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REGISTERED NUMBER: 02700593 (England and Wales)






















Kirkella Mansions Limited

Unaudited Financial Statements for the Year Ended 31st March 2024






Kirkella Mansions Limited (Registered number: 02700593)






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


Kirkella Mansions Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: J A Donnelly
Mrs Y Donnelly





REGISTERED OFFICE: 6 Church Lane
Kirk Ella
Hull
East Yorkshire
HU10 7TG





REGISTERED NUMBER: 02700593 (England and Wales)





ACCOUNTANTS: Smailes Goldie
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

Kirkella Mansions Limited (Registered number: 02700593)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 658,853 685,098
658,853 685,098

CURRENT ASSETS
Debtors 6 441,681 437,201
Cash at bank and in hand 55,603 6,464
497,284 443,665
CREDITORS
Amounts falling due within one year 7 187,766 154,044
NET CURRENT ASSETS 309,518 289,621
TOTAL ASSETS LESS CURRENT
LIABILITIES

968,371

974,719

CREDITORS
Amounts falling due after more than one
year

8

(178,158

)

(235,076

)

PROVISIONS FOR LIABILITIES (2,086 ) (1,990 )

ACCRUALS AND DEFERRED INCOME (10,509 ) (13,786 )
NET ASSETS 777,618 723,867

CAPITAL AND RESERVES
Called up share capital 10 1,002 1,002
Revaluation reserve 11 422,255 432,309
Retained earnings 354,361 290,556
SHAREHOLDERS' FUNDS 777,618 723,867

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

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

Kirkella Mansions Limited (Registered number: 02700593)

Balance Sheet - continued
31st 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 28th November 2024 and were signed on its behalf by:





J A Donnelly - Director


Kirkella Mansions Limited (Registered number: 02700593)

Notes to the Financial Statements
for the year ended 31st March 2024

1. STATUTORY INFORMATION

Kirkella Mansions 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
Turnover represents net invoiced sales, excluding value added tax, for services provided during the year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1992, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 15% 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Kirkella Mansions Limited (Registered number: 02700593)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 25 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 65,000
AMORTISATION
At 1st April 2023
and 31st March 2024 65,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 1,028,239 201,062 1,229,301
Additions - 2,743 2,743
At 31st March 2024 1,028,239 203,805 1,232,044
DEPRECIATION
At 1st April 2023 372,193 172,010 544,203
Charge for year 20,565 8,423 28,988
At 31st March 2024 392,758 180,433 573,191
NET BOOK VALUE
At 31st March 2024 635,481 23,372 658,853
At 31st March 2023 656,046 29,052 685,098

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,080 41,302
Amounts owed by group undertakings 384,019 384,019
Other debtors 9,582 11,880
441,681 437,201

Kirkella Mansions Limited (Registered number: 02700593)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 70,342 68,587
Trade creditors 14,043 16,160
Taxation and social security 51,705 20,613
Other creditors 51,676 48,684
187,766 154,044

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 178,158 235,076

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 18,137

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 248,500 303,663

The bank loans are secured on the company's freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
334 A Ordinary 1 334 334
334 B Ordinary 1 334 334
334 C Ordinary 1 334 334
1,002 1,002

11. RESERVES
Revaluation
reserve
£   
At 1st April 2023 432,309
Revaluation of L&B (10,054 )

At 31st March 2024 422,255

Kirkella Mansions Limited (Registered number: 02700593)

Notes to the Financial Statements - continued
for the year ended 31st March 2024

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Donnelly Care Homes Limited.