KMS Property Services Limited - Filleted accounts

Registered number

09180331

KMS Property Services Limited

Unaudited Filleted Accounts

31 January 2026

KMS Property Services Limited
Registered number:		09180331
Balance Sheet
as at 31 January 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		76,814			36,086
Investments	4		624,000			499,000
			700,814			535,086

Current assets
Debtors	5	1,171,559			773,410
Cash at bank and in hand		383,039			199,242
		1,554,598			972,652

Creditors: amounts falling due within one year	6	(340,628)			(183,174)

Net current assets			1,213,970			789,478

Total assets less current liabilities			1,914,784			1,324,564


Provisions for liabilities			(32,706)			(22,934)


Net assets			1,882,078			1,301,630

Capital and reserves
Called up share capital			2			2
Non-distributable fair value reserve	7		73,025			79,207
Profit and loss account			1,809,051			1,222,421

Shareholders' funds			1,882,078			1,301,630

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.




M A Swirles
Director
Approved by the board on 12 August 2026

KMS Property Services Limited
Notes to the Accounts
for the year ended 31 January 2026


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.

	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:
	Motor vehicles	25% reducing balance method
	Fixtures, fittings, tools and equipment	33.3% straight line method

	Investments
	Investment properties are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2025	1,906		54,500		56,406
	Additions	-		53,126		53,126
	At 31 January 2026	1,906		107,626		109,532

	Depreciation
	At 1 February 2025	700		19,620		20,320
	Charge for the year	358		12,040		12,398
	At 31 January 2026	1,058		31,660		32,718

	Net book value
	At 31 January 2026	848		75,966		76,814
	At 31 January 2025	1,206		34,880		36,086


4	Investments
Other
investments
£
	Cost
	At 1 February 2025					499,000
	Additions					133,242
	Revaluation					(8,242)

	At 31 January 2026					624,000

	Historical cost
	At 1 February 2025					393,391
	At 31 January 2026					393,391



5	Debtors			2026		2025
£					£

	Trade debtors			1,093,774		612,394
	Other debtors			77,785		161,016
				1,171,559		773,410


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			65,208		34,006
	Taxation and social security costs			225,877		111,977
	Other creditors			49,543		37,191
				340,628		183,174


7	Non-distributable fair value reserve			2026		2025
£					£

	At 1 February 2025			79,207		61,207
	Transfer (to) / from Profit & Loss Account			(6,182)		18,000

	At 31 January 2026			73,025		79,207


8	Other information

	KMS Property Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	2 Apollo Court
	Koppers Way
	Monkton Business Park South
	Hebburn
	NE31 2ES