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REGISTERED NUMBER: 11232759 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KIRTLAND HOLDINGS LIMITED

KIRTLAND HOLDINGS LIMITED (REGISTERED NUMBER: 11232759)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRTLAND HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: L S Kirtland





REGISTERED OFFICE: Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT





BUSINESS ADDRESS: 20-21 Twyford Business Centre
London Road
Bishops Stortford
Herts
CM23 3YT





REGISTERED NUMBER: 11232759 (England and Wales)





ACCOUNTANTS: Barrow LLP
Rae House
Dane Street
Bishops Stortford
Herts
CM23 3BT

KIRTLAND HOLDINGS LIMITED (REGISTERED NUMBER: 11232759)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 41,751 56,920
Investments 5 100 100
Investment property 6 1,925,009 1,251,455
1,966,860 1,308,475

CURRENT ASSETS
Debtors: amounts falling due within one year 7 108,345 142,852
Cash at bank 232,728 888,675
341,073 1,031,527
CREDITORS
Amounts falling due within one year 8 (42,391 ) (18,739 )
NET CURRENT ASSETS 298,682 1,012,788
TOTAL ASSETS LESS CURRENT LIABILITIES 2,265,542 2,321,263

PROVISIONS FOR LIABILITIES (8,593 ) (11,017 )
NET ASSETS 2,256,949 2,310,246

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 2,256,749 2,310,046
SHAREHOLDERS' FUNDS 2,256,949 2,310,246

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

KIRTLAND HOLDINGS LIMITED (REGISTERED NUMBER: 11232759)

BALANCE SHEET - continued
31 DECEMBER 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 and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 May 2025 and were signed by:





L S Kirtland - Director


KIRTLAND HOLDINGS LIMITED (REGISTERED NUMBER: 11232759)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Kirtland Holdings 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
The financial statements have been prepared with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, as modified by the recognition of certain financial assets and liabilities measured at fair value.

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. These estimates and assumptions are based on historical experience and other factors that are believed to be reasonable under the circumstances. No judgements and estimates have had noted which has an effect on amounts recognised in the financial statements.

Preparation of consolidated financial statements
The financial statements contain information about Kirtland Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured by the company at the fair value of the consideration received or receivable for rental services provided, which are charged on a calendar monthly basis in advance.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

KIRTLAND HOLDINGS LIMITED (REGISTERED NUMBER: 11232759)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are initially recognised at fair value, unless payment for an asset is deferred upon normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss and Retained Earnings, 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 the 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 ) .

KIRTLAND HOLDINGS LIMITED (REGISTERED NUMBER: 11232759)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2024 21,800 67,308 89,108
Additions - 4,950 4,950
Disposals - (15,000 ) (15,000 )
At 31 December 2024 21,800 57,258 79,058
DEPRECIATION
At 1 January 2024 4,088 28,100 32,188
Charge for year 4,428 7,976 12,404
Eliminated on disposal - (7,285 ) (7,285 )
At 31 December 2024 8,516 28,791 37,307
NET BOOK VALUE
At 31 December 2024 13,284 28,467 41,751
At 31 December 2023 17,712 39,208 56,920

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2024
and 31 December 2024 100
NET BOOK VALUE
At 31 December 2024 100
At 31 December 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 1,251,455
Additions 673,554
At 31 December 2024 1,925,009
NET BOOK VALUE
At 31 December 2024 1,925,009
At 31 December 2023 1,251,455

The company has once more included within the balance sheet the investment properties at purchase cost, as it is still considered that the value of the premises has not changed materially since the point in time when they were both acquired.

KIRTLAND HOLDINGS LIMITED (REGISTERED NUMBER: 11232759)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Other debtors 108,345 142,852

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 3,301 2,200
Amounts owed to group undertakings 9,000 6,500
Taxation and social security 27,607 5,595
Other creditors 2,483 4,444
42,391 18,739

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 December 2024 and the period ended 31 December 2023:

31.12.24 31.12.23
£    £   
L S Kirtland
Balance outstanding at start of year 96,073 14,898
Amounts advanced 64,089 171,175
Amounts repaid (96,073 ) (90,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 64,089 96,073

11. RELATED PARTY DISCLOSURES

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.

12. ULTIMATE CONTROLLING PARTY

The controlling party is L S Kirtland.

The ultimate controlling party is L S Kirtland.