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REGISTERED NUMBER: 05598879 (England and Wales)















Unaudited Financial Statements

for the Year Ended

30 April 2024

for

Killiney UK Limited

Killiney UK Limited (Registered number: 05598879)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Killiney UK Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: C Towlson
D J H Williams
N J Askew





REGISTERED OFFICE: Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP





REGISTERED NUMBER: 05598879 (England and Wales)





ACCOUNTANTS: The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Killiney UK Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Killiney UK Limited for the year ended 30 April 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Killiney UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Killiney UK Limited and state those matters that we have agreed to state to the Board of Directors of Killiney UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Killiney UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Killiney UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Killiney UK Limited. You consider that Killiney UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Killiney UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Rowleys Partnership Ltd
Chartered Accountants
Charnwood House
Harcourt Way
Meridian Business Park
Leicester
Leicestershire
LE19 1WP


14 January 2025

Killiney UK Limited (Registered number: 05598879)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,256 1,352
Investments 5 144,340 162,500
Investment property 6 7,262,321 7,262,321
7,407,917 7,426,173

CURRENT ASSETS
Debtors 7 85,705 100,711
Cash at bank 1,573,230 1,078,393
1,658,935 1,179,104
CREDITORS
Amounts falling due within one year 8 776,717 686,121
NET CURRENT ASSETS 882,218 492,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,290,135

7,919,156

CREDITORS
Amounts falling due after more than
one year

9

198,500

198,500
NET ASSETS 8,091,635 7,720,656

Killiney UK Limited (Registered number: 05598879)

Balance Sheet - continued
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Revaluation reserve 11 1,358,660 1,358,660
Capital redemption reserve 100 100
Retained earnings 6,732,775 6,361,796
SHAREHOLDERS' FUNDS 8,091,635 7,720,656

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.

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 14 January 2025 and were signed on its behalf by:





C Towlson - Director


Killiney UK Limited (Registered number: 05598879)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. STATUTORY INFORMATION

Killiney UK 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.

Turnover
Turnover represents net invoiced rents, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on cost

Investment property
The investment properties are included at the revalued amount. The properties were valued in 2018 by Innes England, Chartered Surveyors. Directors believe the valuation to be materially accurate to fair value at 30 April 2024.

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.

Killiney UK Limited (Registered number: 05598879)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset other investments
Long-term investments are recorded at cost. These investments are assessed regularly for impairment and are written down if a permanent impairment exists.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2023 5,578
Additions 916
Disposals (1,801 )
At 30 April 2024 4,693
DEPRECIATION
At 1 May 2023 4,226
Charge for year 1,014
Eliminated on disposal (1,803 )
At 30 April 2024 3,437
NET BOOK VALUE
At 30 April 2024 1,256
At 30 April 2023 1,352

Killiney UK Limited (Registered number: 05598879)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 May 2023 162,500
Revaluations (18,160 )
At 30 April 2024 144,340
NET BOOK VALUE
At 30 April 2024 144,340
At 30 April 2023 162,500

Cost or valuation at 30 April 2024 is represented by:

Other
investments
£   
Valuation in 2024 (18,160 )
Cost 162,500
144,340

The company has invested £162,500 in The Holwood (Droitwich) Limited Syndicate in purchasing the freehold of the property known as the Local Centre, Yew Tree Village Droitwich.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 7,262,321
NET BOOK VALUE
At 30 April 2024 7,262,321
At 30 April 2023 7,262,321

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2018 1,358,660
Cost 5,903,661
7,262,321

Killiney UK Limited (Registered number: 05598879)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


6. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued it would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 5,903,661 5,903,661

Investment properties were valued on an open market basis on 13 June 2018 by Innes England .

The Directors believe this still represents the fair value of these properties as at 30 April 2024.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 63,905 77,893
Deferred tax asset 20,967 21,985
Prepayments and accrued income 833 833
85,705 100,711

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 1,664 46
Corporation tax 128,199 99,801
VAT 32,568 33,998
Other creditors 220,911 145,985
Directors' loan accounts 141,946 96,820
Accruals and deferred income 251,429 309,471
776,717 686,121

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Accruals and deferred income 198,500 198,500

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1,000 Ordinary 10p 100 100

Killiney UK Limited (Registered number: 05598879)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


11. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 1,358,660