Acorah Software Products - Accounts Production 14.6.300 false true true 31 December 2022 1 September 2021 false 1 January 2023 31 December 2023 31 December 2023 10129786 Mr Nathan Winch Winch & Co Capital Ltd 46 Park Place, Leeds, LS1 2RY true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10129786 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2023-12-31 10129786 2022-12-31 10129786 2023-12-31 10129786 2023-01-01 2023-12-31 10129786 frs-core:CurrentFinancialInstruments 2023-12-31 10129786 frs-core:Non-currentFinancialInstruments 2023-12-31 10129786 frs-core:FurnitureFittings 2023-12-31 10129786 frs-core:FurnitureFittings 2023-01-01 2023-12-31 10129786 frs-core:FurnitureFittings 2022-12-31 10129786 frs-core:InvestmentPropertyIncludedWithinPPE 2023-12-31 10129786 frs-core:InvestmentPropertyIncludedWithinPPE 2023-01-01 2023-12-31 10129786 frs-core:InvestmentPropertyIncludedWithinPPE 2022-12-31 10129786 frs-core:PlantMachinery 2023-12-31 10129786 frs-core:PlantMachinery 2023-01-01 2023-12-31 10129786 frs-core:PlantMachinery 2022-12-31 10129786 frs-core:RevaluationReserve 2023-01-01 2023-12-31 10129786 frs-core:RevaluationReserve 2022-12-31 10129786 frs-core:RevaluationReserve 2023-12-31 10129786 frs-core:SharePremium 2023-12-31 10129786 frs-core:ShareCapital 2023-12-31 10129786 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 10129786 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10129786 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 10129786 frs-bus:SmallEntities 2023-01-01 2023-12-31 10129786 frs-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 10129786 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 10129786 1 2023-01-01 2023-12-31 10129786 frs-bus:Director1 2023-01-01 2023-12-31 10129786 frs-countries:EnglandWales 2023-01-01 2023-12-31 10129786 frs-core:Non-currentFinancialInstruments frs-core:MoreThanFiveYears 2022-12-31 10129786 2021-08-31 10129786 2022-12-31 10129786 2021-09-01 2022-12-31 10129786 frs-core:CurrentFinancialInstruments 2022-12-31 10129786 frs-core:Non-currentFinancialInstruments 2022-12-31 10129786 frs-core:RevaluationReserve 2022-12-31 10129786 frs-core:SharePremium 2022-12-31 10129786 frs-core:ShareCapital 2022-12-31 10129786 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 10129786
Kaylock Estates Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2023
Elementary Accountancy Services Limited
Contents
Page
Accountants' Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Accountants' Report
Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Kaylock Estates Ltd for the year ended 31 December 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kaylock Estates Ltd for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the director of Kaylock Estates Ltd , as a body, in accordance with the terms of our engagement letter dated 26 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Kaylock Estates Ltd and state those matters that we have agreed to state to the director of Kaylock Estates Ltd , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kaylock Estates Ltd and its director, as a body, for our work or for this report.
It is your duty to ensure that Kaylock Estates Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Kaylock Estates Ltd . You consider that Kaylock Estates Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of Kaylock Estates Ltd . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
23/09/2024
Elementary Accountancy Services Limited
36 Dearne Hall Lane
Barnsley
S751FX
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Page 2
Balance Sheet
Registered number: 10129786
31 December 2023 31 December 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 319,083 300,229
319,083 300,229
CURRENT ASSETS
Debtors 5 28,128 65,002
Cash at bank and in hand 364 202
28,492 65,204
Creditors: Amounts Falling Due Within One Year 6 (262,943 ) (284,844 )
NET CURRENT ASSETS (LIABILITIES) (234,451 ) (219,640 )
TOTAL ASSETS LESS CURRENT LIABILITIES 84,632 80,589
Creditors: Amounts Falling Due After More Than One Year 7 (20,477 ) (22,067 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (13,875 ) (7,135 )
NET ASSETS 50,280 51,387
CAPITAL AND RESERVES
Called up share capital 10 103 3
Share premium account 55,898 20,998
Revaluation reserve 11 53,411 28,540
Profit and Loss Account (59,132 ) 1,846
SHAREHOLDERS' FUNDS 50,280 51,387
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Page 3
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Nathan Winch
Director
23/09/2024
The notes on pages 4 to 7 form part of these financial statements.
