KRUGER PROPERTY COMPANY LIMITED


Directors	BARTLETT, James Anthony
	BARTLETT, Malcolm Stanley
	BARTLETT, Michael
	SILIGARDI, Lisa


Company Secretary	BARTLETT, James Anthony


Registered Address	I-Fulfilment Headquarters D2 Radar Way
	Christchurch Business Park
	Christchurch
	BH23 4FL


Registered Number	08912487 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		13,138,562		12,493,722
			13,138,562		12,493,722
Current assets
Stocks		1,561		500
Debtors		200,525		331,175
Cash at bank and on hand		84,069		244,096
		286,155		575,771
Creditors amounts falling due within one year		(10,760,642)		(10,740,463)
Net current assets (liabilities)			(10,474,487)		(10,164,692)
Total assets less current liabilities			2,664,075		2,329,030
Net assets			2,664,075		2,329,030
Capital and reserves
Called up share capital			100		100
Profit and loss account			2,663,975		2,328,930
Shareholders' funds			2,664,075		2,329,030

The company was entitled to exemption from audit for this reporting period 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.
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 and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 15 December 2025, and are signed on its behalf by:

BARTLETT, Malcolm Stanley
Director
Registered Company No. 08912487

KRUGER PROPERTY COMPANY LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Fixtures and fittings	10
	Office Equipment	7

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Prior period adjustment
	During the current financial year, the Company identified that interest relating to a director’s loan for the year ended 31 March 2015 through until 31 March 2024 had not been recognised in the financial statements of that period. The omission resulted in an understatement of interest expense and a corresponding understatement of the director’s loan balance. In accordance with FRS 102, the comparative figures have been restated to reflect the correction of this error. The adjustment resulted in an increase of £146,309 to interest expense, reduction of £947,193 to retained earnings and an increase of £1,093,502 to the director’s loan liability as at 31 March 2024. This correction has no impact on the current-year profit other than the restatement of opening reserves.

Prior period adjustment

During the current financial year, the Company identified that interest relating to a director’s loan for the year ended 31 March 2015 through until 31 March 2024 had not been recognised in the financial statements of that period. The omission resulted in an understatement of interest expense and a corresponding understatement of the director’s loan balance.

In accordance with FRS 102, the comparative figures have been restated to reflect the correction of this error. The adjustment resulted in an increase of £146,309 to interest expense, reduction of £947,193 to retained earnings and an increase of £1,093,502 to the director’s loan liability as at 31 March 2024.

This correction has no impact on the current-year profit other than the restatement of opening reserves.

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	12,587,913
	Additions	702,050
	At 31 March 25	13,289,963
	Depreciation and impairment
	At 01 April 24	94,191
	Charge for year	57,210
	At 31 March 25	151,400
	Net book value
	At 31 March 25	13,138,562
	At 31 March 24	12,493,722

5.	Related party transactions
	At the year end, the following balances were outstanding by related parties: - Directors: £6,186,598 (2024: £6,475,376) owed by the company (interest-bearing, unsecured, repayable on demand) - Shareholders: £2,961,716 (2024: £2,962,881) owed by the company (interest-bearing, unsecured, repayable on demand) - Entities under common control: £1,236,413 (2024: £813,351) owed by the company