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Company Registration No. 09866967 (England and Wales)
K&T Holdings Limited Unaudited accounts for the year ended 31 December 2024
K&T Holdings Limited Unaudited accounts Contents
Page
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K&T Holdings Limited Company Information for the year ended 31 December 2024
Directors
Mr Terence Trewern Mrs Kathleen Trewern
Company Number
09866967 (England and Wales)
Registered Office
Hunters Lodge Virginstowe Beaworthy Devon EX21 5EA United Kingdom
Accountants
The Fresh Accountancy Company Limited Orchard House Clyst St Mary Exeter Devon EX5 1BR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of K&T Holdings Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of K&T Holdings Limited for the year ended 31 December 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
The Fresh Accountancy Company Limited Chartered Accountants Orchard House Clyst St Mary Exeter Devon EX5 1BR 6 August 2025
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K&T Holdings Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,520,825 
1,156,867 
Current assets
Debtors
23,560 
9,569 
Cash at bank and in hand
12,582 
9,535 
36,142 
19,104 
Creditors: amounts falling due within one year
(165,793)
(172,971)
Net current liabilities
(129,651)
(153,867)
Total assets less current liabilities
1,391,174 
1,003,000 
Creditors: amounts falling due after more than one year
(526,302)
(545,111)
Provisions for liabilities
Deferred tax
(69,098)
- 
Net assets
795,774 
457,889 
Capital and reserves
Called up share capital
4,999 
5,001 
Capital redemption reserve
1 
- 
Profit and loss account
790,774 
452,888 
Shareholders' funds
795,774 
457,889 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by
Mr Terence Trewern Director Company Registration No. 09866967
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K&T Holdings Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
K&T Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 09866967. The registered office is Hunters Lodge, Virginstowe, Beaworthy, Devon, EX21 5EA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 December 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2023. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% RB
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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K&T Holdings Limited Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At valuation 
At cost 
At 1 January 2024
1,156,514 
718 
1,157,232 
Additions
- 
375 
375 
Revaluations
363,675 
- 
363,675 
At 31 December 2024
1,520,189 
1,093 
1,521,282 
Depreciation
At 1 January 2024
- 
365 
365 
Charge for the year
- 
92 
92 
At 31 December 2024
- 
457 
457 
Net book value
At 31 December 2024
1,520,189 
636 
1,520,825 
At 31 December 2023
1,156,514 
353 
1,156,867 
The freehold land and building class of fixed assets was revalued on 31st December 2024 by the director who is not a RICS certified surveyor. The values were obtained by comparing to similar properties currently on the market. The basis of this valuation was to reflect the revised market value of the asset. This class of assets has a current value of £1,520,189 (2024 - £1,156,514 and a carrying amount at historical cost of £1,156,514,(2024- £1,516,514).
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,521 
7,646 
Amounts due from group undertakings etc.
1,602 
- 
Accrued income and prepayments
1,437 
1,923 
23,560 
9,569 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
33,593 
33,593 
VAT
4,596 
3,370 
Trade creditors
581 
- 
Taxes and social security
11,455 
17,838 
Other creditors
7,180 
9,439 
Loans from directors
86,213 
102,507 
Accruals
- 
568 
Deferred income
22,175 
5,656 
165,793 
172,971 
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K&T Holdings Limited Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
416,302 
435,111 
Other creditors
110,000 
110,000 
526,302 
545,111 
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
(294,486)
- 
Revaluation of investment property
363,584 
- 
69,098 
- 
2024 
2023 
£ 
£ 
Charged to the profit and loss account
69,098 
- 
Provision at end of year
69,098 
- 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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