1 February 2023 false No description of principal activity Taxfiler 2024.5 13140042business:PrivateLimitedCompanyLtd2023-02-012024-01-31 131400422023-01-31 131400422023-02-012024-01-31 13140042business:AuditExempt-NoAccountantsReport2023-02-012024-01-31 13140042business:FilletedAccounts2023-02-012024-01-31 131400422024-01-31 13140042business:Director12023-02-012024-01-31 13140042business:Director22023-02-012024-01-31 13140042business:RegisteredOffice2023-02-012024-01-31 131400422023-01-31 13140042core:WithinOneYear2024-01-31 13140042core:WithinOneYear2023-01-31 13140042core:AfterOneYear2024-01-31 13140042core:AfterOneYear2023-01-31 13140042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13140042core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13140042core:PreviouslyStatedAmount2024-01-31 13140042core:PreviouslyStatedAmount2023-01-31 13140042business:SmallEntities2023-02-012024-01-31 13140042countries:EnglandWales2023-02-012024-01-31 13140042core:LandBuildings2023-02-012024-01-31 13140042core:LandBuildings2023-01-31 13140042core:LandBuildings2024-01-31 131400422022-02-012023-01-31 iso4217:GBP xbrli:pure
Killy Developments Ltd Unaudited accounts Contents
Page
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Killy Developments Ltd Company Information for the year ended 31 January 2024
Directors
Mark Eccles Claire Stephens
Company Number
13140042 (England and Wales)
Registered Office
2 Cathebedron Road Carnhell Green Camborne Cornwall TR14 0NB England
Accountants
Forth Accountancy The Ground Floor Office 5 Market Square Mevagissey ST. AUSTELL Cornwall PL26 6UD
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Killy Developments Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
308,009 
Investment property
530,378 
- 
530,378 
308,009 
Current assets
Debtors
306 
1,393 
Cash at bank and in hand
2,050 
48,535 
2,356 
49,928 
Creditors: amounts falling due within one year
(404,328)
(389,060)
Net current liabilities
(401,972)
(339,132)
Total assets less current liabilities
128,406 
(31,123)
Creditors: amounts falling due after more than one year
(180,000)
- 
Net liabilities
(51,594)
(31,123)
Capital and reserves
Profit and loss account
(51,594)
(31,123)
Shareholders' funds
(51,594)
(31,123)
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by
Mark Eccles Director Company Registration No. 13140042
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Killy Developments Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Killy Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 13140042. The registered office is 2 Cathebedron Road, Carnhell Green, Camborne, Cornwall, TR14 0NB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 January 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 February 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0
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Killy Developments Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 February 2023
308,009 
Transfer to investment property
(308,009)
At 31 January 2024
- 
Depreciation
At 31 January 2024
- 
Net book value
At 31 January 2024
- 
At 31 January 2023
308,009 
5
Investment property
2024 
£ 
Additions
222,369 
Transfers from tangible fixed assets
308,009 
At 31 January 2024
530,378 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,393 
Accrued income and prepayments
306 
- 
306 
1,393 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
14,533 
- 
Taxes and social security
- 
2,110 
Other creditors
72,685 
70,500 
Loans from directors
316,450 
316,450 
Accruals
660 
- 
404,328 
389,060 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
180,000 
- 
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Killy Developments Ltd Notes to the Accounts for the year ended 31 January 2024
9
Transactions with related parties
During the year Killy Developments engaged the services of Celtic Improvements Limited to undertake development work on the property, Celtic Improvements Limited is owned by Mark Eccles, the Director of Killy Developments Limited. All transactions were at a market value rate. The total value invoices for the year to 31 January 2023 was £222k (£15,684 owing at year end) As at 31 January 2023 there was an intercompany loan balance of £2,185 being owed by Killy Developments to Celtic Improvements (2022 nil)
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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