REGISTERED NUMBER: 14544576 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2025 TO 31 MARCH 2026

FOR

KDLC HOMES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

K L Kakalov

Mrs L Kakalova

REGISTERED OFFICE:

869 High Road

London

N12 8QA

REGISTERED NUMBER:

14544576 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

869 High Road

London

N12 8QA

FIXED ASSETS

Tangible assets

4

65,892

88,440

Investment property

5

25,605,000

23,425,000

25,670,892

23,513,440

CURRENT ASSETS

Debtors

6

2,454,506

17,086

Cash at bank

18,562

19,709

2,473,068

36,795

CREDITORS

Amounts falling due within one year

7

2,978,608

873,304

NET CURRENT LIABILITIES

(505,540

)

(836,509

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,165,352

22,676,931

CREDITORS

Amounts falling due after more than one year

8

12,572,786

10,165,666

NET ASSETS

12,592,566

12,511,265

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Share premium

12,583,962

12,583,962

Retained earnings

7,604

(73,697

)

12,592,566

12,511,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by:

K L Kakalov - Director

1.	STATUTORY INFORMATION

KDLC Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

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

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

and 31 March 2026

4,035

114,222

999

119,256

DEPRECIATION

At 1 January 2025

1,629

28,937

250

30,816

Charge for period

993

21,321

234

22,548

At 31 March 2026

2,622

50,258

484

53,364

NET BOOK VALUE

At 31 March 2026

1,413

63,964

515

65,892

At 31 December 2024

2,406

85,285

749

88,440

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

23,425,000

Additions

2,180,000

At 31 March 2026

25,605,000

NET BOOK VALUE

At 31 March 2026

25,605,000

At 31 December 2024

23,425,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Amounts owed by associates

2,440,256

1,669

Other debtors

14,250

15,417

2,454,506

17,086

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Hire purchase contracts

64,923

13,094

Trade creditors

-

4,416

Amounts owed to associates

-

143

Taxation and social security

16,742

2,621

Other creditors

2,896,943

853,030

2,978,608

873,304

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2024

£

£

Bank loans

12,572,786

10,100,700

Hire purchase contracts

-

64,966

12,572,786

10,165,666

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans due in more than

five years

12,572,786

10,100,700

12,572,786

10,100,700

9.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2024

£

£

Bank loans

12,572,786

10,100,700

The loan is secured by way of floating legal charge on the investment properties held by the company.

10.	RELATED PARTY DISCLOSURES

Included in creditors amounts falling due within one year, is an interest free amount of £977,835 (2024: £842,006 due to the directors of the company..