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REGISTERED NUMBER: 11549247 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

KIRKSTONES INVESTMENT GROUP LIMITED

KIRKSTONES INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 11549247)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRKSTONES INVESTMENT GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: T J Loy
K L Loy
F A J Warhurst
H J E Loy
G W R Loy
S R M Loy
M A T H Loy





REGISTERED OFFICE: 34 Falsgrave Road
Scarborough
North Yorkshire
YO12 5AT





REGISTERED NUMBER: 11549247 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

KIRKSTONES INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 11549247)

BALANCE SHEET
31 DECEMBER 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,038 4,050
Investments 5 767,562 -
Investment property 6 1,955,000 1,168,615
2,725,600 1,172,665

CURRENT ASSETS
Debtors 7 1,110 840
Cash at bank 23,189 53,199
24,299 54,039
CREDITORS
Amounts falling due within one year 8 2,475,271 1,222,088
NET CURRENT LIABILITIES (2,450,972 ) (1,168,049 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,628

4,616

PROVISIONS FOR LIABILITIES 64,251 770
NET ASSETS 210,377 3,846

CAPITAL AND RESERVES
Called up share capital 9 70 70
Non distributable reserve 10 190,476 -
Retained earnings 19,831 3,776
SHAREHOLDERS' FUNDS 210,377 3,846

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

KIRKSTONES INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 11549247)

BALANCE SHEET - continued
31 DECEMBER 2021


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 12 September 2022 and were signed on its behalf by:




T J Loy - Director



K L Loy - Director


KIRKSTONES INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 11549247)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Kirkstones Investment Group 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 as modified by the revaluation of certain assets.

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 - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2020 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2021
and 31 December 2021 5,400
DEPRECIATION
At 1 January 2021 1,350
Charge for year 1,012
At 31 December 2021 2,362
NET BOOK VALUE
At 31 December 2021 3,038
At 31 December 2020 4,050

KIRKSTONES INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 11549247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 750,000
Revaluations 17,562
At 31 December 2021 767,562
NET BOOK VALUE
At 31 December 2021 767,562

Cost or valuation at 31 December 2021 is represented by:

Other
investments
£   
Valuation in 2021 17,562
Cost 750,000
767,562

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 1,168,615
Additions 532,417
Revaluations 253,968
At 31 December 2021 1,955,000
NET BOOK VALUE
At 31 December 2021 1,955,000
At 31 December 2020 1,168,615

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2021 253,968
Cost 1,701,032
1,955,000

If investment property had not been revalued 2021 would have been included at the following historical cost:

31.12.21 31.12.20
£    £   
Cost 1,701,032 1,168,615

Investment property was valued on an open market basis on 31 December 2021 by the directors .

KIRKSTONES INVESTMENT GROUP LIMITED (REGISTERED NUMBER: 11549247)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Other debtors 1,110 840

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Taxation and social security 2,833 -
Other creditors 2,472,438 1,222,088
2,475,271 1,222,088

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
10 A Ordinary £1 10 10
10 B Ordinary £1 10 10
10 C Ordinary £1 10 10
10 D Ordinary £1 10 10
10 E Ordinary £1 10 10
10 F Ordinary £1 10 10
10 G Ordinary £1 10 10
70 70

10. RESERVES
Non
distributable
reserve
£   
Revaluation in the year, net of deferred tax 190,476

At 31 December 2021 190,476