| REGISTERED NUMBER: |
| Kingscrown Land & Commercial Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2025 |
| REGISTERED NUMBER: |
| Kingscrown Land & Commercial Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 January 2025 |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Contents of the Financial Statements |
| for the Year Ended 31 January 2025 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 4 |
| Kingscrown Land & Commercial Limited |
| Company Information |
| for the Year Ended 31 January 2025 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Chartered Accountants |
| Mynshull House |
| 78 Churchgate |
| Stockport |
| Cheshire |
| SK1 1YJ |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Balance Sheet |
| 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ |
| Fixed assets |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| Current assets |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| Net current liabilities | ( |
) | ( |
) |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| Provisions for liabilities | 12 | ( |
) | ( |
) |
| Net assets |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Balance Sheet - continued |
| 31 January 2025 |
| 31.1.25 | 31.1.24 |
| Notes | £ | £ |
| Capital and reserves |
| Called up share capital |
| Fair value reserve | 13 |
| Retained earnings |
| 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 were approved by the Board of Directors and authorised for issue on |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Notes to the Financial Statements |
| for the Year Ended 31 January 2025 |
| 1. | Statutory information |
| Kingscrown Land & Commercial Limited is a |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| 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. |
| Stocks |
| Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present condition. |
| 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. |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 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. |
| 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. |
| Long term non-commercial loans |
| Exception to paragraph 11.13 of FRS102 has been taken to measure a basic financial liability that is a loan from a director who is a natural person and a shareholder in the company (or a close member of the family of that person) initially at transaction price. Subsequently, for the same financial liability, the company is also exempt from the final sentence of FRS102 paragraph 11.14(a), to measure the debt instrument at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. |
| Therefore, long-term non-commercial loans are accounted for at transaction price, rather than discounting using an appropriate internal rate of return. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 4. | Tangible fixed assets |
| Plant and |
| machinery |
| etc |
| £ |
| Cost |
| At 1 February 2024 |
| and 31 January 2025 |
| Depreciation |
| At 1 February 2024 |
| Charge for year |
| At 31 January 2025 |
| Net book value |
| At 31 January 2025 |
| At 31 January 2024 |
| 5. | Fixed asset investments |
| Shares in |
| group |
| undertakings |
| £ |
| Cost |
| Additions |
| At 31 January 2025 |
| Net book value |
| At 31 January 2025 |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 5. | Fixed asset investments - continued |
| The company's investments at the Balance sheet date in the share capital of companies include the following: |
| Registered office: 288 Oxford Road Gomersal, Cleckheaton, West Yorkshire, BD19 4PY |
| Nature of business: |
| % |
| Class of shares: | holding |
| 31.1.25 |
| £ | £ |
| Aggregate capital and reserves | ( |
) |
| No recent financial statements were available at the date of this report. |
| 6. | Investment property |
| Total |
| £ |
| Fair value |
| At 1 February 2024 |
| Additions |
| Disposals | ( |
) |
| Valuation changes | 2,634,091 |
| At 31 January 2025 |
| Net book value |
| At 31 January 2025 |
| At 31 January 2024 |
| Fair value at 31 January 2025 is represented by: |
| £ |
| Valuation in 2025 | 35,053,500 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Cost | 25,159,016 | 22,524,159 |
| Investment property was valued on an open market basis on 31 January 2025 by the directors . |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 7. | Debtors: amounts falling due within one year |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 8. | Creditors: amounts falling due within one year |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Other creditors |
| 9. | Creditors: amounts falling due after more than one year |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Bank loans |
| Other creditors |
| 10. | Leasing agreements |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Within one year |
| Between one and five years |
| Kingscrown Land & Commercial Limited (Registered number: 04829322) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 January 2025 |
| 11. | Secured debts |
| The following secured debts are included within creditors: |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Bank loans |
| The bank loans are secured by a debenture over the assets of the company and mortgages secured against specific investment properties. |
| 12. | Provisions for liabilities |
| 31.1.25 | 31.1.24 |
| £ | £ |
| Deferred tax | 2,056,326 | 1,172,669 |
| Deferred |
| tax |
| £ |
| Balance at 1 February 2024 |
| Provided during year |
| Balance at 31 January 2025 |
| 13. | Reserves |
| Fair |
| value |
| reserve |
| £ |
| At 1 February 2024 |
| Transfer to retained earnings | 1,624,986 |
| At 31 January 2025 |
| 14. | Tax losses |
| The company has tax losses to utilise totalling £727,829 to carry forward and offset against future taxable profits. In addition, capital allowances split across General and Special Rate Pools, to carry forward for future utilisation of £587,172. |