REGISTERED NUMBER: 13474976 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

KANU PROPERTIES LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mr Chinedum Abiodun Kanu

Mrs Mary Chinedu Kanu

REGISTERED OFFICE:

33A Vaughan Road

Harrow

Middlesex

HA1 4DP

REGISTERED NUMBER:

13474976 (England and Wales)

ACCOUNTANTS:

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kanu Properties Limited for the year ended 30 June 2025 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kanu Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kanu Properties Limited and state those matters that we have agreed to state to the Board of Directors of Kanu Properties Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kanu Properties Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kanu Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kanu Properties Limited. You consider that Kanu Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kanu Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Sterling Accounts Limited

t/a Sterling

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

4 May 2026

FIXED ASSETS

Tangible assets

4

228

456

Investment property

5

463,000

406,515

463,228

406,971

CURRENT ASSETS

Debtors

6

-

2,168

Cash at bank

6,438

3,854

6,438

6,022

CREDITORS

Amounts falling due within one year

7

183,672

166,474

NET CURRENT LIABILITIES

(177,234

)

(160,452

)

TOTAL ASSETS LESS CURRENT LIABILITIES

285,994

246,519

CREDITORS

Amounts falling due after more than one year

8

(286,746

)

(286,746

)

PROVISIONS FOR LIABILITIES

(14,121

)

-

NET LIABILITIES

(14,873

)

(40,227

)

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

10

42,364

-

Retained earnings

(57,337

)

(40,327

)

SHAREHOLDERS' FUNDS

(14,873

)

(40,227

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2026 and were signed on its behalf by:

Mr Chinedum Abiodun Kanu - Director

1.	STATUTORY INFORMATION

Kanu Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable.

Turnover is recognised when the company has a right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33.33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 July 2024

and 30 June 2025

684

DEPRECIATION

At 1 July 2024

228

Charge for year

228

At 30 June 2025

456

NET BOOK VALUE

At 30 June 2025

228

At 30 June 2024

456

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

406,515

Revaluations

56,485

At 30 June 2025

463,000

NET BOOK VALUE

At 30 June 2025

463,000

At 30 June 2024

406,515

Fair value at 30 June 2025 is represented by:

£

Valuation in 2025

56,485

Cost

406,515

463,000

In the opinion of the director the fair value of the investment properties as at 30 June 2025 is not significantly different to that stated above.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

2,168

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

183,672

166,474

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

286,746

286,746

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

286,746

286,746

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

286,746

286,746

The bank loan is secured by a fixed charge over the investment property of the company.

10.

RESERVES

Fair

value

reserve

£

Fair value reserve movement

42,364

At 30 June 2025

42,364

11.	RELATED PARTY DISCLOSURES

As at 30 June 2025, the directors were owed £180,026 (2024: £163,129) by the company. The amount is interest free and repayable on demand.