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REGISTERED NUMBER: 07151871 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

KILLEARN INVESTMENTS LIMITED

KILLEARN INVESTMENTS LIMITED (REGISTERED NUMBER: 07151871)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILLEARN INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: M L McKillop





REGISTERED OFFICE: Flat 3 Vantage Point
4A Queens Road
Cowes
Isle of Wight
PO31 8BY





REGISTERED NUMBER: 07151871 (England and Wales)





ACCOUNTANTS: Bannerman Johnstone Maclay
213 St Vincent Street
Glasgow
G2 5QY

KILLEARN INVESTMENTS LIMITED (REGISTERED NUMBER: 07151871)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 372,440 357,940
Investment property 6 623,470 623,470
995,910 981,410

CURRENT ASSETS
Debtors 7 15,881 10,350
Cash at bank 2,925 13,835
18,806 24,185
CREDITORS
Amounts falling due within one year 8 56,696 43,900
NET CURRENT LIABILITIES (37,890 ) (19,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,020

961,695

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 958,019 961,694
SHAREHOLDERS' FUNDS 958,020 961,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KILLEARN INVESTMENTS LIMITED (REGISTERED NUMBER: 07151871)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 28 November 2023 and were signed by:





M L McKillop - Director


KILLEARN INVESTMENTS LIMITED (REGISTERED NUMBER: 07151871)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Killearn Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,199
DEPRECIATION
At 1 April 2022
and 31 March 2023 1,199
NET BOOK VALUE
At 31 March 2023 -

5. FIXED ASSET INVESTMENTS

2023 2022
£    £   
Participating interests 1 1
Loans to undertakings in which the company
has a participating interest

372,439

357,939
372,440 357,940

KILLEARN INVESTMENTS LIMITED (REGISTERED NUMBER: 07151871)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Interest
in joint
venture
£   
COST
At 1 April 2022
and 31 March 2023 1
NET BOOK VALUE
At 31 March 2023 1
At 31 March 2022 1
Loans to
joint
ventures
£   
At 1 April 2022 357,939
New in year 14,500
At 31 March 2023 372,439

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 623,470
NET BOOK VALUE
At 31 March 2023 623,470
At 31 March 2022 623,470

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 15,881 10,350

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 3,429
Other creditors 56,696 40,471
56,696 43,900