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REGISTERED NUMBER: 00279939 (England and Wales)















WILLIAM KAYLEY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible fixed assets 4 52 115
Investment property 5 4,180,000 7,400,000
4,180,052 7,400,115

CURRENT ASSETS
Debtors 6 10,011,933 7,742,340
Cash at bank and in hand 62,936 142,311
10,074,869 7,884,651
CREDITORS
Amounts falling due within one year 7 3,613,935 4,703,801
NET CURRENT ASSETS 6,460,934 3,180,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,640,986

10,580,965

PROVISIONS FOR LIABILITIES 8 123,569 68,409
NET ASSETS 10,517,417 10,512,556

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 1,019,002 1,647,335
Retained earnings 9 9,497,415 8,864,221
SHAREHOLDERS' FUNDS 10,517,417 10,512,556

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.

WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





W W Kayley - Director


WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

William Kayley Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00279939

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

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 as modified by the revaluation of certain assets.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents rents receivable and related income, exclusive of value added tax.

Tangible fixed assets
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures, fittings and equipment- 15% on cost

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.

WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Investments
Investments are stated at the lower of cost and net realisable value.

Going concern
Based on current trading and future expectations, the directors are confident the company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment.

WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 5 ).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 266
DEPRECIATION
At 1 April 2023 151
Charge for year 63
At 31 March 2024 214
NET BOOK VALUE
At 31 March 2024 52
At 31 March 2023 115


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 7,400,000
Disposals (2,591,667 )
Revaluations (628,333 )
At 31 March 2024 4,180,000
NET BOOK VALUE
At 31 March 2024 4,180,000
At 31 March 2023 7,400,000

The investment properties are valued annually on an open market basis by the directors who, though not professionally qualified, have considerable knowledge of the market in which the company operates.

The historical cost of the properties is £3,160,997 (2023: £5,752,665)

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 4,180,000

WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 10,011,933 7,717,484
Prepayments - 24,856
10,011,933 7,742,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 25,014
Amounts owed to group undertakings 1,018,710 1,018,710
Corporation tax 37,048 28,944
Social security and other taxes 2,749 4,536
VAT 3,110 21,380
Other creditors 2,499,409 3,499,409
Accruals and deferred income 52,909 105,808
3,613,935 4,703,801

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 123,569 68,409

Deferred
tax
£   
Balance at 1 April 2023 68,409
Charge to Profit and Loss Account during year 55,160
Balance at 31 March 2024 123,569

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 8,864,221 1,647,335 10,511,556
Profit for the year 51,316 - 51,316
Dividends (46,455 ) - (46,455 )
Reduction re sale of property 708,333 (708,333 ) -
Transfer on asset revaluation (80,000 ) 80,000 -
At 31 March 2024 9,497,415 1,019,002 10,516,417

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

WILLIAM KAYLEY LIMITED (REGISTERED NUMBER: 00279939)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. ULTIMATE CONTROLLING PARTY

The company's immediate parent company is Periodbond Limited.