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REGISTERED NUMBER: 10614347 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Kaybee Developments Limited

Kaybee Developments Limited (Registered number: 10614347)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Kaybee Developments Limited

Company Information
for the Year Ended 28 February 2025







DIRECTORS: J Bell
W H Kilkerr
Mrs A Kilkerr-Bell
P Sheehan





REGISTERED OFFICE: Unit 5
Picks Barn
Luffenham Road
Lyndon
Leicestershire
LE15 8TY





REGISTERED NUMBER: 10614347 (England and Wales)





ACCOUNTANTS: Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE

Kaybee Developments Limited (Registered number: 10614347)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 137,347 152,736
Investment property 5 3,807,991 3,888,773
3,945,338 4,041,509

CURRENT ASSETS
Debtors 6 206,342 82,322
Cash at bank 142,800 401,244
349,142 483,566
CREDITORS
Amounts falling due within one year 7 3,550,296 3,561,045
NET CURRENT LIABILITIES (3,201,154 ) (3,077,479 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

744,184

964,030

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Retained earnings 734,184 954,030
SHAREHOLDERS' FUNDS 744,184 964,030

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 8 May 2025 and were signed on its behalf by:



J Bell - Director


Kaybee Developments Limited (Registered number: 10614347)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Kaybee Developments 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

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.

Kaybee Developments Limited (Registered number: 10614347)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2024 76,195 1,508 238,195 13,220 329,118
Additions - - 40,870 1,416 42,286
Disposals - - (28,296 ) - (28,296 )
At 28 February 2025 76,195 1,508 250,769 14,636 343,108
DEPRECIATION
At 1 March 2024 55,390 832 112,396 7,764 176,382
Charge for year 5,201 135 40,422 1,718 47,476
Eliminated on disposal - - (18,097 ) - (18,097 )
At 28 February 2025 60,591 967 134,721 9,482 205,761
NET BOOK VALUE
At 28 February 2025 15,604 541 116,048 5,154 137,347
At 29 February 2024 20,805 676 125,799 5,456 152,736

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2024 3,888,773
Additions 174,091
Disposals (254,873 )
At 28 February 2025 3,807,991
NET BOOK VALUE
At 28 February 2025 3,807,991
At 29 February 2024 3,888,773

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Other debtors 147,448 -
VAT 58,894 82,322
206,342 82,322

Kaybee Developments Limited (Registered number: 10614347)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Tax (348 ) 33,370
Social security and other taxes 9,065 8,919
Directors' current accounts 3,500,000 3,500,000
Accruals and deferred income 41,579 18,756
3,550,296 3,561,045

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.25 29.2.24
value: £    £   
100 Ordinary £1 10,000 10,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr W Kilkerr a Director of the company, operated a Directors Loan account with the company. At the end of the year, there was a credit balance on the account of £3,500,000 (2024 £3,500,000).

Mr W Kilkerr charged interest on the loan during the year totalling £200,410 (2024 £59,998).

Kaybee Developments Limited

Report of the Accountants to the Directors of
Kaybee Developments 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kempton Accountancy Services Limited
31 Lake Drive
Weldon
Northamptonshire
NN17 3FE


8 May 2025