Company registration number 08937240 (England and Wales)
Karen Ly Property Management Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 August 2025
PAGES FOR FILING WITH REGISTRAR
Karen Ly Property Management Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Karen Ly Property Management Ltd
Statement Of Financial Position
as at 31 August 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
2
360,261
360,261
Current assets
Debtors
130,495
1,560
Cash at bank and in hand
21,634
111,773
152,129
113,333
Creditors: amounts falling due within one year
(315,145)
(306,299)
Net current liabilities
(163,016)
(192,966)
Total assets less current liabilities
197,245
167,295
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
197,145
167,195
Total equity
197,245
167,295

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 11 April 2026
K Ly
Director
Company Registration No. 08937240
Karen Ly Property Management Ltd
Notes to the financial statements
for the year ended 31 August 2025
- 2 -
1
Accounting policies
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Revenue

Turnover represents rents receivable during the period and derives from the provision of services falling within the company's ordinary activities, Turnover is recognised on a cash basis.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Investment property
2025
£
Fair value
At 1 September 2024 and 31 August 2025
360,261

The director considers that the fair value of the property is not materially different to its cost.

3
Company information

Karen Ly Property Management Ltd is a private company limited by shares incorporated in England and Wales. The registered office is West House, King Cross Road, Halifax, West Yorkshire, HX1 1EB.

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