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ILKLEY DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






ILKLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04701097)

Contents of the Financial Statements
for the Year Ended 31 March 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6

Chartered Accountants' Report 7

ILKLEY DEVELOPMENTS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Kehoe
A T Kehoe
L Kehoe
A A Kehoe
M K Kehoe



REGISTERED OFFICE: 4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



REGISTERED NUMBER: 04701097 (England and Wales)



ACCOUNTANTS: Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH



BANKERS: Virgin Money
32 Town Street
Horseforth
Leeds
West Yorkshire
LS18 4RJ

ILKLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04701097)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,487,913 2,041,062

CURRENT ASSETS
Debtors 5 377,611 103,495
Cash at bank and in hand 25,573 312,962
403,184 416,457
CREDITORS
Amounts falling due within one year 6 134,118 120,282
NET CURRENT ASSETS 269,066 296,175
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,756,979

2,337,237

CREDITORS
Amounts falling due after more than one
year

7

(2,321,415

)

(2,000,000

)

PROVISIONS FOR LIABILITIES (4,204 ) (4,204 )
NET ASSETS 431,360 333,033

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 9 430,360 332,033
SHAREHOLDERS' FUNDS 431,360 333,033

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ILKLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04701097)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by:





M Kehoe - Director


ILKLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04701097)

Notes to the Financial Statements
for the Year Ended 31 March 2024


1. STATUTORY INFORMATION

Ilkley Developments 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.

Turnover
The turnover represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 5 (2023 - 5 ) .

ILKLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04701097)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 2,027,906 39,118 2,550 2,069,574
Additions 438,198 13,200 - 451,398
At 31 March 2024 2,466,104 52,318 2,550 2,520,972
DEPRECIATION
At 1 April 2023 - 27,662 850 28,512
Charge for year - 3,698 849 4,547
At 31 March 2024 - 31,360 1,699 33,059
NET BOOK VALUE
At 31 March 2024 2,466,104 20,958 851 2,487,913
At 31 March 2023 2,027,906 11,456 1,700 2,041,062

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 3,240
Clayton Homes Ltd 377,611 80,000
Inter company - 20,255
377,611 103,495

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 1 -
Dividends payable 40,000 40,000
Tax 45,521 34,838
Directors' loan accounts 19,395 19,319
Accrued expenses 29,201 26,125
134,118 120,282

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Ilkley Care Associates Ltd 800,000 500,000
MTM Enterprises Limited 81,415 -
Loan account 1,440,000 1,500,000
2,321,415 2,000,000

ILKLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04701097)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
600 Ordinary A shares £1 600 600
300 Ordinary B shares £1 300 300
100 Ordinary C shares £1 100 100
1,000 1,000

9. RESERVES
Retained
earnings
£   

At 1 April 2023 332,033
Profit for the year 98,327
At 31 March 2024 430,360

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ilkley Developments 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 Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ilkley Developments Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ilkley Developments Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2003. Our work has been undertaken solely to prepare for your approval the financial statements of Ilkley Developments Limited and state those matters that we have agreed to state to the Board of Directors of Ilkley Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ilkley Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ilkley Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ilkley Developments Limited. You consider that Ilkley Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ilkley Developments Limited. 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 statutory financial statements.






Botros & Co
Chartered Accountants
4 Northwest Business Park
Servia Hill
Leeds
West Yorkshire
LS6 2QH


10 October 2024