REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
FOR |
KIRK INVESTMENTS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
FOR |
KIRK INVESTMENTS LIMITED |
KIRK INVESTMENTS LIMITED (REGISTERED NUMBER: 04157523) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
KIRK INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
10 Nicholas Street |
Chester |
CH1 2NX |
BANKERS: |
City Office |
4 Dale Street |
Liverpool |
L69 2BZ |
KIRK INVESTMENTS LIMITED (REGISTERED NUMBER: 04157523) |
BALANCE SHEET |
31ST MARCH 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Other reserves |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
KIRK INVESTMENTS LIMITED (REGISTERED NUMBER: 04157523) |
BALANCE SHEET - continued |
31ST MARCH 2024 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
KIRK INVESTMENTS LIMITED (REGISTERED NUMBER: 04157523) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2024 |
1. | STATUTORY INFORMATION |
Kirk Investments Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Fixtures and fittings | - |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 include some held for more than one year and some held for less than one year and, due to the difficulty of distinguishing between the investments, all investments are shown as fixed assets at the lower cost and fair value. The market value of investments is shown as a note to the financial statements. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
KIRK INVESTMENTS LIMITED (REGISTERED NUMBER: 04157523) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST |
At 1st April 2023 |
Additions |
At 31st March 2024 |
DEPRECIATION |
At 1st April 2023 |
Charge for year |
At 31st March 2024 |
NET BOOK VALUE |
At 31st March 2024 |
At 31st March 2023 |
5. | FIXED ASSET INVESTMENTS |
Listed | Unlisted |
investments | investments | Totals |
£ | £ | £ |
COST |
At 1st April 2023 | 4,365,277 |
Additions | 1,847,533 |
Disposals | ( |
) | (1,847,978 | ) |
At 31st March 2024 | 4,364,832 |
PROVISIONS |
At 1st April 2023 | 93,000 | 5,000 | 98,000 |
Provision for year | - | 99,097 | 99,097 |
At 31st March 2024 | 93,000 | 104,097 | 197,097 |
NET BOOK VALUE |
At 31st March 2024 | 4,167,735 |
At 31st March 2023 | 4,267,277 |
Market value of listed investments at 31st March 2024 - £ 7,168,957 (2023 - £ 5,851,417 ). |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Trade debtors - loan interest |
Trade debtors - loan capital | 675,000 | 851,000 |
Other debtors |
Prepayments |
KIRK INVESTMENTS LIMITED (REGISTERED NUMBER: 04157523) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.24 | 31.3.23 |
£ | £ |
Tax |
Social security and other taxes | ( |
) |
Other creditors |
Net wages control account | (630 | ) | - |
Accruals and deferred income |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.3.24 | 31.3.23 |
value: | £ | £ |
Ordinary | £1 | 61,460 | 61,460 |
9. | OTHER FINANCIAL COMMITMENTS |
Listed investments at a cost of £167,440 (2023: £167,440) have been used as security for an unlisted investment. |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year the company made loans in the normal course of business and at commercial rates of 5.5% and 6.25%, repayable on demand to the following directors: |
S.L.Corlett £100,000 (2023: £150,000) |
P.J. Isherwood £250,000 (2023: £250,000) |
The company also made loans in the normal course of business and at a commercial rate of 5.5% and 6.25%, repayable on demand to Linghams Booksellers, £250,000 (2023: £250,000) a business controlled by I.L.Corlett, a director. |