COMPANY REGISTRATION NUMBER:
NI032867
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Konrad Properties Limited |
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Filleted Unaudited Financial Statements |
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Konrad Properties Limited |
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Statement of Financial Position |
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31 December 2025
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31 Dec 25 |
31 Aug 24 |
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Note |
£ |
£ |
£ |
|
|
|
|
Current assets
|
Debtors |
4 |
300 |
|
300 |
|
Cash at bank and in hand |
– |
|
69,631 |
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---- |
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-------- |
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300 |
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69,931 |
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|
|
|
|
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Creditors: amounts falling due within one year |
5 |
1,650 |
|
1,650 |
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------- |
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-------- |
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Net current (liabilities)/assets |
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(
1,350) |
68,281 |
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|
------- |
-------- |
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Total assets less current liabilities |
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(
1,350) |
68,281 |
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|
------- |
-------- |
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Net (liabilities)/assets |
|
(
1,350) |
68,281 |
|
|
------- |
-------- |
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|
|
|
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Capital and reserves
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Called up share capital |
|
2 |
2 |
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Capital redemption reserve |
|
1 |
1 |
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Profit and loss account |
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(
1,353) |
68,278 |
|
|
------- |
-------- |
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Shareholders (deficit)/funds |
|
(
1,350) |
68,281 |
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|
------- |
-------- |
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
12 June 2026
, and are signed on behalf of the board by:
Company registration number:
NI032867
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Konrad Properties Limited |
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Notes to the Financial Statements |
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Period from 1 September 2024 to 31 December 2025
1.
General information
The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is Linenhall Exchange, 26 Linenhall Street, Belfast, BT2 8BG.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment properties
Investment properties are revalued annually and revaluation surpluses are credited to investment revaluation reserves. Any permanent deficit on revaluation of an individual property is charged to the profit and loss account.
On the sale of an investment property, the surplus or deficit arising since the last balance sheet valuation is taken to the profit and loss account and any revaluation surpluses from prior years thus realised are transferred from investment revaluation reserves to profit and loss account, as a reserve movement.
No depreciation is provided in respect of investment properties; this constitutes a departure from the statutory rules requiring fixed assets to be depreciated over their economic lives.
The directors consider, as these properties are held for their investment potential, to depreciate them would not give a true and fair view and therefore it is necessary to adopt SSAP 19 in order to give a true and fair view.
If this departure from the Act had not been made the profit for the financial year would have been reduced by depreciation. However, the amounts of depreciation cannot reasonably be quantified because depreciation is only one of many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the financial statements. Deferred tax assets are recognised to the extent that it it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Debtors
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31 Dec 25 |
31 Aug 24 |
|
£ |
£ |
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Other debtors |
300 |
300 |
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---- |
---- |
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5.
Creditors:
amounts falling due within one year
|
31 Dec 25 |
31 Aug 24 |
|
£ |
£ |
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Trade creditors |
900 |
900 |
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Other creditors |
750 |
750 |
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------- |
------- |
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1,650 |
1,650 |
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------- |
------- |
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6.
Contingencies
There were no contingent liabilities of a material nature at the balance sheet date (2024: £nil).
7.
Related party transactions
(a) Ownership of the company Mr Bannon and Ms Johnston each hold a one half interest in the company. (b) Transactions with shareholders During the year, the company paid £750 (2024: £750) to FEB Chartered Accountants, a partnership of which Mr Bannon is an employee. At the balance sheet date amounts owed to shareholders was £nil (2024 - £nil).