REGISTERED NUMBER: 11989648 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HKNT PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N P Taylor

Mrs K L Taylor

REGISTERED OFFICE:

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

REGISTERED NUMBER:

11989648 (England and Wales)

AUDITORS:

Saxon & Co Accountants Ltd

Statutory Auditors

Chartered Certified Accountants

Kings Chambers

Queens Cross

High Street

Dudley

West Midlands

DY1 1QT

FIXED ASSETS

Tangible assets

4

626,591

-

Investments

5

327,579

327,579

954,170

327,579

CURRENT ASSETS

Debtors

6

825,293

587,841

Cash at bank

520,515

114,707

1,345,808

702,548

CREDITORS

Amounts falling due within one year

7

1,944,773

1,079,059

NET CURRENT LIABILITIES

(598,965

)

(376,511

)

TOTAL ASSETS LESS CURRENT LIABILITIES

355,205

(48,932

)

CREDITORS

Amounts falling due after more than one year

8

403,200

-

NET LIABILITIES

(47,995

)

(48,932

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(47,996

)

(48,933

)

(47,995

)

(48,932

)

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 Statement of Income and Retained Earnings has not been delivered.

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:

N P Taylor - Director

1.	STATUTORY INFORMATION

HKNT 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.

Tangible fixed assets

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

Additions

626,591

At 31 March 2025

626,591

NET BOOK VALUE

At 31 March 2025

626,591

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2024

and 31 March 2025

327,579

NET BOOK VALUE

At 31 March 2025

327,579

At 31 March 2024

327,579

The above amounts represent 99% investments in SARL PSV Ops and SCI Parc STV Properties, which are companies registered and operating in France.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

760,897

587,841

Other debtors

64,396

-

825,293

587,841

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,800

-

Amounts owed to group undertakings

1,920,475

1,076,749

Taxation and social security

220

-

Other creditors

7,278

2,310

1,944,773

1,079,059

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

403,200

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

336,000

-

9.	SECURED DEBTS

Barclays Bank PLC has a fixed and floating charge over the undertaking and all property of the company.

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Matthew Saxon (Senior Statutory Auditor)

for and on behalf of Saxon & Co Accountants Ltd

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

At the balance sheet date loans due from related parties over which the entity has control was £760,897 (2024- £587,908). Amounts owed by the company to related group companies is £1,920,474 (2024: £1,076749). Loans are repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is HKNT Group Ltd.

The ultimate controlling party is N Taylor and K Taylor.

The company is a member of HKNT Group Ltd, which prepares group accounts. Copies of group financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

The registered office of HKNT Group Ltd is King Chambers, Queens Cross, High Street, Dudley, West Midlands, DY1 1QT. Its principal place of business is Aquinas House, 63 Warstone Lane, Birmingham B18 6NG