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REGISTERED NUMBER: 13739331 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

KERR-PLUNKETT PROPERTIES LIMITED

KERR-PLUNKETT PROPERTIES LIMITED (REGISTERED NUMBER: 13739331)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KERR-PLUNKETT PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M L Kerr
Mrs C A Kerr





REGISTERED OFFICE: Lothing House
7 Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 13739331 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

KERR-PLUNKETT PROPERTIES LIMITED (REGISTERED NUMBER: 13739331)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 662,802 602,345

CURRENT ASSETS
Cash at bank 31,095 31,483

CREDITORS
Amounts falling due within one year 5 (206,117 ) (207,599 )
NET CURRENT LIABILITIES (175,022 ) (176,116 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

487,780

426,229

CREDITORS
Amounts falling due after more than one
year

6

(432,000

)

(432,000

)
NET ASSETS/(LIABILITIES) 55,780 (5,771 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 60,658 -
Retained earnings 8 (4,978 ) (5,871 )
SHAREHOLDERS' FUNDS 55,780 (5,771 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

KERR-PLUNKETT PROPERTIES LIMITED (REGISTERED NUMBER: 13739331)

BALANCE SHEET - continued
30 APRIL 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 17 December 2024 and were signed on its behalf by:





M L Kerr - Director


KERR-PLUNKETT PROPERTIES LIMITED (REGISTERED NUMBER: 13739331)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Kerr-Plunkett Properties 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.
Plant and machinery etc - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

KERR-PLUNKETT PROPERTIES LIMITED (REGISTERED NUMBER: 13739331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 May 2023 601,342 1,254 602,596
Revaluations 60,658 - 60,658
At 30 April 2024 662,000 1,254 663,254
DEPRECIATION
At 1 May 2023 - 251 251
Charge for year - 201 201
At 30 April 2024 - 452 452
NET BOOK VALUE
At 30 April 2024 662,000 802 662,802
At 30 April 2023 601,342 1,003 602,345

Cost or valuation at 30 April 2024 is represented by:

Land and
buildings
£   
Valuation in 2024 60,658
Cost 601,342
662,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 552 540
Other creditors 205,565 207,059
206,117 207,599

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 432,000 432,000

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
100 Ordinary £1 100 100

KERR-PLUNKETT PROPERTIES LIMITED (REGISTERED NUMBER: 13739331)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 May 2023 (5,871 ) - (5,871 )
Profit for the year 893 893
Revaluation of properties - 60,658 60,658
At 30 April 2024 (4,978 ) 60,658 55,680

9. ULTIMATE CONTROLLING PARTY

The company was under the control of Mr and Mrs M L Kerr as holders of the share capital throughout the
whole of the current period.
The company operates a Loan account with the Directors and the balance as at 30 April 2022 was £205,565