Company registration number 12171626 (England and Wales)
KASAKA PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
KASAKA PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
KASAKA PROPERTIES LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment properties
3
4,692,319
4,511,443
Current assets
Debtors
4
5,952
89,329
Cash at bank and in hand
162,464
106,738
168,416
196,067
Creditors: amounts falling due within one year
5
(4,610,199)
(2,333,094)
Net current liabilities
(4,441,783)
(2,137,027)
Total assets less current liabilities
250,536
2,374,416
Creditors: amounts falling due after more than one year
6
-
0
(2,072,501)
Net assets
250,536
301,915
Capital and reserves
Called up share capital
100
100
Fair value reserve
(81,199)
(81,199)
Profit and loss reserves
331,635
383,014
Total equity
250,536
301,915

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KASAKA PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2025
31 August 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 June 2026 and are signed on its behalf by:
Mr A Govani
Director
Company Registration No. 12171626
KASAKA PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Kasaka Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Kasaka House, 24-28 Church Road, Stanmore, Middlesex, HA7 4AW.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account any settlement discounts.

Turnover represents the value of rent receivable from the investment property owned by the company. Rent is receivable on tenanted commercial property and tenanted residential property and is recognised as income on an accruals basis.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

KASAKA PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Investment property
2025
£
Fair value
At 1 September 2024
4,511,443
Additions
180,876
At 31 August 2025
4,692,319

Investment property comprises of one building with retail, office and residential units. The fair value of the investment property has been arrived at on the basis of directors valuation as at 31 August 2025. The valuation seems reasonable in relation to current markets. Additions in the year relate to costs in relation to the future development of the property and compensation costs within the period.

It is the directors' opinion that this valuation remains relevant and represents the open market value of the property as at 31 August 2025.

4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
3,015
76,860
Other debtors
2,937
12,469
5,952
89,329
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,500
10,000
Trade creditors
-
0
4,546
Taxation and social security
2,947
14,566
Other creditors
4,599,752
2,303,982
4,610,199
2,333,094
KASAKA PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
5
Creditors: amounts falling due within one year
(Continued)
- 5 -

Bank loans and other creditors amounting to £2,065,001 (202 4: £2,072,501 over one year) are secured liabilities with a fixed and floating charge created over the assets of the company. The charge was created on 1 September 2020 in favour of ICICI Bank Plc.

6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
2,072,501
7
Events after the reporting date

After the reporting date, the company completed a refinancing agreement of its existing borrowing facilities and secured additional funding to finance the refurbishment of the property held by the company

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