IRIS Accounts Production v23.4.0.336 13462644 director 1.7.23 30.6.24 30.6.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134626442023-06-30134626442024-06-30134626442023-07-012024-06-30134626442022-06-30134626442022-07-012023-06-30134626442023-06-3013462644ns15:EnglandWales2023-07-012024-06-3013462644ns14:PoundSterling2023-07-012024-06-3013462644ns10:Director12023-07-012024-06-3013462644ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3013462644ns10:SmallEntities2023-07-012024-06-3013462644ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3013462644ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3013462644ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3013462644ns10:FullAccounts2023-07-012024-06-3013462644ns10:RegisteredOffice2023-07-012024-06-3013462644ns5:CurrentFinancialInstruments2024-06-3013462644ns5:CurrentFinancialInstruments2023-06-3013462644ns5:Non-currentFinancialInstruments2024-06-3013462644ns5:Non-currentFinancialInstruments2023-06-3013462644ns5:ShareCapital2024-06-3013462644ns5:ShareCapital2023-06-3013462644ns5:RetainedEarningsAccumulatedLosses2024-06-3013462644ns5:RetainedEarningsAccumulatedLosses2023-06-3013462644ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3013462644ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3013462644ns5:CurrentFinancialInstruments2023-07-012024-06-3013462644ns5:Non-currentFinancialInstruments2023-07-012024-06-30
REGISTERED NUMBER: 13462644 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

Kellys Estates Limited

Kellys Estates Limited (Registered number: 13462644)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kellys Estates Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: A Cornford





REGISTERED OFFICE: 110 Whitchurch Road
Cardiff
CF14 3LY





REGISTERED NUMBER: 13462644 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Kellys Estates Limited (Registered number: 13462644)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 757,664 757,664

CURRENT ASSETS
Debtors 5 15,546 17,685
Cash at bank 4,052 1,352
19,598 19,037
CREDITORS
Amounts falling due within one year 6 5,994 13,545
NET CURRENT ASSETS 13,604 5,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

771,268

763,156

CREDITORS
Amounts falling due after more than one
year

7

791,454

776,905
NET LIABILITIES (20,186 ) (13,749 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (20,286 ) (13,849 )
SHAREHOLDERS' FUNDS (20,186 ) (13,749 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Kellys Estates Limited (Registered number: 13462644)

Balance Sheet - continued
30 June 2024


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 12 September 2024 and were signed by:





A Cornford - Director


Kellys Estates Limited (Registered number: 13462644)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kellys Estates 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.

The accounts show a loss for the year and an excess of liabilities over assets. They have been prepared on a going concern basis and make no provision for any additional costs that might fall due if this were found to be inappropriate. Having regard to future income streams and with the support of major creditors the director is of the opinion that the going concept basis is entirely appropriate.

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

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 year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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 year was NIL (2023 - NIL).

Kellys Estates Limited (Registered number: 13462644)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 757,664
NET BOOK VALUE
At 30 June 2024 757,664
At 30 June 2023 757,664

The amount at which Investment Property is stated in the accounts is at cost which in the opinion of the director represents the fair value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 15,546 17,685

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,001 1,001
Taxation and social security - 9,689
Other creditors 4,993 2,855
5,994 13,545



7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 791,454 776,905

Other creditors includes an amount of £364,325 due to a company under common control in respect of which no fixed repayment terms have been agreed and which is interest free. The balance of other creditors relates to interest only mortgages secured by fixed charge over the Investment property of the company.

8. ULTIMATE CONTROLLING PARTY

The controlling party is A Cornford.

The Ultimate Controlling Party for the company is Alexandra Cornford who is also the director and shareholder.