G1KK PROPERTIES LTD - Filleted accounts

Registered number

11605970

G1KK PROPERTIES LTD

Filleted Accounts

31 October 2025

G1KK PROPERTIES LTD
Registered number:		11605970
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		1,006,995			759,168

Current assets
Debtors	4	187,973			45,730
Cash at bank and in hand		2,158			16,239
		190,131			61,969

Creditors: amounts falling due within one year	5	(453,810)			(342,502)

Net current liabilities			(263,679)			(280,533)

Total assets less current liabilities			743,316			478,635

Creditors: amounts falling due after more than one year	6		(643,107)			(404,256)



Net assets			100,209			74,379

Capital and reserves
Called up share capital			2			2
Profit and loss account			100,207			74,377

Shareholders' funds			100,209			74,379

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Umesh Patel
Director
Approved by the board on 20 July 2026

G1KK PROPERTIES LTD
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.



2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 November 2024	755,458		10,932		766,390
	Additions	380,276		-		380,276
	Disposals	(131,708)		-		(131,708)
	At 31 October 2025	1,004,026		10,932		1,014,958

	Depreciation
	At 1 November 2024	-		7,222		7,222
	Charge for the year	-		741		741
	At 31 October 2025	-		7,963		7,963

	Net book value
	At 31 October 2025	1,004,026		2,969		1,006,995
	At 31 October 2024	755,458		3,710		759,168



4	Debtors			2025		2024
£					£

	Other debtors			187,973		45,730
				187,973		45,730



5	Creditors: amounts falling due within one year			2025		2024
£					£

	Accruals			3,660		1,830
	Director`s loan account			391,627		301,605
	Taxation and social security costs			14,223		10,267
	Other creditors			44,300		28,800
				453,810		342,502









6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			643,107		404,256



7	Other information

	G1KK PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	2 Hadstock Close
	Leicester
	LE5 0TT