Registration number: 11359223

Kaiketsu Property Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Kaiketsu Property Limited

(Registration number: 11359223)
Balance Sheet as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	23,975	28,206
Investment property	5	484,594	140,000
		508,569	168,206
Current assets
Debtors	6	2,940	1,647
Cash at bank and in hand		3,826	8,628
		6,766	10,275
Creditors: Amounts falling due within one year	7	(156,670)	(62,671)
Net current liabilities		(149,904)	(52,396)
Total assets less current liabilities		358,665	115,810
Creditors: Amounts falling due after more than one year	7	(364,925)	(110,000)
Provisions for liabilities		(4,640)	(4,640)
Net (liabilities)/assets		(10,900)	1,170
Capital and reserves
Called up share capital		1	1
Other reserves		19,780	19,780
Retained earnings		(30,681)	(18,611)
Shareholders' (deficit)/funds		(10,900)	1,170

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Kaiketsu Property Limited

(Registration number: 11359223)
Balance Sheet as at 31 May 2025

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 18 November 2025
 

......................................... L F Chamberlain Director

Kaiketsu Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Talbot Farm
Leighton
Frome
Somerset
BA11 4PN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Kaiketsu Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Holiday Caravan	15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Kaiketsu Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2024 - 0).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 June 2024	39,995	39,995
At 31 May 2025	39,995	39,995
Depreciation
At 1 June 2024	11,789	11,789
Charge for the year	4,231	4,231
At 31 May 2025	16,020	16,020
Net book value
At 31 May 2025	23,975	23,975
At 31 May 2024	28,206	28,206

Kaiketsu Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5	Investment properties

	2025 £
At 1 June	140,000
Additions	344,594
At 31 May	484,594

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2025 £	2024 £
Other debtors	2,940	835
Prepayments	-	812
	2,940	1,647

7

Creditors

Amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	5,000	5,000
Taxation and social security		2	2
Accruals and deferred income		744	870
Other creditors		150,924	56,799
		156,670	62,671

Amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	364,925	110,000

Kaiketsu Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	364,925	110,000

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,000	5,000

Bank borrowings

Mortgage - 6 Leaze House is denominated in £ with a nominal interest rate of 3.65%, and the final instalment is due on 25 October 2043. The carrying amount at year end is £82,500 (2024 - £82,500). Charge held on Flat 6, Leaze House, 14 Vallis Road, Frome BA11 3EF.

Mortgage - 7 Alfred Street is denominated in £ with a nominal interest rate of 4.890%, and the final instalment is due on 31 July 2049. The carrying amount at year end is £114,212 (2024 - £Nil). Charge held on 7 Alfred Street, Westbury, Wiltshire BA13 3DY.

Mortgage - 27 Water Lane is denominated in £ with a nominal interest rate of 4.79%, and the final instalment is due on 14 June 2049. The carrying amount at year end is £145,713 (2024 - £Nil). Charge held on 27 Water Lane, Frome, Somerset BA11 4AD.

9	Related party transactions

Loans from related parties

2025	Entities with joint control or significant influence £	Total £
Advanced	38,000	38,000
At end of period	38,000	38,000

Terms of loans from related parties

Interest-free loan from company which is controlled by the Director.