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Page 4
Notes to the Financial Statements
1. General Information
Kaylock Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10129786 . The registered office is 46 Park Place , Leeds , LS1 2RY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Despite the company’s net current liabilities position, the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. This is due to short term borrowing used to purchase fixed assets, the company has net assets overall. The company currently has a short-term bridging loan which the Director is actively looking to refinance to a long term financing option such as a mortgage which would improve the position considerably. 
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances. Turnover is recognised when the services have been delivered. 
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Fixtures & Fittings 25% Straight Line
2.5. Investment Properties
All investment properties are carried at fair value determined by either a profesional valuation carried out by a qualified profesional surveyor or the directors estimate. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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2.7. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 3)
1 3
4. Tangible Assets
Investment Properties Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 January 2023 292,126 3,059 16,816 312,001
Additions - 12,600 - 12,600
Disposals - (15,659 ) - (15,659 )
Revaluation 24,872 - - 24,872
As at 31 December 2023 316,998 - 16,816 333,814
Depreciation
As at 1 January 2023 - 765 11,007 11,772
Provided during the period - - 3,724 3,724
Disposals - (765 ) - (765 )
As at 31 December 2023 - - 14,731 14,731
Net Book Value
As at 31 December 2023 316,998 - 2,085 319,083
As at 1 January 2023 292,126 2,294 5,809 300,229
During this financial year, investment properties have either been professionally revalued by qualified chartered surveyors, or revalued by the director using current market conditions and his knowledge of the market. The chartered surveyors used were: Countrtywide Surveyors, 2 Boundry Court, Willow Farm Business Park, Castle Donnington.
5. Debtors
31 December 2023 31 December 2022
£ £
Due within one year
Trade debtors 35 35
Prepayments and accrued income 1,710 26,407
Other debtors 6 6
Amounts owed by group undertakings 26,377 38,554
28,128 65,002
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6. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 December 2022
£ £
Trade creditors 3,950 -
Bank loans and overdrafts 216,900 216,882
Accruals and deferred income 236 -
Amounts owed to group undertakings - 24,687
Amounts owed to parent undertaking 41,857 43,275
262,943 284,844
7. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 December 2022
£ £
Bank loans 20,477 22,067
Of the creditors falling due after more than one year the following amounts are due after more than five years.
31 December 2023 31 December 2022
£ £
Bank loans 5,621 8,724
8. Secured Creditors
Of the creditors the following amounts are secured.
31 December 2023 31 December 2022
£ £
Bank loans and overdrafts 213,750 213,750
9. Deferred Taxation
There are tax losses carried forward of £34,118 (2022: £7,363). These have not been provided for as there cannot be certainty of future relief. 
The provision for deferred tax relates to the fair value gain on property investment and is made up as follows:
31 December 2023 31 December 2022
£ £
Other timing differences 13,875 7,135
10. Share Capital
31 December 2023 31 December 2022
£ £
Allotted, Called up and fully paid 103 3
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11. Reserves
Revaluation Reserve
£
As at 1 January 2023 28,540
Net investment property revaluation reserve 24,871
As at 31 December 2023 53,411
12. Related Party Transactions
Sales included services provided to other entities which were under the same control as this entity totalling £760 (2022: £78,640). 
An amount of £26,377 (2022: £38,554) is owed by entities under the same control as this entity. These are considered repayable on demand and attarct no interest. 
An amount of £41,857 (2022: £16,251) is owed to entities under the same control as this entity. These are considered repayable on demand and attarct no interest. 
13. Ultimate Parent Undertaking and Controlling Party
The company's ultimate parent undertaking is Winch & Co Capital Ltd . Winch & Co Capital Ltd was incorporated in England.The registered office of Winch & Co Capital Ltd is 46 Park Place, Leeds, LS1 2RY
14. Off-Balance Sheet Arrangements
The company is entitled to recieve the following under lease commitments signed at the year end: 
Within one year: £Nil (2022: £6,135)
Over one year:   £Nil (2022: £3,325)
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