Company Registration No. 12807794 (England and Wales)
Klin Property London Ltd
Unaudited accounts
for the year ended 31 August 2025
Klin Property London Ltd
Unaudited accounts
Contents
Klin Property London Ltd
Company Information
for the year ended 31 August 2025
Company Number
12807794 (England and Wales)
Registered Office
Unit 501, Metropolitan Wharf Building
Klin Property London Ltd
70 Wapping Wall
London
E1W 3SS
England
Accountants
Basetax Limited
85 Tooting High Street
SW17 0SU
Klin Property London Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
3,400,000
3,400,000
Cash at bank and in hand
159,983
137,551
Creditors: amounts falling due within one year
(504,284)
(496,944)
Net current liabilities
(344,301)
(359,393)
Total assets less current liabilities
3,055,699
3,040,607
Creditors: amounts falling due after more than one year
(2,211,242)
(2,211,242)
Provisions for liabilities
Deferred tax
(179,740)
(179,740)
Net assets
664,717
649,625
Called up share capital
100
100
Revaluation reserve
539,219
539,219
Profit and loss account
125,398
110,306
Shareholders' funds
664,717
649,625
For the year ending 31 August 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 director acknowledges his 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 and authorised for issue on 26 August 2026 and were signed on its behalf by
Richard Klin
Director
Company Registration No. 12807794
Klin Property London Ltd
Notes to the Accounts
for the year ended 31 August 2025
Klin Property London Ltd is a private company, limited by shares, registered in England and Wales, registration number 12807794. The registered office is Unit 501, Metropolitan Wharf Building, Klin Property London Ltd, 70 Wapping Wall, London, E1W 3SS, 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.
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.
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Klin Property London Ltd
Notes to the Accounts
for the year ended 31 August 2025
4
Tangible fixed assets
Land & buildings
At 1 September 2024
3,400,000
At 31 August 2025
3,400,000
At 31 August 2025
3,400,000
At 31 August 2024
3,400,000
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
38,254
33,664
Other creditors
461,475
461,475
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
2,211,242
2,211,242
7
Deferred taxation
2025
2024
Accelerated capital allowances
179,740
179,740
Provision at start of year
179,740
179,740
Provision at end of year
179,740
179,740
8
Transactions with related parties
Included in other creditors is an amount of £441,473 (2024: £441,473) owed to Klin Property Liverpool Limited, a company under common control.
The loan is repayable on demand and no interest has been charged.
The company is under the control of its director.
Klin Property London Ltd
Notes to the Accounts
for the year ended 31 August 2025
10
Average number of employees
During the year the average number of employees was 1 (2024: 1).