REGISTERED NUMBER: 11286044 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

KMP (Mitcham) Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr N N Patel

Mr B Patel

Mr V M Patel

Mr V N Patel

REGISTERED OFFICE:

2nd Floor, Compton House

29-33 Church Road

Stanmore

Middlesex

HA7 4AR

REGISTERED NUMBER:

11286044 (England and Wales)

ACCOUNTANTS:

Andrew Murray & Co

Business Advisors and Statutory Auditors

144-146 Kings Cross Road

King's Cross

WC1X 9DU

FIXED ASSETS

Tangible assets

4

37,867

50,488

Investment property

5

2,100,000

1,950,000

2,137,867

2,000,488

CURRENT ASSETS

Debtors

6

11,946

11,809

Cash at bank

37,882

47,246

49,828

59,055

CREDITORS

Amounts falling due within one year

7

1,471,855

1,486,721

NET CURRENT LIABILITIES

(1,422,027

)

(1,427,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

715,840

572,822

PROVISIONS FOR LIABILITIES

9

223,115

188,771

NET ASSETS

492,725

384,051

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

640,948

528,448

Retained earnings

11

(148,323

)

(144,497

)

SHAREHOLDER FUNDS

492,725

384,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 authorised for issue by the Board of Directors and authorised for issue on 4 June 2026 and were signed on its behalf by:

Mr V M Patel - Director

1.	STATUTORY INFORMATION

KMP (Mitcham) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going Concern

The financial statements have been prepared on a going concern basis, notwithstanding the fact that there is a net current deficit of £1,422,027 (2024: £1,427,666) on the balance sheet. The Directors, having made appropriate enquiries, are satisfied that the company will receive continued support from the company's ultimate shareholders and the company will be able to meet its liabilities as they fall due for payment. Therefore, the directors are of the opinion that it is appropriate to adopt the going concern basis in preparing the financial statements. The financial statements do not include the adjustments that would result if the company was unable to continue as a going concern.

Turnover

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

Turnover represents amounts receivable for rent and services. Rent is recognised for the period for which it is due.

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.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 October 2024

and 30 September 2025

58,636

4,474

63,110

DEPRECIATION

At 1 October 2024

11,727

895

12,622

Charge for year

11,727

894

12,621

At 30 September 2025

23,454

1,789

25,243

NET BOOK VALUE

At 30 September 2025

35,182

2,685

37,867

At 30 September 2024

46,909

3,579

50,488

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2024

1,950,000

Revaluations

150,000

At 30 September 2025

2,100,000

NET BOOK VALUE

At 30 September 2025

2,100,000

At 30 September 2024

1,950,000

Fair value at 30 September 2025 is represented by:

£

Valuation in 2023

854,598

Cost

1,245,402

2,100,000

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.25

30.9.24

£

£

Cost

1,245,402

1,245,402

Investment properties were valued on an open market basis on 18 July 2023 by Cushman & Wakefield .

In opinion of the directors, the market value of the investment properties as at the balance sheet date were not significantly different to their book value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

-

1,700

Other debtors

10,109

10,109

Prepayments

1,837

-

11,946

11,809

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

3

-

Other creditors

1,431,739

1,446,690

Accrued expenses

40,113

40,031

1,471,855

1,486,721

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

9.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

Accelerated capital allowances

9,466

12,622

Deferred tax

213,649

176,149

223,115

188,771

Deferred

tax

£

Balance at 1 October 2024

188,771

Provided during year

34,344

Balance at 30 September 2025

223,115

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 October 2024

(144,497

)

528,448

383,951

Profit for the year

108,674

108,674

Non-distributable reserve

(112,500

)

112,500

-

At 30 September 2025

(148,323

)

640,948

492,625

12.	RELATED PARTY DISCLOSURES

Included in the other creditors is an amount of £1,415,415 (2024: £1,436,681) owed by the company to KMP PropFin Ltd and during the year loan interest of £83,173 (2024: £97,437) was charged to the company by KMP PropFin Ltd, a related party entity.This loan is non-instalment and repayable on demand.

Also included in other creditors is an amount of £6,315 (2024: £NIL) owed by the company to KMP & Sons, a related party entity. This loan is non-instalment and repayable on demand.