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REGISTERED NUMBER: 03403400 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

CKL PROPERTIES LIMITED

CKL PROPERTIES LIMITED (REGISTERED NUMBER: 03403400)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CKL PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: C D Kirkwood





SECRETARY: Mrs B Brooks





REGISTERED OFFICE: Rimswell House
Rimswell
Withernsea
East Yorkshire
HU19 2BZ





REGISTERED NUMBER: 03403400 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

CKL PROPERTIES LIMITED (REGISTERED NUMBER: 03403400)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,958 37,514
Investment property 5 2,283,353 1,644,219
2,315,311 1,681,733

CURRENT ASSETS
Debtors 6 71,482 60,504
Cash at bank 205,923 148,808
277,405 209,312
CREDITORS
Amounts falling due within one year 7 616,673 118,374
NET CURRENT (LIABILITIES)/ASSETS (339,268 ) 90,938
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,976,043

1,772,671

PROVISIONS FOR LIABILITIES 26,962 27,838
NET ASSETS 1,949,081 1,744,833

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 157,065 157,065
Retained earnings 1,792,014 1,587,766
SHAREHOLDERS' FUNDS 1,949,081 1,744,833

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CKL PROPERTIES LIMITED (REGISTERED NUMBER: 03403400)

BALANCE SHEET - continued
31 October 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 Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 January 2025 and were signed by:





C D Kirkwood - Director


CKL PROPERTIES LIMITED (REGISTERED NUMBER: 03403400)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024


1. STATUTORY INFORMATION

CKL Properties Limited is a private company, limited by shares, registered in England. The company's registered office is at Carr Farm, Rimswell, Withernsea, HU19 2BZ. The entity's registered number is 03403400.

The principal activity of the company is the letting of real estate.

The financial statements have been presented in the Pound Sterling (£) as this is the functional currency of the company.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

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 - 25% on a reducing balance basis, 20% on cost and 5% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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.


CKL PROPERTIES LIMITED (REGISTERED NUMBER: 03403400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023
and 31 October 2024 298,800
DEPRECIATION
At 1 November 2023 261,286
Charge for year 5,556
At 31 October 2024 266,842
NET BOOK VALUE
At 31 October 2024 31,958
At 31 October 2023 37,514

CKL PROPERTIES LIMITED (REGISTERED NUMBER: 03403400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 1,644,219
Additions 639,134
At 31 October 2024 2,283,353
NET BOOK VALUE
At 31 October 2024 2,283,353
At 31 October 2023 1,644,219

The most recent revaluation of investment property took place in October 2015. Property was revalued by Mr C D Kirkwood. The investment property held at a cost of £771,622 was revalued to £950,000. The Director believes the current year end value is materially correct.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,221 32,098
Other loans 4,800 4,800
Prepayments and accrued income 25,461 23,606
71,482 60,504

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 158 5,197
Amounts owed to group undertakings 501,800 50,000
Tax 63,999 16,020
VAT 8,723 10,459
Accrued expenses 41,993 36,698
616,673 118,374

CKL PROPERTIES LIMITED (REGISTERED NUMBER: 03403400)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024


8. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 157,065

9. RELATED PARTY DISCLOSURES

K Connect Limited
Mr C D Kirkwood, who is the director of CKL Properties Limited, is also a director of K Connect Limited. At the year end, the
company owed £501,800 to K Connect Limited (2023 - £50,000).