Company registration number 11961578 (England and Wales)
KADIA PROPERTIES LIMITED
Unaudited Financial Statements
for the Year Ended 30 April 2026
KADIA PROPERTIES LIMITED
Contents
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 6
KADIA PROPERTIES LIMITED
Company Information
- 1 -
Directors
Mr K B Davies
Mr D P Attwell
Company number
11961578
Registered office
Wellfield House
Temple Street
Llandrindod Wells
Powys
Wales
LD1 5HG
Accountants
RCH Accountants Limited
Wellfield House
Temple Street
Llandrindod Wells
Powys
LD1 5HG
KADIA PROPERTIES LIMITED
Balance Sheet
As at 30 April 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Investment property
4
404,467
404,467
Current assets
Cash at bank and in hand
23,611
24,307
Creditors: amounts falling due within one year
5
(329,079)
(325,637)
Net current liabilities
(305,468)
(301,330)
Total assets less current liabilities
98,999
103,137
Creditors: amounts falling due after more than one year
6
(52,474)
(69,472)
Net assets
46,525
33,665
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
46,523
33,663
Total equity
46,525
33,665

The notes on pages 3 to 6 form part of these financial statements.

For the financial year ended 30 April 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 8 June 2026 and are signed on its behalf by:
Mr K B Davies
Director
Company registration number 11961578 (England and Wales)
KADIA PROPERTIES LIMITED
Notes to the Financial Statements
For the Year Ended 30 April 2026
- 3 -
1
Accounting policies
Company information

Kadia Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wellfield House, Temple Street, Llandrindod Wells, Powys, Wales, LD1 5HG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company had net current liabilities of £305,468 (2025 - £301,330). However, creditors includes loans from the directors of £307,948 (2025 - £304,5 98). On the basis of their continued support and the company continuing to trade at a profit, the directors consider it appropriate to prepare these accounts on the going concern basis.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

KADIA PROPERTIES LIMITED
Notes to the Financial Statements
For the Year Ended 30 April 2026
1
Accounting policies
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised at transaction price.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

KADIA PROPERTIES LIMITED
Notes to the Financial Statements
For the Year Ended 30 April 2026
1
Accounting policies
- 5 -
1.9
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
2
2
4
Investment property
2026
£
Fair value
At 1 May 2025 and 30 April 2026
404,467

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

5
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
5,556
5,556
Taxation and social security
3,016
3,073
Other creditors
320,507
317,008
329,079
325,637
KADIA PROPERTIES LIMITED
Notes to the Financial Statements
For the Year Ended 30 April 2026
- 6 -
6
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
3,056
8,611
Other borrowings
49,418
60,861
52,474
69,472
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