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Registered number: 13661881
K L Properties NE Ltd
Financial Statements
For The Year Ended 31 October 2025
Accounting SQL Limited
2-4 Petworth Road
Haslemere
Surrey
GU27 2HR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13661881
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 230,000 230,000
230,000 230,000
CURRENT ASSETS
Debtors 5 - 150,000
Cash at bank and in hand 716 2,425
716 152,425
Creditors: Amounts Falling Due Within One Year 6 (55,730 ) (5,729 )
NET CURRENT ASSETS (LIABILITIES) (55,014 ) 146,696
TOTAL ASSETS LESS CURRENT LIABILITIES 174,986 376,696
Creditors: Amounts Falling Due After More Than One Year 7 (161,948 ) (358,443 )
NET ASSETS 13,038 18,253
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 12,938 18,153
SHAREHOLDERS' FUNDS 13,038 18,253
Page 1
Page 2
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Peter Hall
Director
30/05/2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
K L Properties NE Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13661881 . The registered office is 2-4 Petworth Road, Haslemere, Surrey, GU27 2HR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold -
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 November 2024 230,000
As at 31 October 2025 230,000
Net Book Value
As at 31 October 2025 230,000
As at 1 November 2024 230,000
5. Debtors
2025 2024
£ £
Due within one year
Other debtors - 150,000
Page 3
Page 4
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 1 -
Director's loan account 55,729 5,729
55,730 5,729
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Property Mortgage - 44b Borough Road, Middlesbrough 37,349 37,829
Property Mortgage - 44c Borough Road , Middlesbrough 37,350 37,828
Property Mortgage - 44a Borough Road, Middlesbrough 37,350 37,829
Property Mortgage - 44 Borough Road, Middlesbrough 37,350 37,829
Intercompany - WBAH Properties 12,549 207,128
161,948 358,443
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 4