Kilo Homes Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of Kilo Homes Limited for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Kilo Homes Limited for the year ended 31 December 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Kilo Homes Limited , as a body, in accordance with the terms of our engagement letter dated 4 December 2024. Our work has been undertaken solely to prepare for your approval the accounts of Kilo Homes Limited and state those matters that we have agreed to state to the directors of Kilo Homes Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kilo Homes Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Kilo Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Kilo Homes Limited . You consider that Kilo Homes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Kilo Homes Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Signed

ERC Accountants and Business Advisers Ltd

24 September 2025

ERC Accountants & Business Advisers Limited

Chartered Accountants

Hanover Buildings, 11-13 Hanover Street

Liverpool

Merseyside

L1 3DN

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Kilo Homes Limited

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 13011409

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		7,173		9,564

			7,173		9,564
CURRENT ASSETS
Stocks	5	-		400,759
Debtors	6	364,539		365,537
Cash at bank and in hand		735		53

		365,274		766,349
Creditors: Amounts Falling Due Within One Year	7	(456,839 )		(717,964 )

NET CURRENT ASSETS (LIABILITIES)			(91,565 )		48,385

TOTAL ASSETS LESS CURRENT LIABILITIES			(84,392 )		57,949

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,363 )		(14,479 )

NET (LIABILITIES)/ASSETS			(85,755 )		43,470

CAPITAL AND RESERVES
Called up share capital	8		3		3
Profit and Loss Account			(85,758 )		43,467

SHAREHOLDERS' FUNDS			(85,755)		43,470

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Kilo Homes Limited

Balance Sheet (continued)

As At 31 December 2024

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr K A Loughrey

Director

24 September 2025

The notes on pages 4 to 6 form part of these financial statements.

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Kilo Homes Limited

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Kilo Homes Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13011409 . The registered office is 30 Shetland Close Fearnhead, Warrington, Cheshire, WA2 0UW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis in preparing the annual financial statements.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery	25% - reducing balance
Motor vehicles	25% - reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

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Kilo Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
As at 1 January 2024	2,003	15,000	17,003

As at 31 December 2024	2,003	15,000	17,003

Depreciation
As at 1 January 2024	876	6,563	7,439
Provided during the period	282	2,109	2,391

As at 31 December 2024	1,158	8,672	9,830

Net Book Value
As at 31 December 2024	845	6,328	7,173

As at 1 January 2024	1,127	8,437	9,564

5. Stocks

	31 December 2024	31 December 2023
	£	£
Stock	-	400,759

6. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	-	2,700
Other debtors	364,539	362,837

	364,539	365,537

7. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Trade creditors	-	1,240
Bank loans and overdrafts	-	241,084
Other creditors	456,839	475,640

	456,839	717,964

8. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	3	3

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Kilo Homes Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

9. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

10. Related Party Transactions

The following related party transactions were undertaken during the year:

A director introduced amounts totalling £1,765 and withdrew amounts totalling £nil (2023: introduced amounts totalling £2,478 and withdrew amounts totalling £nil). At the balance sheet date the directors was owed £32,579 (2023: £30,814) from the company.

A director introduced amounts totalling £nil and withdrew amounts totalling £nil (2023: introduced amounts totalling £14,900 and withdrew amounts totalling £nil). At the balance sheet date the director was owed £33,544 (2023: £33,544) from the company.

A director introduced amounts totalling £nil and withdrew amounts totalling £nil (2023: introduced amounts totalling £4,000 and withdrew amounts totalling £nill). At the balance sheet date the director was owed £22,644 (2023: £22,644) from the company.

A company under common control loaned Kilo Homes Limited amounts totalling £nil and was repaid £20,000 (2023: loaned amounts totalling £215,801 and reapid £nil) during the period. At the balance sheet date Kilo Homes Limited owed a company under common control £365,984 (2023: £385,984).

A company under common control was loaned £11,800 and repaid amounts totalling £5,969 (2023: loaned amounts totalling £347,997 during the period by Kilo Homes Limited). At the balance sheet date Kilo Homes Limited was owed £353,827 (2023: £347,997) by a company under common control.

No dividends were paid to directors in respect of their shareholdings.

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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