Kedleston Group Properties 2 Limited 16069792 true 2024-11-08 2024-12-31 2024-12-31 The principal activity of the company is as a property company. Digita Accounts Production Advanced 6.30.9574.0 true true 16069792 2024-11-08 2024-12-31 16069792 2024-12-31 16069792 bus:Consolidated 2024-12-31 16069792 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 16069792 core:LandBuildings 2024-12-31 16069792 bus:SmallEntities 2024-11-08 2024-12-31 16069792 bus:Audited 2024-11-08 2024-12-31 16069792 bus:FilletedAccounts 2024-11-08 2024-12-31 16069792 bus:SmallCompaniesRegimeForAccounts 2024-11-08 2024-12-31 16069792 bus:RegisteredOffice 2024-11-08 2024-12-31 16069792 bus:Director1 2024-11-08 2024-12-31 16069792 bus:Director2 2024-11-08 2024-12-31 16069792 bus:EntityHasNeverTraded 2024-11-08 2024-12-31 16069792 bus:PrivateLimitedCompanyLtd 2024-11-08 2024-12-31 16069792 core:LandBuildings 2024-11-08 2024-12-31 16069792 countries:EnglandWales 2024-11-08 2024-12-31 iso4217:GBP xbrli:pure

Registration number: 16069792

Prepared for the registrar

Kedleston Group Properties 2 Limited

Annual Report and Financial Statements

for the Period from 8 November 2024 to 31 December 2024

 

Kedleston Group Properties 2 Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

Kedleston Group Properties 2 Limited

Company Information

Directors

P A Brosnan

A R Hurran

Registered office

Unit 7 Brook Business Centre
Cowley Mill Road
Uxbridge
England
UB8 2FX

Auditors

Hazlewoods LLP
Windsor House
Bayshill Road
Cheltenham
GL50 3AT

 

Kedleston Group Properties 2 Limited

(Registration number: 16069792)
Balance Sheet as at 31 December 2024

Note

2024
£

Fixed assets

 

Tangible assets

5

679,067

Creditors: Amounts falling due within one year

6

(679,065)

Net assets

 

2

Capital and reserves

 

Called up share capital

2

Shareholders' funds

 

2

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 June 2025 and signed on its behalf by:
 


P A Brosnan
Director

 

Kedleston Group Properties 2 Limited

Notes to the Financial Statements for the Period from 8 November 2024 to 31 December 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7 Brook Business Centre
Cowley Mill Road
Uxbridge
England
UB8 2FX

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Name of parent of group

These financial statements are consolidated in the financial statements of Kyanite Limited.

The financial statements of Kyanite Limited may be obtained from One The Esplanade, St Helier, JE2 3QA upon written request to the Directors.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Judgements and estimation uncertainty

These financial statements do not contain any significant judgements or estimation uncertainty.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Assets in the course of construction represent works ongoing in the development of freehold land for future construction.

As the work has not been fully completed at the year end, and is therefore not ready to use, no depreciation has been charged in the period.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Kedleston Group Properties 2 Limited

Notes to the Financial Statements for the Period from 8 November 2024 to 31 December 2024

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss as described below.

A non financial asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

The recoverable amount of goodwill is derived from measurement of the present value of the future cash flows of the cash-generating units ('CGUs') of which the goodwill is a part. Any impairment loss in respect of a CGU is allocated first to the goodwill attached to that CGU, and then to other assets within that CGU on a pro-rata basis.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised. Where a reversal of impairment occurs in respect of a CGU, the reversal is applied first to the assets (other than goodwill) of the CGU on a pro-rata basis and then to any goodwill allocated to that CGU.

For financial assets carried at amortised cost, the amount of an impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

 

Kedleston Group Properties 2 Limited

Notes to the Financial Statements for the Period from 8 November 2024 to 31 December 2024

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was as follows:

Auditors' remuneration has been borne by a fellow group company.

 

5

Tangible assets

Freehold land and buildings
£

Cost and carrying amount

Additions

679,067

At 31 December 2024

679,067

 

6

Creditors

2024
£

Due within one year

Amounts due to group undertakings

679,065

 

7

Parent and ultimate parent undertaking

The company's immediate parent is Kyanite Limited, incorporated in Jersey.

 

 

8

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 9 June 2025 was Martin Howard, who signed for and on behalf of Hazlewoods LLP.