REGISTERED NUMBER: 08508057 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

K M S Property Solutions Ltd.

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

Directors:

M Lowry

K J Grubb

Mrs S J Grubb

Secretary:

M Lowry

Registered office:

145 Embankment Road

Plymouth

Devon

PL4 9JF

Registered number:

08508057 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

46

62

Investment property

5

520,000

549,000

520,046

549,062

Current assets

Debtors

6

4,234

1,326

Cash at bank

2,603

1,767

6,837

3,093

Creditors

Amounts falling due within one year

7

213,150

118,183

Net current liabilities

(206,313

)

(115,090

)

Total assets less current liabilities

313,733

433,972

Creditors

Amounts falling due after more than one year

8

(200,620

)

(285,947

)

Provisions for liabilities

10

(26,000

)

(33,300

)

Net assets

87,113

114,725

Capital and reserves

Called up share capital

11

100

100

Revaluation reserve

12

78,101

99,801

Retained earnings

8,912

14,824

Shareholders' funds

87,113

114,725

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

K J Grubb - Director

1.	STATUTORY INFORMATION

K M S Property Solutions Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture

-

25% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

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.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Turnover

Turnover represents revenue earned from rents receivable for the year.

Rents receivable represents amounts received in the year adjusted for any amounts in advance/arrears at the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Furniture

£

Cost

At 1 April 2024

and 31 March 2025

618

Depreciation

At 1 April 2024

556

Charge for year

16

At 31 March 2025

572

Net book value

At 31 March 2025

46

At 31 March 2024

62

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

549,000

Revaluations

(29,000

)

At 31 March 2025

520,000

Net book value

At 31 March 2025

520,000

At 31 March 2024

549,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2018

21,101

Valuation in 2019

(7,000

)

Valuation in 2021

64,000

Valuation in 2022

20,000

Valuation in 2023

8,000

Valuation in 2024

27,000

Valuation in 2025

(29,000

)

Cost

415,899

520,000

The investment properties were revalued on the basis of open market value by the directors at the balance sheet date.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

4,234

1,326

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

2,500

Taxation and social security

104

-

Other creditors

213,046

115,683

213,150

118,183

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

200,620

285,947

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

200,620

200,648

Repayable by instalments

Bank loans

-

70,299

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

200,620

288,447

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

26,000

33,300

Deferred

tax

£

Balance at 1 April 2024

33,300

Provided during year

(7,300

)

Balance at 31 March 2025

26,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

12.

RESERVES

Revaluation

reserve

£

At 1 April 2024

99,801

Transfer to revaluation

reserve

(21,700

)

At 31 March 2025

78,101

13.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following amounts to the directors, all of whom are also shareholders:

NAME

£

K J Grubb

75,683

Mrs S J Grubb

82,560

M J Lowry

52,020

14.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its directors.