Registered number
12102616
Kirkfield Properties Ltd
Filleted Accounts
31 July 2024
Kirkfield Properties Ltd
Registered number: 12102616
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 447,388 449,235
Current assets
Cash at bank and in hand 11,141 7,568
Creditors: amounts falling due within one year 4 (395,661) (400,401)
Net current liabilities (384,520) (392,833)
Net assets 62,868 56,402
Capital and reserves
Called up share capital 100 100
Revaluation reserve 5 98,241 98,241
Profit and loss account (35,473) (41,939)
Shareholders' funds 62,868 56,402
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Newton
Director
Approved by the board on 2 August 2024
Kirkfield Properties Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Held at market value
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 440,000 18,709 458,709
At 31 July 2024 440,000 18,709 458,709
Depreciation
At 1 August 2023 - 9,474 9,474
Charge for the year - 1,847 1,847
At 31 July 2024 - 11,321 11,321
Net book value
At 31 July 2024 440,000 7,388 447,388
At 31 July 2023 440,000 9,235 449,235
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 253,625 255,227
Other creditors 142,036 145,174
395,661 400,401
5 Revaluation reserve 2024 2023
£ £
At 1 August 2023 98,241 78,241
Gain on revaluation of land and buildings - 20,000
At 31 July 2024 98,241 98,241
6 Other information
Kirkfield Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23 Kirkfields
Baildon
Shipley
BD17 6HY
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