KR3 PROPERTIES LIMITED


Director	READ, Karen Marie


Registered Address	6 Manor Farm Barns Hill Top
	Breadsall
	Derby
	DE21 4TP


Registered Number	13891780 (England and Wales)

Statement of Financial Position
28 February 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Investment property	3		1,010,000		1,010,000
			1,010,000		1,010,000
Current assets
Cash at bank and on hand		35,154		12,642
		35,154		12,642
Creditors amounts falling due within one year	4	(9,428)		(6,059)
Net current assets (liabilities)			25,726		6,583
Total assets less current liabilities			1,035,726		1,016,583
Provisions for liabilities	5		(66,250)		(66,250)
Net assets			969,476		950,333
Capital and reserves
Called up share capital			745,000		745,000
Revaluation reserve			198,750		198,750
Profit and loss account			25,726		6,583
Shareholders' funds			969,476		950,333

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 June 2026, and are signed on its behalf by:

READ, Karen Marie
Director
Registered Company No. 13891780

KR3 PROPERTIES LIMITED

Notes to the Financial Statements
for the year ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Deferred tax
	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.

Deferred tax

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.

	Investment property
	The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis. Investment Property revalued by director.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		1

3.	Investment property


		£
	Fair value at 01 March 25	1,010,000
	At 28 February 26	1,010,000

4.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	600	-
Taxation and social security	7,070	3,422
Other creditors	198	1,137
Accrued liabilities and deferred income	1,560	1,500
Total	9,428	6,059

5.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	66,250	66,250
Total	66,250	66,250