Company Registration No. 3404439 (England and Wales)
Kerrie Marie Limited
Unaudited accounts
for the year ended 31 December 2024
Kerrie Marie Limited
Unaudited accounts
Contents
Kerrie Marie Limited
Company Information
for the year ended 31 December 2024
Directors
Mr David Blower
Mrs Linda Blower
Secretary
Mrs Linda Blower
Company Number
3404439 (England and Wales)
Registered Office
Higher Tor House
Ogwell
Newton Abbot
Devon
TQ12 6BA
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
Kerrie Marie Limited
Statement of financial position
as at 31 December 2024
Tangible assets
21,533
3,158
Investment property
1,609,000
1,790,000
Cash at bank and in hand
187,237
78
Creditors: amounts falling due within one year
(123,503)
(37,419)
Net current assets/(liabilities)
63,809
(36,491)
Total assets less current liabilities
1,694,342
1,756,667
Creditors: amounts falling due after more than one year
-
(51,853)
Provisions for liabilities
Deferred tax
(60,947)
(64,653)
Net assets
1,633,395
1,640,161
Called up share capital
100
100
Profit and loss account
1,633,295
1,640,061
Shareholders' funds
1,633,395
1,640,161
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 25 September 2025 and were signed on its behalf by
Mrs Linda Blower
Director
Company Registration No. 3404439
Kerrie Marie Limited
Notes to the Accounts
for the year ended 31 December 2024
Kerrie Marie Limited is a private company, limited by shares, registered in England and Wales, registration number 3404439. The registered office is Higher Tor House, Ogwell, Newton Abbot, Devon, TQ12 6BA.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of rental income received in the ordinary course of the company's activities and is accounted for in the period that it relates.
Investment property is included at market fair value. The director uses observable market prices, adjusted where necessary for any difference in nature, location or condition. Gains are recognised in the income statement.
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:
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The company holds basic financial instruments in the form of short term debtors and creditors, bank loans and cash and bank balances.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss.
Kerrie Marie Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
-
16,845
16,845
Additions
2,110
19,495
21,605
At 31 December 2024
2,110
36,340
38,450
At 1 January 2024
-
13,687
13,687
Charge for the year
528
2,702
3,230
At 31 December 2024
528
16,389
16,917
At 31 December 2024
1,582
19,951
21,533
At 31 December 2023
-
3,158
3,158
Fair value at 1 January 2024
1,790,000
Net loss from fair value adjustments
(22,701)
At 31 December 2024
1,609,000
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
3,636
Obligations under finance leases and hire purchase contracts
1,250
3,000
Taxes and social security
103
28
Loans from directors
51,190
26,244
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,250
Kerrie Marie Limited
Notes to the Accounts
for the year ended 31 December 2024
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).