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REGISTERED NUMBER: 14142455 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

KLF Developments Talbot Woods Limited

KLF Developments Talbot Woods Limited (Registered number: 14142455)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KLF Developments Talbot Woods Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C D O Falla
J D Falla





REGISTERED OFFICE: Maple Lodge
Blake Dene Road
Poole
Dorset
BH14 8HQ





REGISTERED NUMBER: 14142455 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

KLF Developments Talbot Woods Limited (Registered number: 14142455)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Stocks 1,253,134 1,024,457
Debtors 4 24,593 -
Cash at bank 4,597 -
1,282,324 1,024,457
CREDITORS
Amounts falling due within one year 5 714,395 1,029,421
NET CURRENT ASSETS/(LIABILITIES) 567,929 (4,964 )
TOTAL ASSETS LESS CURRENT LIABILITIES 567,929 (4,964 )

CREDITORS
Amounts falling due after more than one
year

6

638,752

-
NET LIABILITIES (70,823 ) (4,964 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (70,923 ) (5,064 )
(70,823 ) (4,964 )

KLF Developments Talbot Woods Limited (Registered number: 14142455)

Balance Sheet - continued
31 May 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 17 February 2025 and were signed on its behalf by:





C D O Falla - Director


KLF Developments Talbot Woods Limited (Registered number: 14142455)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

KLF Developments Talbot Woods 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

There have been no material departures from the Financial Reporting Standard 102 1A.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

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.


KLF Developments Talbot Woods Limited (Registered number: 14142455)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The directors are satisfied that the company has adequate resources to continue to operate for the foreseeable future. The directors have therefore prepared the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 24,593 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 711,945 625,171
Other creditors 2,450 404,250
714,395 1,029,421

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Other creditors 638,752 -

KLF Developments Talbot Woods Limited (Registered number: 14142455)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Other loans 638,752 401,800

Other loans contain a fixed charge over the property within stock and floating charges over the property in stock and other undertaking of the company.