Kimmance Properties Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K E Dunn

D G Thompson

SECRETARY:

D G Thompson

REGISTERED OFFICE:

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

REGISTERED NUMBER:

02972322 (England and Wales)

ACCOUNTANTS:

MATTHEWS SUTTON & CO LTD

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

L18 1DG

FIXED ASSETS

Tangible assets

4

2,144

2,679

Investments

5

100

Investment property

6

890,000

892,244

892,779

CURRENT ASSETS

Cash at bank

5

44

CREDITORS

Amounts falling due within one year

7

133,704

96,903

NET CURRENT LIABILITIES

(133,699

)

(96,859

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

758,545

795,920

CREDITORS

Amounts falling due after more than one
year

8

(261,656

)

(310,908

)

PROVISIONS FOR LIABILITIES

(90,142

)

(90,242

)

NET ASSETS

406,747

394,770

CAPITAL AND RESERVES

Called up share capital

10,000

Fair value reserve

9

268,938

Retained earnings

127,809

115,832

SHAREHOLDERS' FUNDS

406,747

394,770

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

K E Dunn - Director

1.	STATUTORY INFORMATION

Kimmance 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net rents receivable, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

20% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

19,556

DEPRECIATION

At 1 April 2024

16,877

Charge for year

535

At 31 March 2025

17,412

NET BOOK VALUE

At 31 March 2025

2,144

At 31 March 2024

2,679

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

100

NET BOOK VALUE

At 31 March 2025

100

At 31 March 2024

100

6.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2024

and 31 March 2025

890,000

NET BOOK VALUE

At 31 March 2025

890,000

At 31 March 2024

890,000

Investment properties were valued using market data by the director on 31/03/2025.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

34,125

16,653

Trade creditors

1,486

1,295

Amounts owed to group undertakings

60,000

Taxation and social security

10,127

7,110

Other creditors

27,966

11,845

133,704

96,903

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

261,656

310,908

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

-

216,505

Repayable by instalments

Bank loans more 5 yr by instal

188,908

60,111

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

268,938