1 August 2024 false No description of principal activity Taxfiler 2024.6 09673922 business:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 09673922 2024-07-31 09673922 2024-08-01 2025-07-31 09673922 business:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 09673922 business:FilletedAccounts 2024-08-01 2025-07-31 09673922 2025-07-31 09673922 business:Director1 2024-08-01 2025-07-31 09673922 business:Director2 2024-08-01 2025-07-31 09673922 business:RegisteredOffice 2024-08-01 2025-07-31 09673922 2024-07-31 09673922 core:WithinOneYear 2025-07-31 09673922 core:WithinOneYear 2024-07-31 09673922 core:AfterOneYear 2025-07-31 09673922 core:AfterOneYear 2024-07-31 09673922 core:ShareCapital core:PreviouslyStatedAmount 2025-07-31 09673922 core:ShareCapital core:PreviouslyStatedAmount 2024-07-31 09673922 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-07-31 09673922 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-07-31 09673922 core:PreviouslyStatedAmount 2025-07-31 09673922 core:PreviouslyStatedAmount 2024-07-31 09673922 business:SmallEntities 2024-08-01 2025-07-31 09673922 countries:EnglandWales 2024-08-01 2025-07-31 09673922 core:PlantMachinery 2024-08-01 2025-07-31 09673922 core:FurnitureFittings 2024-08-01 2025-07-31 09673922 core:LandBuildings 2024-07-31 09673922 core:PlantMachinery 2024-07-31 09673922 core:FurnitureFittings 2024-07-31 09673922 core:LandBuildings 2024-08-01 2025-07-31 09673922 core:LandBuildings 2025-07-31 09673922 core:PlantMachinery 2025-07-31 09673922 core:FurnitureFittings 2025-07-31 09673922 2023-08-01 2024-07-31 iso4217:GBP xbrli:pure
Company Registration No. 09673922 (England and Wales)
KRM Properties Limited Unaudited accounts for the year ended 31 July 2025
KRM Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
KRM Properties Limited Company Information for the year ended 31 July 2025
Directors
John Adrian Neal-Morris Samantha Louise Neal-Morris
Company Number
09673922 (England and Wales)
Registered Office
Pure Offices Cheadle Suite 42 Brooks Drive Cheadle Royal Business Park Cheadle SK8 3TD England
- 3 -
KRM Properties Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
901
3,126,666
Investment property
5
5,878,929
-
5,879,830
3,126,666
Current assets
Inventories
151,072
117,828
Debtors
6
56,382
25,185
Cash at bank and in hand
84,628
4,158
292,082
147,171
Creditors: amounts falling due within one year
7
(2,808,196)
(2,723,443)
Net current liabilities
(2,516,114)
(2,576,272)
Total assets less current liabilities
3,363,716
550,394
Creditors: amounts falling due after more than one year
8
(3,000,000)
(401,700)
Provisions for liabilities
Deferred tax
(28,021)
-
Net assets
335,695
148,694
Capital and reserves
Called up share capital
1
1
Profit and loss account
335,694
148,693
Shareholders' funds
335,695
148,694
For the year ending 31 July 2025 the company was entitled to exemption from audit 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2026 and were signed on its behalf by
John Adrian Neal-Morris Director Company Registration No. 09673922
- 4 -
KRM Properties Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
KRM Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 09673922. The registered office is Pure Offices Cheadle, Suite 42 Brooks Drive, Cheadle Royal Business Park, Cheadle, SK8 3TD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
- 5 -
KRM Properties Limited Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At valuation
At cost
At cost
At 1 August 2024
3,126,023
2,109
3,750
3,131,882
Additions
2,606,329
-
559
2,606,888
Revaluations
146,577
-
-
146,577
Transfer to investment property
(5,878,929)
-
-
(5,878,929)
At 31 July 2025
-
2,109
4,309
6,418
Depreciation
At 1 August 2024
-
1,841
3,375
5,216
Charge for the year
-
67
234
301
At 31 July 2025
-
1,908
3,609
5,517
Net book value
At 31 July 2025
-
201
700
901
At 31 July 2024
3,126,023
268
375
3,126,666
5
Investment property
2025
£
Additions
5,878,929
At 31 July 2025
5,878,929
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
(40,224)
(5,647)
Accrued income and prepayments
61,009
2,417
Other debtors
35,597
28,415
56,382
25,185
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
353,580
1,195,596
Amounts owed to group undertakings and other participating interests
2,377,893
993,806
Taxes and social security
19,461
-
Other creditors
32,821
28,700
Loans from directors
-
444,650
Accruals
1,241
1,191
Deferred income
23,200
59,500
2,808,196
2,723,443
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
3,000,000
401,700
- 6 -
KRM Properties Limited Notes to the Accounts for the year ended 31 July 2025
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 7 -