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REGISTERED NUMBER: 07067165 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2023

for

K & N Retail Limited

K & N Retail Limited (Registered number: 07067165)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Report of the Accountants 8

K & N Retail Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mr K R Widdrington
Mrs S L Widdrington





REGISTERED OFFICE: 10 Oak Tree Close
Strensall
York
YO32 5TE





REGISTERED NUMBER: 07067165 (England and Wales)





ACCOUNTANTS: PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR

K & N Retail Limited (Registered number: 07067165)

Report of the Directors
for the Year Ended 30 September 2023

The directors present their report with the financial statements of the company for the year ended 30 September 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of commercial property landlords.

DIRECTORS
The directors during the year under review were:

Mr K R Widdrington
Mrs S L Widdrington

The beneficial interests of the directors holding office on 30 September 2023 in the issued share capital of the company were as follows:
30.9.23 1.10.22
Ordinary A £1 shares

Mr K R Widdrington 100 100
Mrs S L Widdrington - -

Ordinary B £1 shares

Mr K R Widdrington - -
Mrs S L Widdrington 100 100

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr K R Widdrington - Director


15 April 2024

K & N Retail Limited (Registered number: 07067165)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,991 9,991
Tangible assets 5 25,594 124,228
Investment property 6 1,531,494 1,441,925
1,567,079 1,576,144

CURRENT ASSETS
Debtors 7 64,971 64,971
Investments 8 582,400 582,400
Cash at bank 171,189 406,619
818,560 1,053,990
CREDITORS
Amounts falling due within one year 9 112,844 53,499
NET CURRENT ASSETS 705,716 1,000,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,272,795

2,576,635

CREDITORS
Amounts falling due after more than one
year

10

-

285,331
NET ASSETS 2,272,795 2,291,304

CAPITAL AND RESERVES
Called up share capital 11 200 200
Retained earnings 2,272,595 2,291,104
SHAREHOLDERS' FUNDS 2,272,795 2,291,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

K & N Retail Limited (Registered number: 07067165)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:




Mr K R Widdrington - Director



Mrs S L Widdrington - Director


K & N Retail Limited (Registered number: 07067165)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

K & N Retail 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

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 - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 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 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 October 2022
and 30 September 2023 9,991
NET BOOK VALUE
At 30 September 2023 9,991
At 30 September 2022 9,991

K & N Retail Limited (Registered number: 07067165)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 October 2022 93,364 20,357 7,214 49,000 169,935
Additions (93,364 ) - - - (93,364 )
At 30 September 2023 - 20,357 7,214 49,000 76,571
DEPRECIATION
At 1 October 2022 3,795 15,557 7,214 19,141 45,707
Charge for year (3,795 ) 1,600 - 7,465 5,270
At 30 September 2023 - 17,157 7,214 26,606 50,977
NET BOOK VALUE
At 30 September 2023 - 3,200 - 22,394 25,594
At 30 September 2022 89,569 4,800 - 29,859 124,228

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 1,441,925
Revaluations 89,569
At 30 September 2023 1,531,494
NET BOOK VALUE
At 30 September 2023 1,531,494
At 30 September 2022 1,441,925

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2023 1,531,494

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

30.9.23 30.9.22
£    £   
Cost 905,960 905,960
Aggregate depreciation 228,690 182,952

The investment property was valued on an open market basis on 30 September 2023 by the Directors .

K & N Retail Limited (Registered number: 07067165)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 11,700 11,700
Loan to Helmsley Group 53,271 53,271
64,971 64,971

8. CURRENT ASSET INVESTMENTS
30.9.23 30.9.22
£    £   
Investments & Loans
in other businesses 582,400 582,400
582,400 582,400

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 36,274
Creditors 45 45
Corporation Tax 4,820 11,591
VAT 2,172 3,914
Directors' loan accounts 105,192 1,080
Accrued expenses 615 595
112,844 53,499

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans more 5 yr by instal - 285,331

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 285,331

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

K & N Retail Limited

Report of the Accountants to the Directors of
K & N Retail Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2023 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR


15 April 2024