REGISTERED NUMBER: 04514439 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Klyne & Klyne (Holdings) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr M M D Klyne

REGISTERED OFFICE:

Reedham House

31 King Street West

Manchester

Greater Manchester

M3 2PJ

BUSINESS ADDRESS:

Cornbrook, 2 Brindley Road

Old Trafford

Manchester

M16 9HQ

REGISTERED NUMBER:

04514439 (England and Wales)

ACCOUNTANTS:

Freedman Frankl & Taylor

Chartered Accountants

Reedham House

31 King Street West

Manchester

M3 2PJ

FIXED ASSETS

Tangible assets

4

-

1,425,715

Investments

5

284,100

594,100

Investment property

6

7,251,222

-

7,535,322

2,019,815

CURRENT ASSETS

Debtors

7

2,496,974

1,248,640

Cash at bank

5,132

6,917

2,502,106

1,255,557

CREDITORS

Amounts falling due within one year

8

(6,490,617

)

(816,576

)

NET CURRENT (LIABILITIES)/ASSETS

(3,988,511

)

438,981

TOTAL ASSETS LESS CURRENT LIABILITIES

3,546,811

2,458,796

CREDITORS

Amounts falling due after more than one year

9

(647,369

)

(710,526

)

PROVISIONS FOR LIABILITIES

(505,820

)

(168,353

)

NET ASSETS

2,393,622

1,579,917

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,393,522

1,579,817

SHAREHOLDERS' FUNDS

2,393,622

1,579,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 29 September 2025 and were signed by:

Mr M M D Klyne - Director

1.	STATUTORY INFORMATION

Klyne & Klyne (Holdings) 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Klyne & Klyne (Holdings) Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Interest

Bank and other interest is recognised in the period in which it was received.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

2% on cost

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less impairment.

Investment property

Interest in investment properties is stated at an open market value with no depreciation being provided in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102.

Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

Going concern

The company's financial statements for the year ended 31 December 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST OR VALUATION

At 1 January 2024

2,119,611

Revaluations

880,389

Reclassification/transfer

(3,000,000

)

At 31 December 2024

-

DEPRECIATION

At 1 January 2024

693,896

Revaluation adjustments

(693,896

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

1,425,715

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

594,100

Impairments

(310,000

)

At 31 December 2024

284,100

NET BOOK VALUE

At 31 December 2024

284,100

At 31 December 2023

594,100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

4,251,222

Reclassification/transfer

3,000,000

At 31 December 2024

7,251,222

NET BOOK VALUE

At 31 December 2024

7,251,222

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

880,389

Cost

6,370,833

7,251,222

The director considers the market value of the investment property not to be materially different to the value shown in the financial statements as at 31 December 2024.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

2,190,651

945,453

Other debtors

306,323

303,187

2,496,974

1,248,640

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

63,158

63,158

Trade creditors

180

-

Taxation and social security

29,528

37,641

Other creditors

6,397,751

715,777

6,490,617

816,576

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

647,369

710,526

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

710,527

773,684

Other creditors

-

220,000

710,527

993,684

11.	RELATED PARTY DISCLOSURES

At 31 December 2024, other creditors included £507,235 (2023: £403,116) in respect of the director's current accounts.There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.

The finance facilities of the company are secured by a personal guarantee by the shareholders.