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REGISTERED NUMBER: 07067165 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 September 2024

for

K & N Retail Limited

K & N Retail Limited (Registered number: 07067165)






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




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Report of the Accountants 9

K & N Retail Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr K R Widdrington
Mrs S L Widdrington





REGISTERED OFFICE: Eden House
Shilton Garth Close
Earswick
York
YO32 9SQ





REGISTERED NUMBER: 07067165 (England and Wales)





ACCOUNTANTS: PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR

K & N Retail Limited (Registered number: 07067165)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of commercial property landlords.

DIRECTORS
The directors during the year under review were:

Mr K R Widdrington
Mrs S L Widdrington

The beneficial interests of the directors holding office on 30 September 2024 in the issued share capital of the company were as follows:
30.9.24 1.10.23
Ordinary A £1 shares

Mr K R Widdrington 100 100
Mrs S L Widdrington - -

Ordinary B £1 shares

Mr K R Widdrington - -
Mrs S L Widdrington 100 100

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr K R Widdrington - Director


29 May 2025

K & N Retail Limited (Registered number: 07067165)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,991 9,991
Tangible assets 5 16,796 25,594
Investments 6 1,621,800 -
Investment property 7 1,780,500 1,531,494
3,429,087 1,567,079

CURRENT ASSETS
Debtors 8 1,759,516 64,971
Investments 9 - 582,400
Cash at bank 345,223 171,189
2,104,739 818,560
CREDITORS
Amounts falling due within one year 10 1,546,274 112,844
NET CURRENT ASSETS 558,465 705,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,987,552

2,272,795

CAPITAL AND RESERVES
Called up share capital 11 200 200
Revaluation reserve 1,621,270 -
Retained earnings 2,366,082 2,272,595
SHAREHOLDERS' FUNDS 3,987,552 2,272,795

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

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

K & N Retail Limited (Registered number: 07067165)

Balance Sheet - continued
30 September 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 Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:




Mr K R Widdrington - Director



Mrs S L Widdrington - Director


K & N Retail Limited (Registered number: 07067165)

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

1. STATUTORY INFORMATION

K & N Retail 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Cherished number plates are being amortised evenly over their estimated useful life of nil years.

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 - Straight line over 5 years
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Cherished
number
plates
£   
COST
At 1 October 2023
and 30 September 2024 9,991
NET BOOK VALUE
At 30 September 2024 9,991
At 30 September 2023 9,991

K & N Retail Limited (Registered number: 07067165)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023
and 30 September 2024 20,357 7,214 49,000 76,571
DEPRECIATION
At 1 October 2023 17,157 7,214 26,606 50,977
Charge for year 3,200 - 5,598 8,798
At 30 September 2024 20,357 7,214 32,204 59,775
NET BOOK VALUE
At 30 September 2024 - - 16,796 16,796
At 30 September 2023 3,200 - 22,394 25,594

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
Additions 530
Revaluations 1,621,270
At 30 September 2024 1,621,800
NET BOOK VALUE
At 30 September 2024 1,621,800

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2024 2,120,000

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
SHARE CAPITAL INVESTED IN KMSS
HOLDINGS LTD

'COST' ACCOUNT TOTAL
Additions 530
Revaluations 1,621,270
1,621,800

CLIENT SCREEN TOTAL = 2,120,000


K & N Retail Limited (Registered number: 07067165)

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

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 1,531,494
Additions 376,500
Revaluations (127,494 )
At 30 September 2024 1,780,500
NET BOOK VALUE
At 30 September 2024 1,780,500
At 30 September 2023 1,531,494

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 1,780,500

If the investment property had not been revalued it would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 905,960 905,960
Aggregate depreciation 228,690 228,690

The investment property was valued on an open market basis on 30 September 2024 by the Directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors - 11,700
Investment loans issued 1,759,516 53,271
1,759,516 64,971

9. CURRENT ASSET INVESTMENTS
30.9.24 30.9.23
£    £   
Investments & Loans
in other businesses - 582,400
- 582,400

K & N Retail Limited (Registered number: 07067165)

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

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Creditors 40 45
Corporation Tax 44,069 4,820
VAT 1,337 2,172
Directors' loan accounts 1,500,203 105,192
Accrued expenses 625 615
1,546,274 112,844

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

K & N Retail Limited

Report of the Accountants to the Directors of
K & N Retail 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 Profit and Loss Account 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 30 September 2024 set out on pages three to seven 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.






PY Accountants Ltd
33 Holmefield Close
Brayton
Selby
YO8 9LR


29 May 2025