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REGISTERED NUMBER: 10322213 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Kearns Development Ltd

Kearns Development Ltd (Registered number: 10322213)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kearns Development Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: P P Kearns
Ms F Kearns





REGISTERED OFFICE: 127 High Street
Ruislip
Middlesex
HA4 8JN





REGISTERED NUMBER: 10322213 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Kearns Development Ltd (Registered number: 10322213)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 128,279 184,290

CURRENT ASSETS
Stocks 1,744,674 3,455,259
Debtors 6 5,302,693 3,953,764
Cash at bank and in hand 1,238,553 279,920
8,285,920 7,688,943
CREDITORS
Amounts falling due within one
year

7

633,977

962,017
NET CURRENT ASSETS 7,651,943 6,726,926
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,780,222

6,911,216

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 7,780,122 6,911,116
SHAREHOLDERS' FUNDS 7,780,222 6,911,216

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

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

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 20 August 2025 and were signed on its behalf by:





P P Kearns - Director


Kearns Development Ltd (Registered number: 10322213)

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

1. STATUTORY INFORMATION

Kearns Development Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 25% on cost, 20% on reducing balance and 20% on cost

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.

Hire purchase and leasing commitments
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.

4. EMPLOYEES AND DIRECTORS

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

Kearns Development Ltd (Registered number: 10322213)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 330,658
Additions 5,701
Disposals (33,567 )
At 31 January 2025 302,792
DEPRECIATION
At 1 February 2024 146,368
Charge for year 36,537
Eliminated on disposal (8,392 )
At 31 January 2025 174,513
NET BOOK VALUE
At 31 January 2025 128,279
At 31 January 2024 184,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 5,114,099 3,676,437
Other debtors 188,594 277,327
5,302,693 3,953,764

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade creditors 232,798 406,028
Taxation and social security 1,320 31,150
Other creditors 399,859 524,839
633,977 962,017

8. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 31.1.25 31.1.24
value: £    £   
100 Share capital 1 £1 100 100

9. RELATED PARTY DISCLOSURES

At the year end included in trade debtors is a balance of £517,133 (2024: £881,606) owed by Kearns Residential Limited, a balance of £966,623 (2024: £1,216,623) owed by Kearns (Chippendale Way) Limited, a balance of £396,935 (2024: £348,659) owed by Kearns Property Limited, a balance of £2,984,329 (2024: £1,104,377) owed by Kearns Enterprises Limited [formerly Kearns Residential (West Drayton) Ltd] and a balance of £99,907 (2024: nil) owed by Kearns (Boston Manor) Limited. Mr P Kearns and Ms F Kearns are directors and shareholders of these companies, except for Kearns (Chippendale Way) Limited and Kearns (Boston Manor) Limited, where only Mr P Kearns is a director and shareholder.

10. ULTIMATE CONTROLLING PARTY

Mr P P Kearns and Ms F Kearns are the ultimate controlling parties