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Registration number: 06376228

Kzar Property Limited
Unaudited Financial Statements - Companies house filing
for the Year Ended 31 August 2025

Kzar Property Limited

(Registration number: 06376228)
Statement of Financial Position as at 31 August 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 158,046 | 206,174
Investment property | 5 | 5,595,000 | 5,595,000
|  | 5,753,046 | 5,801,174
Current assets |  |  |
Debtors | 6 | 512 | 2,043
Cash at bank and in hand |  | 38,511 | 24,915
|  | 39,023 | 26,958
Creditors: Amounts falling due within one year | 7 | (1,522,988) | (1,552,025)
Net current liabilities |  | (1,483,965) | (1,525,067)
Total assets less current liabilities |  | 4,269,081 | 4,276,107
Creditors: Amounts falling due after more than one year | 7 | (1,611,827) | (1,920,097)
Provisions for liabilities |  | (126,119) | (127,532)
Net assets |  | 2,531,135 | 2,228,478
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Fair value reserve |  | 827,116 | 827,116
Profit and loss account |  | 1,704,017 | 1,401,360
Shareholders' funds |  | 2,531,135 | 2,228,478

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Kzar Property Limited

(Registration number: 06376228)
Statement of Financial Position as at 31 August 2025

Approved and authorised by the Board on 29 April 2026 and signed on its behalf by:

......................................... Mr K F Stephens Company secretary and director

Kzar Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, United Kingdom.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rental income received and the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity, and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Kzar Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 15% reducing balance
Motor vehicles | 25% reducing balance

Investment property

Investment property, being property held to earn rentals or for capital appreciation or both, is measured initially at cost, which includes purchsae price and any directly attributable expenditure.
Investment property is revalued to its fair value at each reporting date and changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.
Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

Kzar Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4 | Tangible assets

| Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 September 2024 | 47,483 | 260,206 | 307,689
Additions | - | 3,086 | 3,086
At 31 August 2025 | 47,483 | 263,292 | 310,775
Depreciation
At 1 September 2024 | 36,464 | 65,051 | 101,515
Charge for the year | 1,653 | 49,561 | 51,214
At 31 August 2025 | 38,117 | 114,612 | 152,729
Carrying amount
At 31 August 2025 | 9,366 | 148,680 | 158,046
At 31 August 2024 | 11,019 | 195,155 | 206,174

5 | Investment properties

| 2025 £
At 1 September | 5,595,000
At 31 August | 5,595,000

The investment properties were valued on an open market basis on 31 August 2023 by the directors.

There has been no valuation of investment property by an independent valuer.

6 | Debtors

| 2025 £ | 2024 £
Prepayments | 512 | 2,043
| 512 | 2,043

Kzar Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Bank loans and overdrafts | 8 | 282,695 | 260,582
Taxation and social security |  | 86,996 | 12,435
Accruals and deferred income |  | 4,710 | 4,500
Other creditors |  | 1,148,587 | 1,274,508
|  | 1,522,988 | 1,552,025

Creditors include outstanding balances due on finance lease contracts totalling £201,081 (2024 - £223,981) which are secured against the motor vehicles to which they relate.

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Loans and borrowings | 8 | 1,611,827 | 1,920,097

Creditors include bank loans which are secured by way of legal mortgages against the properties to which they relate of £1,693,441 (2024 - £1,956,673).

Creditors include bank loans repayable by instalments of £543,151 (20234- £779,782) due after more than five years.

Kzar Property Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 1,445,244 | 1,719,016
Finance lease liabilities | 166,583 | 201,081
| 1,611,827 | 1,920,097

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 248,197 | 237,682
Finance lease liabilities | 34,498 | 22,900
| 282,695 | 260,582

9 | Related party transactions

During the year the company received rental income and management charges totalling £607,500 (2024 - £366,000) from a company under common control of the directors and shareholders. At the year end the company owed £1,148,587 to its associated company (2024 - £1,274,508).