KYMD PROPERTIES LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11713478

KYMD PROPERTIES LIMITED

Filleted Unaudited Financial Statements

31 March 2025

KYMD PROPERTIES LIMITED

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investments	4	510,200	454,200

Current assets

Cash at bank and in hand	92,417	91,123

Creditors: amounts falling due within one year	5	358,310	360,306
		---------	---------
Net current liabilities		265,893	269,183
		---------	---------
Total assets less current liabilities		244,307	185,017

Creditors: amounts falling due after more than one year	6	214,307	154,701
		---------	---------
Net assets		30,000	30,316
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	29,900	30,216
	--------	--------
Shareholders funds	30,000	30,316
	--------	--------

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 statement of income and retained earnings 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 .

KYMD PROPERTIES LIMITED

Statement of Financial Position (continued)

31 March 2025

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:

Yogendra Mansukhlal Shah
Director

Company registration number: 11713478

KYMD PROPERTIES 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 57 Westow Hill, London, SE19 1TW.

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.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

4. Investments

	Loans to participating interests	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2024	9,000	445,200	454,200
Additions	56,000	–	56,000
	--------	---------	---------
At 31 March 2025	65,000	445,200	510,200
	--------	---------	---------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	--------	---------	---------

Carrying amount
At 31 March 2025	65,000	445,200	510,200
	--------	---------	---------
At 31 March 2024	9,000	445,200	454,200
	--------	---------	---------

The leasehold land and building investment was valued on an open market value basis by directors on 31 March 2025. No timing differences arise and no provision has been made for deferred tax in respect of the revaluation as the company has no intention of disposing of the properties in the foreseeable future. The historical cost of assets included at valuation at the balance sheet date is as follows:-

5. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	12	13
Corporation tax	–	1,917
Other creditors	358,298	358,376
	---------	---------
	358,310	360,306
	---------	---------

6. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	214,307	154,701
	---------	---------

7. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	Balance brought forward and outstanding
	2025	2024
	£	£
Yogendra Mansukhlal Shah	( 356,296)	( 356,296)
	---------	---------

8. Related party transactions

The company was under the control of Yogendra Mansukhlal Shah throughout the current and previous year. Yogendra Mansukhlal Shah is the managing director and majority shareholder.