KB Property and Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 12145906 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

KB PROPERTY AND INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Buckingham

REGISTERED OFFICE:

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

12145906 (England and Wales)

ACCOUNTANTS:

LFM

Chartered Certified Accountants

The Stables

23b Lenten Street

Alton

Hampshire

GU34 1HG

FIXED ASSETS

Investment property

4

396,000

390,000

CURRENT ASSETS

Cash at bank

7,584

1,350

CREDITORS

Amounts falling due within one year

5

3,047

3,570

NET CURRENT ASSETS/(LIABILITIES)

4,537

(2,220

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

400,537

387,780

CREDITORS

Amounts falling due after more than one year

6

(334,438

)

(336,488

)

PROVISIONS FOR LIABILITIES

(15,053

)

(13,918

)

NET ASSETS

51,046

37,374

CAPITAL AND RESERVES

Called up share capital

1

Fair value reserve

7

64,202

59,337

Retained earnings

(13,157

)

(21,964

)

SHAREHOLDERS' FUNDS

51,046

37,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 May 2026 and were signed by:

K Buckingham - Director

1.	STATUTORY INFORMATION

KB Property and Investments 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

390,000

Revaluations

6,000

At 31 August 2025

396,000

NET BOOK VALUE

At 31 August 2025

396,000

At 31 August 2024

390,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2020

3,255

Valuation in 2021

40,000

Valuation in 2022

15,000

Valuation in 2023

10,000

Valuation in 2024

5,000

Valuation in 2025

6,000

Cost

316,745

396,000

If the investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

316,745

The investment property was valued on an open market basis on 31 August 2025 by Mr K Buckingham .

The valuation of the property at the year end is based on recent sales data for similar properties in the immediate area and is not carried out by an independent professionally qualified valuer.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

427

1,000

Other creditors

2,620

2,570

3,047

3,570

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans

272,045

272,795

Amounts owed to group undertakings

55,000

Other creditors

7,393

8,693

334,438

336,488

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

272,045

7.

RESERVES

Fair

value

reserve

£

At 1 September 2024

59,337

Transfer to fair value reserve

4,865

At 31 August 2025

64,202

8.	ULTIMATE CONTROLLING PARTY

The controlling party is K Buckingham.

9.	LEGAL CHARGES

The following legal charge existed during the period:

Paragon Bank PLC fixed charge over the property at 28 Windermere Walk, Camberley, Surrey, GU15 1RP. Charge number 1214 5906 0002.

10.	GOING CONCERN

The accounts have been prepared on a going concern basis as in the opinion of the director, the company will become profitable in future years. The director intends to support the company for the foreseeable future.