Kurban Property (UK) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06799756 (England and Wales)

Kurban Property (UK) Ltd

Abridged Unaudited Financial Statements

for the Year Ended 31 March 2026

Page

Company Information

1

Chartered Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Mr I Kurban

REGISTERED OFFICE:

239-241 Kennington Lane

London

SE11 5QU

REGISTERED NUMBER:

06799756 (England and Wales)

ACCOUNTANTS:

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kurban Property (UK) Ltd for the year ended 31 March 2026 which comprise the Abridged Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Kurban Property (UK) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kurban Property (UK) Ltd and state those matters that we have agreed to state to the director of Kurban Property (UK) Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kurban Property (UK) Ltd and its director for our work or for this report.

It is your duty to ensure that Kurban Property (UK) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kurban Property (UK) Ltd. You consider that Kurban Property (UK) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kurban Property (UK) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Alton & Co

Chartered Accountants

239-241 Kennington Lane

London

SE11 5QU

15 July 2026

FIXED ASSETS

Property, plant and equipment

4

5,096

5,995

Investment property

5

5,500,000

5,505,096

5,505,995

CURRENT ASSETS

Debtors

6

47,179

133,380

Cash at bank and in hand

190,862

75,567

238,041

208,947

CREDITORS

Amounts falling due within one year

7

700,271

949,378

NET CURRENT LIABILITIES

(462,230

)

(740,431

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,042,866

4,765,564

CREDITORS

Amounts falling due after more than one
year

8

(368,128

)

(287,509

)

PROVISIONS FOR LIABILITIES

11

(223,105

)

(223,330

)

NET ASSETS

4,451,633

4,254,725

CAPITAL AND RESERVES

Called up share capital

12

100

Fair value reserve

13

1,719,749

Retained earnings

13

2,731,784

2,534,876

SHAREHOLDERS' FUNDS

4,451,633

4,254,725

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Income Statement for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 15 July 2026 and were signed by:

Mr I Kurban - Director

1.	STATUTORY INFORMATION

Kurban Property (UK) 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.

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.

Turnover

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

Turnover is generated from the ordinary activities of the company and is recognised when the rent becomes due on quarter end dates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

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.

Under FRS 102 Section 16, investment property is not depreciated. Instead, it is measured at fair value at each reporting date, with changes in fair value recognized in profit or loss. Any improvement costs are capitalized and included in the fair value measurement, but they are also not depreciated separately.

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 3 (2025 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 April 2025

and 31 March 2026

43,328

DEPRECIATION

At 1 April 2025

37,333

Charge for year

899

At 31 March 2026

38,232

NET BOOK VALUE

At 31 March 2026

5,096

At 31 March 2025

5,995

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

5,500,000

NET BOOK VALUE

At 31 March 2026

5,500,000

At 31 March 2025

5,500,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2018

1,641,680

Valuation in 2019

300,000

Cost

3,558,320

5,500,000

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

2026

2025

£

Cost

3,558,320

Director’s Assessment of Valuation

The director did not obtain an independent external valuation of the investment properties for the reporting period. The valuation has been determined solely based on the director’s judgement, taking into account their knowledge of the properties and current market conditions. The director considers the carrying amount to be a reasonable approximation of the properties’ open market value.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

21,144

115,796

Supplier over payments

16,794

10,800

Prepayments

7,796

5,478

Accrued income

1,445

1,306

47,179

133,380

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Bank loans and overdrafts (see note 9)

27,312

220,948

Trade creditors

5,994

817

Corporation tax payable

66,125

86,697

Social security and other taxes

2,443

2,186

VAT

15,325

16,466

Deposit received

5,816

Directors' current accounts

475,914

515,410

Deferred income

95,225

95,076

Accrued expenses

6,117

5,962

700,271

949,378

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

2026

2025

£

Bank loans (see note 9)

368,128

287,509

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

258,880

-

9.

LOANS

An analysis of the maturity of loans is given below:

2026

2025

£

Amounts falling due within one year or on demand:

Bank loans

27,312

220,948

Amounts falling due between one and two years:

Bank loans - 1-2 years

27,312

213,349

Amounts falling due between two and five years:

Bank loans - 2-5 years

81,936

74,160

Amounts falling due in more than five years:

2026

2025

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

258,880

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

Bank loans

395,440

508,457

11.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

223,105

223,330

Deferred

tax

£

Balance at 1 April 2025

223,330

Credit to Income Statement during year

(225

)

Balance at 31 March 2026

223,105

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

100

Ordinary

£1

100

13.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 April 2025

2,534,876

1,719,749

4,254,625

Profit for the year

197,908

Dividends

(1,000

)

(1,000

)

At 31 March 2026

2,731,784

1,719,749

4,451,533

14.	RELATED PARTY DISCLOSURES

Transactions with member of key management personnel:

At the balance sheet date company owe £475,914 (2025:£515,410) an interest-free loan payable on demand and is presented within creditors' note 9.

During the year company paid rent of £3,672 ( 2025:£3,672) to the directors' for the use of residence as office.