Company Registration No. 13042675 (England and Wales)
KCSM PROPERTY LIMITED
Unaudited accounts
for the year ended 31 March 2025
KCSM PROPERTY LIMITED
Unaudited accounts
Contents
KCSM PROPERTY LIMITED
Company Information
for the year ended 31 March 2025
Directors
David Feeley
Fiona Feeley
Company Number
13042675 (England and Wales)
Registered Office
111 SALMON STREET KINGSBURY
LONDON
NW9 8NG
UNITED KINGDOM
Accountants
Schiavi Pole Brett Ltd
15A Walm Lane
London
NW2 5SJ
KCSM PROPERTY LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
14,025
20,758
Investment property
3,522,647
3,522,647
Cash at bank and in hand
278,065
251,476
Creditors: amounts falling due within one year
(20,243)
(29,744)
Net current assets
335,293
300,051
Total assets less current liabilities
3,871,965
3,843,456
Creditors: amounts falling due after more than one year
(2,611,012)
(2,611,012)
Net assets
1,260,953
1,232,444
Called up share capital
1,232,000
1,232,000
Profit and loss account
28,953
444
Shareholders' funds
1,260,953
1,232,444
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by
David Feeley
Director
Company Registration No. 13042675
KCSM PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
KCSM PROPERTY LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13042675. The registered office is 111 SALMON STREET KINGSBURY, LONDON, NW9 8NG, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Other operating income represents the rental income from investment properties.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on Cost
KCSM PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fair value at 1 April 2024
3,522,647
At 31 March 2025
3,522,647
Investment properties were valued on an open market basis by the directors who believe there was no movement in value from 31 March 2024 to 31 March 2025.
Amounts falling due within one year
Accrued income and prepayments
4,572
9,145
Other debtors
72,899
69,174
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
14,773
18,033
Taxes and social security
3,244
10,919
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,611,012
2,611,012
KCSM PROPERTY LIMITED
Notes to the Accounts
for the year ended 31 March 2025
Allotted, called up and fully paid:
1,232,000 Ordinary shares of £1 each
1,232,000
1,232,000
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to participants
16,176
-
-
16,176
Loan to participants
16,176
25,000
-
41,176
11
Average number of employees
During the year the average number of employees was 2 (2024: 2).