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REGISTERED NUMBER: 04829322 (England and Wales)











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: Mr D S Pollock
Mr B S Pollock





Registered office: Suites 11 - 14 Prudential Buildings
61 St Petersgate
Stockport
Cheshire
SK1 1DH





Registered number: 04829322 (England and Wales)





Accountants: Warr & Co Limited
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 1,771 2,361
Investments 5 50 -
Investment property 6 35,053,500 29,910,000
35,055,321 29,912,361

Current assets
Stocks 3,099,517 3,059,002
Debtors 7 381,210 194,559
Cash at bank 290,341 223,784
3,771,068 3,477,345
Creditors
Amounts falling due within one year 8 (4,523,292 ) (4,685,089 )
Net current liabilities (752,224 ) (1,207,744 )
Total assets less current liabilities 34,303,097 28,704,617

Creditors
Amounts falling due after more than one
year

9

(20,111,880

)

(17,361,360

)

Provisions for liabilities 12 (2,056,326 ) (1,172,669 )
Net assets 12,134,891 10,170,588

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 100 100
Fair value reserve 13 7,838,158 6,213,172
Retained earnings 4,296,633 3,957,316
12,134,891 10,170,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 21 May 2025 and were signed on its behalf by:





Mr B S Pollock - Director


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 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
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 etc - 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.

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 7 (2024 - 4 ) .

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 13,381
Depreciation
At 1 February 2024 11,020
Charge for year 590
At 31 January 2025 11,610
Net book value
At 31 January 2025 1,771
At 31 January 2024 2,361

5. Fixed asset investments
Shares in
group
undertakings
£   
Cost
Additions 50
At 31 January 2025 50
Net book value
At 31 January 2025 50

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:

BP Land Limited
Registered office: 288 Oxford Road Gomersal, Cleckheaton, West Yorkshire, BD19 4PY
Nature of business: Property development
%
Class of shares: holding
Ordinary 50.00
31.1.25 30.4.24
£    £   
Aggregate capital and reserves - (4,945 )

No recent financial statements were available at the date of this report.

6. Investment property
Total
£   
Fair value
At 1 February 2024 29,910,000
Additions 4,469,409
Disposals (1,960,000 )
Valuation changes 2,634,091
At 31 January 2025 35,053,500
Net book value
At 31 January 2025 35,053,500
At 31 January 2024 29,910,000

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 235,632 118,422
Other debtors 145,578 76,137
381,210 194,559

8. Creditors: amounts falling due within one year
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 461,864 606,370
Trade creditors 62,765 250,768
Other creditors 3,998,663 3,827,951
4,523,292 4,685,089

9. Creditors: amounts falling due after more than one year
31.1.25 31.1.24
£    £   
Bank loans 18,334,224 13,790,773
Other creditors 1,777,656 3,570,587
20,111,880 17,361,360

10. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.1.24
£    £   
Within one year 26,320 26,320
Between one and five years 52,640 78,960
78,960 105,280

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 18,796,088 14,397,143

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 1,172,669
Provided during year 883,657
Balance at 31 January 2025 2,056,326

13. Reserves
Fair
value
reserve
£   
At 1 February 2024 6,213,172
Transfer to retained earnings 1,624,986

At 31 January 2025 7,838,158

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.