REGISTERED NUMBER: 03943153 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

K & G Properties Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs T Fotinopoulos

SECRETARY:

Mrs A Foteinopoulou

REGISTERED OFFICE:

1146 High Road

Whetstone

London

N20 0RA

REGISTERED NUMBER:

03943153 (England and Wales)

ACCOUNTANTS:

Cymans

Chartered Certified Accountants

1146 High Road

Whetstone

London

N20 0RA

FIXED ASSETS

Property, plant and equipment

4

1,933

106

Investment property

5

925,000

800,000

926,933

800,106

CURRENT ASSETS

Cash at bank

7,663

11,127

CREDITORS

Amounts falling due within one year

6

36,879

41,905

NET CURRENT LIABILITIES

(29,216

)

(30,778

)

TOTAL ASSETS LESS CURRENT LIABILITIES

897,717

769,328

PROVISIONS FOR LIABILITIES

82,847

51,597

NET ASSETS

814,870

717,731

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

7

814,770

717,631

SHAREHOLDERS' FUNDS

814,870

717,731

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 her 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 director and authorised for issue on 11 December 2025 and were signed by:

Mrs T Fotinopoulos - Director

1.	STATUTORY INFORMATION

K & G 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities, it is a departure from the general requirement of the Companies Act 2006 for the tangible assets to be depreciated. In the opinion of the director compliance with standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount of which otherwise have been charged cannot be separately identified or qualified.

The directors are of the opinion that the value stated in the accounts for land and buildings reflect the market value.

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.

Turnover

Turnover represents rent receivable on an accrual basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 April 2024

505

Additions

2,310

At 31 March 2025

2,815

DEPRECIATION

At 1 April 2024

399

Charge for year

483

At 31 March 2025

882

NET BOOK VALUE

At 31 March 2025

1,933

At 31 March 2024

106

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

800,000

Revaluations

125,000

At 31 March 2025

925,000

NET BOOK VALUE

At 31 March 2025

925,000

At 31 March 2024

800,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

271,563

Valuation in 2025

125,000

Cost

528,437

925,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Taxation and social security

366

7,748

Other creditors

36,513

34,157

36,879

41,905

7.

RESERVES

Retained

earnings

£

At 1 April 2024

717,631

Profit for the year

97,139

At 31 March 2025

814,770

Retained earnings comprises of the following:

Distributable reserves £501,054 (£446,068 in 2024)

Non distributable reserves £313,716 (£271,563 in 2024)