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REGISTERED NUMBER: 01289674 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Kostic Development Company Limited

Kostic Development Company Limited (Registered number: 01289674)






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


Kostic Development Company Limited

Company Information
for the Year Ended 31 March 2025







Directors: T Kostic
T A Kostic





Secretary: Mrs P Kostic





Registered office: 62 Park Street
Bridgend
Mid Glamorgan
CF31 4BB





Registered number: 01289674 (England and Wales)





Accountants: Curtis Bowden & Thomas Limited
Chartered Certified Accountants
9 Court Road
Bridgend
CF31 1BE

Kostic Development Company Limited (Registered number: 01289674)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
Fixed assets
Tangible assets 4 25,046 12,782
Investment property 5 1,136,449 1,143,805
1,161,495 1,156,587

Current assets
Stocks 750 750
Debtors 6 987,435 933,385
Cash at bank 538,168 577,226
1,526,353 1,511,361
Creditors
Amounts falling due within one year 7 129,778 148,125
Net current assets 1,396,575 1,363,236
Total assets less current liabilities 2,558,070 2,519,823

Provisions for liabilities 6,024 2,766
Net assets 2,552,046 2,517,057

Capital and reserves
Called up share capital 8 100 100
Retained earnings 2,551,946 2,516,957
Shareholders' funds 2,552,046 2,517,057

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.

Kostic Development Company Limited (Registered number: 01289674)

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 13 August 2025 and were signed on its behalf by:





T A Kostic - Director


Kostic Development Company Limited (Registered number: 01289674)

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

1. Statutory information

Kostic Development Company 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.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on 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 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.

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.

3. Employees and directors

The average number of employees during the year was 4 (2024 - 4 ) .

Kostic Development Company Limited (Registered number: 01289674)

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

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 April 2024 89,755
Additions 20,460
Disposals (2,250 )
At 31 March 2025 107,965
Depreciation
At 1 April 2024 76,973
Charge for year 8,195
Eliminated on disposal (2,249 )
At 31 March 2025 82,919
Net book value
At 31 March 2025 25,046
At 31 March 2024 12,782

5. Investment property
Total
£   
Fair value
At 1 April 2024 1,143,805
Additions 21,709
Disposals (29,065 )
At 31 March 2025 1,136,449
Net book value
At 31 March 2025 1,136,449
At 31 March 2024 1,143,805

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Trade debtors 475 -
Other debtors 986,960 933,385
987,435 933,385

7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£    £   
Taxation and social security 18,739 19,782
Other creditors 111,039 128,343
129,778 148,125

Kostic Development Company Limited (Registered number: 01289674)

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

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
78 Ordinary 1 78 78
22 A Ordinary shares 1 22 22
100 100

9. Related party disclosures

Mr T Kostic the company director is also the director and shareholder of Kostic Property Company Limited.

As at 1st April 2024, there was an amount of £27,491 due to Kostic Property Company Limited. There was an amount of £240 repaid during the year. Closing balance at 31st March 2025 £27,251.

There is an amount of £931,059 included in debtors in respect of the amount due from Kostic Investment Company Limited (31st March 2024 £930,765)







10. Ultimate controlling party

The ultimate controlling party is T Kostic.

The company is controlled by the director Mr T Kostic & his close family by virtue of the fact that they hold all of the company's issued share capital