| KPT Freeholds Limited |
| Registered number: |
06967442 |
| Balance Sheet |
| as at 31 July 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Investment property |
3 |
|
|
291,000 |
|
|
288,000 |
|
| Current assets |
| Debtors |
4 |
|
4,581 |
|
|
4,831 |
| Cash at bank and in hand |
|
|
3,642 |
|
|
600 |
|
|
|
8,223 |
|
|
5,431 |
|
| Creditors: amounts falling due within one year |
5 |
|
(408) |
|
|
- |
|
| Net current assets |
|
|
|
7,815 |
|
|
5,431 |
|
| Total assets less current liabilities |
|
|
|
298,815 |
|
|
293,431 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(126,756) |
|
|
(126,757) |
|
| Provisions for liabilities |
|
|
|
(34,250) |
|
|
(33,269) |
|
|
| Net assets |
|
|
|
137,809 |
|
|
133,405 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
3 |
|
|
3 |
| Fair value reserve |
8 |
|
|
131,750 |
|
|
129,500 |
| Profit and loss account |
|
|
|
6,056 |
|
|
3,902 |
|
| Shareholders' funds |
|
|
|
137,809 |
|
|
133,405 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Tony Frampton |
| Director |
| Approved by the board on 29 October 2025 |
|
| KPT Freeholds Limited |
| Notes to the Accounts |
| for the year ended 31 July 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income receivable from investment property and is recognised on a straight-line basis over the lease term |
|
|
Investment property |
|
Investment property is measured at fair value at each reporting date. Fair value is determined by the directors based on market evidence and professional valuations where appropriate.
Changes in the fair value of investment property are recognised directly in equity in the fair value reserve. Deferred tax arising on such revaluation gains is also recognised in equity and is calculated at the tax rate expected to apply when the property is sold.
Investment property is not depreciated. Rental income from investment property is recognised on a straight-line basis over the lease term. |
|
|
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. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
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. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Investment property |
|
|
|
|
2025 |
|
2024 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Brought forward |
|
|
|
|
288,000 |
|
293,000 |
|
Fair value adjustment |
|
|
|
|
3,000 |
|
(5,000) |
|
|
|
|
|
|
291,000 |
|
288,000 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by related party |
|
4,556 |
|
4,812 |
|
Other debtors |
25 |
|
19 |
|
|
|
|
|
|
4,581 |
|
4,831 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Taxation and social security costs |
343 |
|
- |
|
Other creditors |
65 |
|
- |
|
|
|
|
|
|
408 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
126,756 |
|
126,757 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
126,756 |
|
126,757 |
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
126,756 |
|
126,757 |
|
Bank loans are secured against investment property. |
|
|
| 8 |
Fair value reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 August 2024 |
129,500 |
|
133,250 |
|
Fair value adjustment of investment property |
3,000 |
|
(5,000) |
|
Deferred taxation arising on the fair value adjustment |
(750) |
|
1,250 |
|
At 31 July 2025 |
131,750 |
|
129,500 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Related party transactions |
|
|
At 31 July 2025, the company was owed £4,556 (2024: £4,812) by BRF Property Partnership, a partnership in which the directors are partners. The balance arose from loans and expenses settled through the respective bank accounts of the company and the partnership. The amount is unsecured, interest-free and repayable on demand. |
|
|
| 10 |
Other information |
|
|
KPT Freeholds Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
E2 Fareham Heights |
|
Standard Way |
|
Fareham |
|
Hampshire |
|
PO16 8XT |