2025

Period of accounts

Start date: 29 February 2024

End date: 01 March 2025

KMPS PROPERTY LTD

Contents of the Financial Statements

for the Period Ended 01 March 2025

Balance sheet
Notes

KMPS PROPERTY LTD

Balance sheet

As at 01 March 2025


Notes
2025
13 months to 28 February 2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments: 3 550,000 35,432
Total fixed assets: 550,000 35,432
Current assets
Stocks: 0 0
Debtors:   0 0
Cash at bank and in hand: 1,278 52,142
Investments:   0 0
Total current assets: 1,278 52,142
Creditors: amounts falling due within one year: 4 (180,754) 0
Net current assets (liabilities): (179,476) 52,142
Total assets less current liabilities: 370,524 87,574
Creditors: amounts falling due after more than one year:   (256,000) (354,168)
Provision for liabilities: (10,108) 0
Total net assets (liabilities): 104,416 (266,594)
Capital and reserves
Called up share capital: 4 4
Share premium account: 0 0
Revaluation reserve:5336,3190
Other reserves: 0 0
Profit and loss account: (231,907) (266,598)
Shareholders funds: 104,416 (266,594)

The notes form part of these financial statements

KMPS PROPERTY LTD

Balance sheet statements

For the year ending 1 March 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 30 November 2025
and signed on behalf of the board by:

Name: M Small
Status: Director

The notes form part of these financial statements

KMPS PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 01 March 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

Other accounting policies

Investment Policy During the year, the property at St Osyth was completed and brought into use as a rental property.

KMPS PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 01 March 2025

2. Employees

2025 13 months to 28 February 2024
Average number of employees during the period 0 0

KMPS PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 01 March 2025

3. Fixed investments

I

KMPS PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 01 March 2025

4. Creditors: amounts falling due within one year note

The company holds an interest-only mortgage with West One, secured against the property. Loan outstanding at year-end: £354,168

KMPS PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 01 March 2025

5. Revaluation reserve

2025
£
Balance at 29 February 2024 0
Surplus or deficit after revaluation 336,319
Balance at 01 March 2025 336,319

KMPS PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 01 March 2025

6. Changes in presentation and prior period adjustments

Changes in presentation The company has revised certain presentation and classification policies in order to align the financial statements with the requirements of FRS 102 Section 1A and to ensure consistent application of the company’s accounting policies in subsequent reporting periods. These changes affect the presentation of: investment property development expenditure borrowing costs directors’ loan balances creditor classifications These changes relate only to the presentation and classification of amounts and do not affect the company’s cash position. Prior period adjustments During the preparation of the current year’s financial statements, the directors identified that the previously filed financial statements for the year ended 29 February 2024 did not fully reflect: the correct allocation of acquisition and development costs relating to the investment property; the appropriate capitalisation of directly attributable borrowing costs; the correct analysis of short-term and long-term borrowings; the correct opening reserves position for the subsequent period. These misclassifications resulted in the need to restate certain comparative figures. The revised financial statements for the year ended 29 February 2024 have therefore been prepared under section 454 of the Companies Act 2006 and replace the financial statements originally filed for that year. Impact of prior period adjustments The adjustments affect the carrying value of investment property, the allocation of creditors between short-term and long-term categories, and the opening reserves position. These amendments do not affect the company’s cash flows. Comparative figures have been restated where necessary to ensure consistency and comparability with the current year’s financial statements.

KMPS PROPERTY LTD

Notes to the Financial Statements

for the Period Ended 01 March 2025

7. Related party transactions

Name of the related party:
Relationship:
Director
Description of the Transaction: Directors advanced and repaid funds during the year. Net balance is included in retained earnings.
£
Balance at 29 February 2024 0
Balance at 01 March 2025 182,000