REGISTERED NUMBER: 10445168 (England and Wales)

Financial Statements

for the Year Ended 29 October 2025

for

KASSA PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Saunders

B A Voyce

REGISTERED OFFICE:

143 Station Road

Hampton

Middlesex

TW12 2AL

REGISTERED NUMBER:

10445168 (England and Wales)

ACCOUNTANTS:

Alvis & Company (Accountants) Limited

143 Station Road

Hampton

Middlesex

TW12 2AL

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

840,500

824,500

840,500

824,500

CURRENT ASSETS

Debtors

6

3,078

5,382

Cash at bank

883

4,270

3,961

9,652

CREDITORS

Amounts falling due within one year

7

(517,011

)

(487,940

)

NET CURRENT LIABILITIES

(513,050

)

(478,288

)

TOTAL ASSETS LESS CURRENT LIABILITIES

327,450

346,212

CREDITORS

Amounts falling due after more than one year

8

(303,615

)

(304,459

)

PROVISIONS FOR LIABILITIES

(44,208

)

(40,208

)

NET (LIABILITIES)/ASSETS

(20,373

)

1,545

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

11

(20,383

)

1,535

SHAREHOLDERS' FUNDS

(20,373

)

1,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2026 and were signed on its behalf by:

R Saunders - Director

1.	STATUTORY INFORMATION

Kassa Properties Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

-

25% 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 Income Statement, 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 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 30 October 2024

and 29 October 2025

609

DEPRECIATION

At 30 October 2024

and 29 October 2025

609

NET BOOK VALUE

At 29 October 2025

-

At 29 October 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 October 2024

824,500

Revaluations

16,000

At 29 October 2025

840,500

NET BOOK VALUE

At 29 October 2025

840,500

At 29 October 2024

824,500

Fair value at 29 October 2025 is represented by:

£

Valuation in 2022

11,827

Valuation in 2023

39,872

Valuation in 2024

100,563

Valuation in 2025

16,000

Cost

672,238

840,500

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.10.25

29.10.24

£

£

Trade debtors

2,245

553

Other debtors

833

4,829

3,078

5,382

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.10.25

29.10.24

£

£

Trade creditors

2,016

3,899

Other creditors

514,995

484,041

517,011

487,940

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.10.25

29.10.24

£

£

Bank loans

303,615

304,459

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

303,615

304,459

9.	SECURED DEBTS

The following secured debts are included within creditors:

29.10.25

29.10.24

£

£

Bank loans

303,615

304,459

The mortgages provided by Keystone Property Finance Ltd are secured against the properties known as 12 Eveline St (i), 31 Dearne St (ii), 1 Wellington Place (iii), 21 Honeywell St (iv) & 13 Gordon St (v) by way of fixed charge and negative pledge.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

29.10.25

29.10.24

value:

£

£

100

Ordinary

0.01

10

10

11.

RESERVES

Retained

earnings

£

At 30 October 2024

1,535

Deficit for the year

(21,918

)

At 29 October 2025

(20,383

)

Reserves include £132,625 which is not distributable. This relates to the unrealised revaluation of an investment property and the deferred tax effects

12.	GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.