KRDP Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 13936508

KRDP Property Limited

Unaudited financial statements

31 March 2025

KRDP Property Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		822,024		822,024

Current assets

Debtors	6	7,700	10,100
Cash at bank and in hand		34,712	8,230
		-------	-------
		42,412	18,330

Creditors: Amounts falling due within one year	7	( 149,957)		( 85,653)
		---------		-------
Net current liabilities			( 107,545)		( 67,323)
			---------		---------
Total assets less current liabilities			714,479		754,701

Creditors: Amounts falling due after more than one year	8	( 759,829)	( 777,549)
		---------	---------
Net liabilities		( 45,350)	( 22,848)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 45,450)	( 22,948)
	-------	-------
Shareholders deficit	( 45,350)	( 22,848)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

Dr R Shah
Director

Company registration number: 13936508

KRDP Property Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Sixty Six North Quay, Great Yarmouth, NR30 1HE, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost of effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurebale on an on-going basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

4. Employee numbers

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

5. Tangible assets

	Investment property
	£
Cost
At 1 April 2024 and 31 March 2025	822,024
	---------
Depreciation
At 1 April 2024 and 31 March 2025	–
	---------
Carrying amount
At 31 March 2025	822,024
	---------
At 31 March 2024	822,024
	---------

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 31 March 2025
Aggregate cost	822,024
Aggregate depreciation	–
	---------
Carrying value	822,024
	---------

At 31 March 2024
Aggregate cost	822,024
Aggregate depreciation	–
	---------
Carrying value	822,024
	---------

6. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	100	100
Other debtors	7,600	10,000
	------	-------
	7,700	10,100
	------	-------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loan	19,731	21,338
Amounts owed to group undertakings and undertakings in which the company has a participating interest	128,666	62,875
Other creditors	1,560	1,440
	---------	-------
	149,957	85,653
	---------	-------

The bank loan is secured on the assets concerned.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loan	759,829	777,549
	---------	---------

Included within creditors: amounts falling due after more than one year is an amount of £Nil (2024: £388,775) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is secured on the assets concerned.