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REGISTERED NUMBER: 02358248 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KERRIER DEVELOPMENTS LIMITED

KERRIER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02358248)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERRIER DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: F P Rees
Mrs R J Rees





REGISTERED OFFICE: The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG





REGISTERED NUMBER: 02358248 (England and Wales)





ACCOUNTANTS: TC Group
The Old Carriage Works
Moresk Road
Truro
Cornwall
TR1 1DG

KERRIER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02358248)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 479 639
Investment property 5 1,720,000 1,470,000
1,720,479 1,470,639

CURRENT ASSETS
Debtors 6 426 128
Investments 7 637,885 573,001
Cash at bank 182,014 146,141
820,325 719,270
CREDITORS
Amounts falling due within one year 8 40,150 33,889
NET CURRENT ASSETS 780,175 685,381
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,500,654

2,156,020

PROVISIONS FOR LIABILITIES 110,200 62,700
NET ASSETS 2,390,454 2,093,320

CAPITAL AND RESERVES
Called up share capital 7,100 7,100
Fair value reserve 9 912,918 649,460
Retained earnings 1,470,436 1,436,760
SHAREHOLDERS' FUNDS 2,390,454 2,093,320

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

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

KERRIER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02358248)

BALANCE SHEET - continued
31 AUGUST 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:




Mrs R J Rees - Director



F P Rees - Director


KERRIER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02358248)

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

1. STATUTORY INFORMATION

Kerrier 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

KERRIER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02358248)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 799
DEPRECIATION
At 1 September 2023 160
Charge for year 160
At 31 August 2024 320
NET BOOK VALUE
At 31 August 2024 479
At 31 August 2023 639

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023 1,470,000
Revaluations 250,000
At 31 August 2024 1,720,000
NET BOOK VALUE
At 31 August 2024 1,720,000
At 31 August 2023 1,470,000

The properties were valued on a fair value basis by the directors at 31 August 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 426 128

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 637,885 573,001

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 6,014 3,965
Other creditors 34,136 29,924
40,150 33,889

KERRIER DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02358248)

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

9. RESERVES
Fair
value
reserve
£   
At 1 September 2023 649,460
Transfer of fair value 263,458

At 31 August 2024 912,918