K2RE LIMITED - Filleted accounts

Registered number

08189903

K2RE LIMITED

Filleted Accounts

31 August 2025

K2RE LIMITED
Registered number:		08189903
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		7,944,164			7,688,229

Current assets
Debtors	4	32,216			42,575
Cash at bank and in hand		290,575			319,921
		322,791			362,496

Creditors: amounts falling due within one year	5	(267,617)			(329,902)

Net current assets			55,174			32,594

Total assets less current liabilities			7,999,338			7,720,823

Creditors: amounts falling due after more than one year	6		(5,015,337)			(4,850,780)



Net assets			2,984,001			2,870,043

Capital and reserves
Called up share capital			100			100
Revaluation reserve	7		2,564,853			2,564,853
Profit and loss account			419,048			305,090

Shareholders' funds			2,984,001			2,870,043

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




T Mirza
Director
Approved by the board on 29 April 2026

K2RE LIMITED
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		8


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	7,684,688		17,693		21,052		7,723,433
	Additions	458,815		-		25,940		484,755
	Disposals	(222,305)		-		-		(222,305)
	At 31 August 2025	7,921,198		17,693		46,992		7,985,883

	Depreciation
	At 1 September 2024	-		14,152		21,052		35,204
	Charge for the year	-		1,327		5,188		6,515
	At 31 August 2025	-		15,479		26,240		41,719

	Net book value
	At 31 August 2025	7,921,198		2,214		20,752		7,944,164
	At 31 August 2024	7,684,688		3,541		-		7,688,229


4	Debtors					2025		2024
£							£

	Trade debtors					32,216		42,575


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					-		1,377
	Taxation and social security costs					65,266		82,224
	Other creditors					202,351		246,301
						267,617		329,902


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					2,799,914		2,968,347
	Other creditors					2,215,423		1,882,433
						5,015,337		4,850,780


7	Revaluation reserve					2025		2024
£							£

	At 1 September 2024					2,564,853		2,564,853

	At 31 August 2025					2,564,853		2,564,853


8	Other information

	K2RE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	651a Mauldeth Road West
	Chorlton
	Manchester
	M21 7SA