IRIS Accounts Production v25.1.4.42 10406353 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104063532024-03-31104063532025-03-31104063532024-04-012025-03-31104063532023-03-31104063532023-04-012024-03-31104063532024-03-3110406353ns15:EnglandWales2024-04-012025-03-3110406353ns14:PoundSterling2024-04-012025-03-3110406353ns10:Director12024-04-012025-03-3110406353ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3110406353ns10:SmallEntities2024-04-012025-03-3110406353ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3110406353ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3110406353ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3110406353ns10:FullAccounts2024-04-012025-03-311040635312024-04-012025-03-3110406353ns10:Director22024-04-012025-03-3110406353ns10:RegisteredOffice2024-04-012025-03-3110406353ns5:CurrentFinancialInstruments2025-03-3110406353ns5:CurrentFinancialInstruments2024-03-3110406353ns5:Non-currentFinancialInstruments2025-03-3110406353ns5:Non-currentFinancialInstruments2024-03-3110406353ns5:ShareCapital2025-03-3110406353ns5:ShareCapital2024-03-3110406353ns5:FurtherSpecificReserve3ComponentTotalEquity2025-03-3110406353ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3110406353ns5:RetainedEarningsAccumulatedLosses2025-03-3110406353ns5:RetainedEarningsAccumulatedLosses2024-03-3110406353ns5:NetGoodwill2024-04-012025-03-3110406353ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3110406353ns5:PlantMachinery2024-04-012025-03-3110406353ns5:NetGoodwill2024-03-3110406353ns5:NetGoodwill2025-03-3110406353ns5:NetGoodwill2024-03-3110406353ns5:PlantMachinery2024-03-3110406353ns5:PlantMachinery2025-03-3110406353ns5:PlantMachinery2024-03-3110406353ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3110406353ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-04-012025-03-3110406353ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2025-03-3110406353ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-03-3110406353ns5:AdditionsToInvestments2025-03-3110406353ns5:CostValuation2025-03-3110406353ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3110406353ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3110406353ns5:Secured2025-03-3110406353ns5:Secured2024-03-3110406353ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-31
REGISTERED NUMBER: 10406353 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Killerby Estates Limited

Killerby Estates Limited (Registered number: 10406353)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Killerby Estates Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: Mr S Pye
Mrs B H J Pye





REGISTERED OFFICE: Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX





REGISTERED NUMBER: 10406353 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Killerby Estates Limited (Registered number: 10406353)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 74,250 82,500
Tangible assets 5 357,520 445,042
Investments 6 18,879 -
Investment property 7 4,815,802 4,269,862
5,266,451 4,797,404

CURRENT ASSETS
Stocks 5,000 104,202
Debtors 8 19,087 42,655
Cash at bank 7,157 7
31,244 146,864
CREDITORS
Amounts falling due within one year 9 921,839 1,090,678
NET CURRENT LIABILITIES (890,595 ) (943,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,375,856

3,853,590

CREDITORS
Amounts falling due after more than one
year

10

(1,097,105

)

(1,091,042

)

PROVISIONS FOR LIABILITIES (662,248 ) (564,156 )
NET ASSETS 2,616,503 2,198,392

CAPITAL AND RESERVES
Called up share capital 4 4
Fair value reserve 12 2,705,964 2,279,211
Retained earnings (89,465 ) (80,823 )
SHAREHOLDERS' FUNDS 2,616,503 2,198,392

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

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

Killerby Estates Limited (Registered number: 10406353)

Balance Sheet - continued
31 March 2025


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 17 June 2025 and were signed on its behalf by:





Mr S Pye - Director


Killerby Estates Limited (Registered number: 10406353)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Killerby Estates 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
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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 10% on cost

Investment property
Investment properties are held to earn rental and letting income.

Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in fair value of investment properties are recognised in the fair value reserve in the period in which they arise. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Killerby Estates Limited (Registered number: 10406353)

Notes to the Financial Statements - continued
for the Year Ended 31 March 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 165,000
AMORTISATION
At 1 April 2024 82,500
Charge for year 8,250
At 31 March 2025 90,750
NET BOOK VALUE
At 31 March 2025 74,250
At 31 March 2024 82,500

Killerby Estates Limited (Registered number: 10406353)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 658,800
Additions 12,803
Disposals (75,705 )
At 31 March 2025 595,898
DEPRECIATION
At 1 April 2024 213,758
Charge for year 59,850
Eliminated on disposal (35,230 )
At 31 March 2025 238,378
NET BOOK VALUE
At 31 March 2025 357,520
At 31 March 2024 445,042

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024 60,705
Disposals (60,705 )
At 31 March 2025 -
DEPRECIATION
At 1 April 2024 26,558
Eliminated on disposal (26,558 )
At 31 March 2025 -
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 34,147

Killerby Estates Limited (Registered number: 10406353)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 18,879
At 31 March 2025 18,879
NET BOOK VALUE
At 31 March 2025 18,879

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 4,269,862
Additions 19,085
Revaluations 526,855
At 31 March 2025 4,815,802
NET BOOK VALUE
At 31 March 2025 4,815,802
At 31 March 2024 4,269,862

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2021 350,000
Valuation in 2022 1,221,186
Valuation in 2023 547,377
Valuation in 2024 695,279
Valuation in 2025 526,855
Cost 1,475,105
4,815,802

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.25 31.3.24
£    £   
Cost 1,456,020 1,456,020

Investment property was valued on an open market basis on 12 June 2025 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 11,371 34,963
Other debtors 7,716 7,692
19,087 42,655

Killerby Estates Limited (Registered number: 10406353)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 46,704 127,674
Hire purchase contracts - 6,784
Trade creditors 16,910 63,233
Taxation and social security 101,645 36,872
Other creditors 756,580 856,115
921,839 1,090,678

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 1,097,105 1,042,395
Hire purchase contracts - 48,647
1,097,105 1,091,042

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Bank loans 1,143,809 1,086,241

The bank loan is secured by a fixed and floating charge over the company's assets.

12. RESERVES
Fair
value
reserve
£   
At 1 April 2024 2,279,211
Revaluation in year 526,855
Deferred tax charge (100,102 )

At 31 March 2025 2,705,964

13. RELATED PARTY DISCLOSURES

At the year end £12,303 was owed from Killerby Estates Limited to SP Plumbing Limited, of which Mr S Pye and Mrs B Pye are both directors and shareholders (2024: £25,552). The loan is interest free and is repayable on demand.

At the year end £131,066 was owed from Killerby Estates Limited to Peasholm Estates Limited, of which Mr S Pye and Mrs B Pye are both directors and shareholders (2024: £263,548). The loan is interest free and is repayable on demand.