REGISTERED NUMBER: 11239789 (England and Wales)

Kobie Properties Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J C Capstick

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

11239789 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Santander UK

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Investment property

5

509,471

501,876

CURRENT ASSETS

Debtors

1,295

8,504

Cash at bank

4,304

3,028

5,599

11,532

CREDITORS

Amounts falling due within one year

331,973

327,683

NET CURRENT LIABILITIES

(326,374

)

(316,151

)

TOTAL ASSETS LESS CURRENT LIABILITIES

183,097

185,725

CREDITORS

Amounts falling due after more than one year

6

(102,327

)

(106,927

)

PROVISIONS FOR LIABILITIES

(10,773

)

(10,773

)

NET ASSETS

69,997

68,025

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

45,927

45,927

Retained earnings

23,970

21,998

SHAREHOLDERS' FUNDS

69,997

68,025

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 December 2025 and were signed by:

J C Capstick - Director

1.	STATUTORY INFORMATION

Kobie Properties Limited 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.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

501,876

Additions

7,595

At 31 March 2025

509,471

NET BOOK VALUE

At 31 March 2025

509,471

At 31 March 2024

501,876

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

55,200

Cost

454,271

509,471

Investment properties were valued on an open market basis on 31 March 2023 by the director of the company .

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.25

31.3.24

£

£

Repayable by instalments

Bank loans

85,727

92,088

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

106,477

110,637

The mortgage is secured by way of a negative pledge over 5 New Road, Bridgwater, Somerset in favour of Nottingham Building Society.

8.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

45,927

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current period by its director, John Capstick, whom owns all of the company's share capital.