Registration number: 07499646

Kuga Properties Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 7

Kuga Properties Ltd

Company Information

Directors

Mr S J Norman Mrs J C Norman

Registered office

Station House Station Road Rugeley Staffordshire United Kingdom WS15 3HA

Accountants

Wychbury Greaves Station House Station Road Rugeley Staffordshire WS15 3HA

Kuga Properties Ltd

(Registration number: 07499646)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Investment property	4	475,000	650,000
Current assets
Debtors		3,376	3,982
Cash at bank and in hand		91,654	81,125
		95,030	85,107
Creditors: Amounts falling due within one year		(397,396)	(514,486)
Net current liabilities		(302,366)	(429,379)
Total assets less current liabilities		172,634	220,621
Provisions for liabilities		(34,593)	(53,655)
Net assets		138,041	166,966
Capital and reserves
Called up share capital	5	100	100
Other reserves		109,741	160,963
Retained earnings		28,200	5,903
Shareholders' funds		138,041	166,966

For the financial period ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 3 September 2026 and signed on its behalf by:
 

......................................... Mr S J Norman Director

Kuga Properties Ltd

Statement of Changes in Equity for the Period from 1 February 2025 to 31 March 2026

	Share capital £	Non-distributable reserve £	Retained earnings £	Total £
At 1 February 2025	100	160,963	5,903	166,966
Profit for the period	-	-	22,297	22,297
Transfers	-	(70,284)	-	(70,284)
Other movements on reserves	-	19,062	-	19,062
At 31 March 2026	100	109,741	28,200	138,041

	Share capital £	Non-distributable reserve £	Retained earnings £	Total £
At 1 February 2024	100	173,841	4,978	178,919
Profit for the period	-	-	20,925	20,925
Dividends	-	-	(20,000)	(20,000)
Other movements on reserves	-	(12,878)	-	(12,878)
At 31 January 2025	100	160,963	5,903	166,966

Kuga Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Station House
Station Road
Rugeley
Staffordshire
WS15 3HA
United Kingdom

These financial statements were authorised for issue by the Board on 3 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Kuga Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 March 2026

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

The director considers that the market value of its investment property has not materially changed at the year end.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2025 - 2).

4	Investment properties

	2026 £
At 1 February	650,000
Disposals	(175,000)
At 31 March	475,000

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The director considers that the market value of its investment property has not materially changed at the year end.

Kuga Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 March 2026

There has been no valuation of investment property by an independent valuer.

5	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

6

Dividends

		2026		2025
		£		£
Final dividend of £Nil (2025 - £200.00) per ordinary share		-		20,000

7	Related party transactions

Kuga Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2025 to 31 March 2026

Directors' remuneration

The directors' remuneration for the period was as follows:

	2026 £	2025 £
Contributions paid to money purchase schemes	75,000	-