KLF System Management Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09860190

KLF System Management Ltd

Filleted Unaudited Financial Statements

For the year ended

31 July 2025

KLF System Management Ltd

Financial Statements

Year ended 31 July 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

KLF System Management Ltd

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	4		299,982		299,982

Current assets

Debtors	5	200	200
Cash at bank and in hand		3,660	2,500
		-------	-------
		3,860	2,700

Creditors: amounts falling due within one year	6	277,689		286,771
		----------		----------
Net current liabilities			273,829		284,071
			----------		----------
Total assets less current liabilities			26,153		15,911
			--------		--------
Net assets			26,153		15,911
			--------		--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	26,053	15,811
	--------	--------
Shareholder funds	26,153	15,911
	--------	--------

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 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

KLF System Management Ltd

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Mrs K L Formon

Director

Company registration number: 09860190

KLF System Management Ltd

Notes to the Financial Statements

Year ended 31 July 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 23 Station Road, Howden, Goole, DN14 7AF, England.

2. Statement of compliance

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

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of 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.

(b) Revenue recognition

Income from rents receivable is recognised in accordance with the agreed terms of the relevant lease agreements.

(c) Current and deferred 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 be paid or recovered 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.

(d) 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.

(e) Investment property

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.

(f) 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.

(g) Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Tangible assets

	Freehold property
	£
Cost
At 1 August 2024 and 31 July 2025	299,982
	----------
Depreciation
At 1 August 2024 and 31 July 2025	–
	----------
Carrying amount
At 31 July 2025	299,982
	----------
At 31 July 2024	299,982
	----------

Investment properties were valued in July 2025 by the directors who have experience in the location and category of the investment property being valued.

5. Debtors

	2025	2024
	£	£
Other debtors	200	200
	----	----

6. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	2,656	2,003
Corporation tax	2,402	2,837
Director loan accounts	155,631	119,931
Other creditors	117,000	162,000
	----------	----------
	277,689	286,771
	----------	----------

7. Related party transactions

The directors have made a loan to the company. The loan is interest free and repayable on demand. At the year end £ 155,631 was owed to the directors (2024: £ 119,931 ).