KMN HOMES AND LETTINGS LIMITED

Registered number

15466137

Filleted Accounts

28 February 2026

KMN HOMES AND LETTINGS LIMITED
Registered number:		15466137
Balance Sheet
as at 28 February 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		906,632			906,632

Current assets
Debtors	4	82			1,735
Cash at bank and in hand		4,704			689
		4,786			2,424

Creditors: amounts falling due within one year	5	(281,892)			(287,285)

Net current liabilities			(277,106)			(284,861)

Total assets less current liabilities			629,526			621,771

Creditors: amounts falling due after more than one year	6		(621,275)			(621,365)



Net assets			8,251			406

Capital and reserves
Called up share capital			300			300
Profit and loss account			7,951			106

Shareholder's funds			8,251			406

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Mr N Georgiev
Director
Approved by the board on 31 August 2026

KMN HOMES AND LETTINGS LIMITED
Notes to the Accounts
for the year ended 28 February 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. 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.

	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:

	Residential buildings	at market value

	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.


2	Employees		2026		2025
Number				Number

	Average number of persons employed by the company		0		0


3	Tangible fixed assets
					Land and buildings
£
	Cost
	At 1 March 2025				906,632
	At 28 February 2026				906,632

	Depreciation
	At 28 February 2026				-

	Net book value
	At 28 February 2026				906,632
	At 28 February 2025				906,632


4	Debtors		2026		2025
£				£

	Other debtors		82		1,735


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

	Taxation and social security costs		1,840		25
	Other creditors		280,052		287,260
			281,892		287,285


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

	Bank loans		621,275		621,365


7	Loans		2026		2025
£				£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years		621,275		621,365


	Secured bank loans		621,275		621,365

	The Mortgage Works (UK) PLC has two charges over the properties owned by the company. (Charge code 1546 6137 0001 and 1546 6137 0002)


8	Related party transactions

	Mr N Georgiev, director and shareholder, has lent the company funds on an interest free basis. Due to Mr N Georgiev is £277,200. (YE 2025 £285,940)


9	Controlling party

	The company is controlled by is director and only shareholder, Mr N Georgiev.


10	Other information

	KMN HOMES AND LETTINGS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	23 Durham Road
	Dagenham
	Essex
	RM10 8AN