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REGISTERED NUMBER: 11814154 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Kellard Estates Ltd

Kellard Estates Ltd (Registered number: 11814154)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kellard Estates Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs C J McCutcheon
Mr G A Price
Mrs K E Wright
Mrs S M Cleaver





REGISTERED OFFICE: St. George's House
14 George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 11814154 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Kellard Estates Ltd (Registered number: 11814154)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,754,667 3,754,667

CURRENT ASSETS
Debtors 5 135,937 98,280
Cash at bank 110,309 79,022
246,246 177,302
CREDITORS
Amounts falling due within one year 6 719,628 599,513
NET CURRENT LIABILITIES (473,382 ) (422,211 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,281,285

3,332,456

CREDITORS
Amounts falling due after more than one
year

7

(2,926,153

)

(3,050,940

)

PROVISIONS FOR LIABILITIES (87,299 ) (87,299 )
NET ASSETS 267,833 194,217

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 474,392 474,392
Retained earnings 9 (206,659 ) (280,275 )
SHAREHOLDERS' FUNDS 267,833 194,217

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

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

Kellard Estates Ltd (Registered number: 11814154)

Balance Sheet - continued
30 June 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 27 March 2025 and were signed on its behalf by:





Mrs C J McCutcheon - Director


Kellard Estates Ltd (Registered number: 11814154)

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

1. STATUTORY INFORMATION

Kellard Estates Ltd 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
Rental income is recognised at the point of which it becomes receivable. This is usually at the end of the month which has been agreed with the tenant and the supplier, and the invoice is raised.

Tangible fixed assets
Freehold property is held at the current market value. Any revaluation gain or loss is shown through the Profit and Loss account.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST OR VALUATION
At 1 July 2023
and 30 June 2024 3,754,667
NET BOOK VALUE
At 30 June 2024 3,754,667
At 30 June 2023 3,754,667



Kellard Estates Ltd (Registered number: 11814154)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 135,937 98,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,744 -
Taxation and social security 4,905 5,584
Other creditors 710,979 593,929
719,628 599,513

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 2,926,153 3,050,940

Amounts falling due in more than five years:

Repayable by instalments
Loans more than 5 years 2,419,857 2,547,504

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 July 2023 (280,275 ) 474,392 194,117
Profit for the year 73,616 73,616
At 30 June 2024 (206,659 ) 474,392 267,733

10. RELATED PARTY DISCLOSURES

The company owes a total of £3,050,940 (2023: £3,175,012) to the directors and their families relating to a loan in support of the business. This loan is subject to a fixed repayment schedule and accrues interest at market rate.