| KD Property Partners Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover represents revenue earned from letting and is recognised upon receipt. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Interest only loans are recognised at transaction price net of any transaction costs. |
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|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Investment property |
|
Office equipment |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 31 March 2025 |
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
- |
|
- |
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
- |
|
124,474 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
- |
|
124,474 |
|
|
|
|
|
|
|
|
|
|
The properties were revalued, at fair value, on 31/03/2018. Fair value was ascertained by review of current prices on an active market for similar property in the same location and condition.
There has been no significant change in open market values during the current accounting year. |
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
- |
|
210,807 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
- |
|
65 |
|
Corporation tax |
(4,584) |
|
23,162 |
|
Other creditors |
227 |
|
828 |
|
|
|
|
|
|
(4,357) |
|
24,055 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
|
Robert Gary Dyson |
- |
|
44,865 |
|
(14,353) |
|
30,512 |
|
|
Susan Kennaugh-Dyson |
44,865 |
|
(14,354) |
|
30,511 |
|
|
|
- |
|
89,730 |
|
(28,707) |
|
61,023 |
|
|
|
|
|
|
|
|
|
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|
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| 7 |
Related party transactions |
|
|
Robert Dyson and Susan Kennaugh-Dyson |
|
Directors' loan |
|
Included in other debtors is a loan to the directors of £61023 |
|
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|
|
| 8 |
Other information |
|
|
KD Property Partners Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
5a Church Road South |
|
Woolton Village |
|
Liverpool |
|
L25 7RJ |