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REGISTERED NUMBER: 05371625 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

KELRICK PROPERTIES LIMITED

KELRICK PROPERTIES LIMITED (REGISTERED NUMBER: 05371625)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KELRICK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2024







DIRECTORS: R A Lee
Mrs K Lee





REGISTERED OFFICE: 18 Gerrard Street
Ashton-in-Makerfield
Wigan
Lancashire
WN4 9AA





REGISTERED NUMBER: 05371625 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

KELRICK PROPERTIES LIMITED (REGISTERED NUMBER: 05371625)

BALANCE SHEET
31ST JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,019 2,358
Investments 5 - 2,000
7,019 4,358

CURRENT ASSETS
Debtors 6 30,549 98,586
Cash at bank 174,782 167,567
205,331 266,153
CREDITORS
Amounts falling due within one year 7 182,855 183,767
NET CURRENT ASSETS 22,476 82,386
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,495

86,744

CREDITORS
Amounts falling due after more than
one year

8

8,874

19,313
NET ASSETS 20,621 67,431

KELRICK PROPERTIES LIMITED (REGISTERED NUMBER: 05371625)

BALANCE SHEET - continued
31ST JULY 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 19,621 66,431
SHAREHOLDERS' FUNDS 20,621 67,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 12th February 2025 and were signed on its behalf by:





R A Lee - Director


KELRICK PROPERTIES LIMITED (REGISTERED NUMBER: 05371625)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2024

1. STATUTORY INFORMATION

Kelrick 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

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.

Client monies
The company manages a portfolio of rental properties on behalf of its clients. Monies are collected on the clients behalf in respect of rents and security deposits. All such monies are held in designated client accounts on trust for the clients and the company's bankers have confirmed the balances on these accounts will not be used to offset any trading obligations of the company.
The amounts due to the clients are reflected as creditors due within one year.

Fixed asset investments
The fixed asset investment represents a fixed interest bond in 'OnTheMarket.com' a property sales and rental portal. The investment is in a mutual business and the capital value is guaranteed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

KELRICK PROPERTIES LIMITED (REGISTERED NUMBER: 05371625)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1st August 2023 14,664 5,813 14,081 34,558
Additions - 3,094 6,702 9,796
Disposals - - (1,264 ) (1,264 )
At 31st July 2024 14,664 8,907 19,519 43,090
DEPRECIATION
At 1st August 2023 14,664 5,813 11,723 32,200
Charge for year - 773 4,362 5,135
Eliminated on disposal - - (1,264 ) (1,264 )
At 31st July 2024 14,664 6,586 14,821 36,071
NET BOOK VALUE
At 31st July 2024 - 2,321 4,698 7,019
At 31st July 2023 - - 2,358 2,358

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st August 2023 2,000
Disposals (2,000 )
At 31st July 2024 -
NET BOOK VALUE
At 31st July 2024 -
At 31st July 2023 2,000

KELRICK PROPERTIES LIMITED (REGISTERED NUMBER: 05371625)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 5,285 6,766
Other debtors 25,264 91,820
30,549 98,586

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,439 9,787
Trade creditors 4,859 2,310
Taxation and social security 17,809 30,643
Other creditors 149,748 141,027
182,855 183,767

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,874 19,313