Kaylock Estates Ltd

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Chartered Accountants' report to the director on the preparation of the unaudited statutory accounts of Kaylock Estates Ltd for the year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kaylock Estates Ltd 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 firm 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 director of Kaylock Estates Ltd , as a body, in accordance with the terms of our engagement letter dated 26 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Kaylock Estates Ltd and state those matters that we have agreed to state to the director of Kaylock Estates Ltd , 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 Kaylock Estates Ltd and its director, as a body, for our work or for this report.

It is your duty to ensure that Kaylock Estates Ltd 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 Kaylock Estates Ltd . You consider that Kaylock Estates Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Kaylock Estates Ltd . 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.

19/09/2025

Elementary Accountancy Services Limited

36 Dearne Hall Lane

Barnsley

S751FX

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Kaylock Estates Ltd

Balance Sheet

As At 31 December 2024

Balance Sheet

Registered number: 10129786

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		338,872		319,083

			338,872		319,083
CURRENT ASSETS
Debtors	5	28,909		28,128
Cash at bank and in hand		835		364

		29,744		28,492
Creditors: Amounts Falling Due Within One Year	6	(299,629 )		(262,943 )

NET CURRENT ASSETS (LIABILITIES)			(269,885 )		(234,451 )

TOTAL ASSETS LESS CURRENT LIABILITIES			68,987		84,632

Creditors: Amounts Falling Due After More Than One Year	7		(16,903 )		(20,477 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(17,320 )		(13,875 )

NET ASSETS			34,764		50,280

CAPITAL AND RESERVES
Called up share capital	10		103		103
Share premium account			55,898		55,898
Revaluation reserve	11		67,194		53,411
Profit and Loss Account			(88,431 )		(59,132 )

SHAREHOLDERS' FUNDS			34,764		50,280

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Kaylock Estates Ltd

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Nathan Winch

Director

19/09/2025

The notes on pages 4 to 7 form part of these financial statements.

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Kaylock Estates Ltd

Notes to the Financial Statements

For The Year Ended 31 December 2024

Notes to the Financial Statements

1. General Information

Kaylock Estates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10129786 . The registered office is 46 Park Place , Leeds , LS1 2RY.

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

Despite the company’s net current liabilities position, the directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. This is due to short term borrowing used to purchase fixed assets, the company has net assets overall. The company currently has a short-term bridging loan which the Director is actively looking to refinance to a long term financing option such as a mortgage which would improve the position considerably.

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. Turnover is recognised when the services have been delivered.

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 & Machinery	25% Straight Line
Fixtures & Fittings	25% Straight Line

2.5. Investment Properties

All investment properties are carried at fair value determined by either a profesional valuation carried out by a qualified profesional surveyor or the directors estimate. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

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

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Kaylock Estates Ltd

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: 1 (2023: 1)

4. Tangible Assets

	Investment Properties	Fixtures & Fittings	Total
	£	£	£
Cost or Valuation
As at 1 January 2024	316,998	16,816	333,814
Additions	7,217	-	7,217
Revaluation	13,783	-	13,783

As at 31 December 2024	337,998	16,816	354,814

Depreciation
As at 1 January 2024	-	14,731	14,731
Provided during the period	-	1,211	1,211

As at 31 December 2024	-	15,942	15,942

Net Book Value
As at 31 December 2024	337,998	874	338,872

As at 1 January 2024	316,998	2,085	319,083

Investment properties have either been professionally revalued by qualified chartered surveyors in the prior year, or revalued by the director using current market conditions and his knowledge of the market. The chartered surveyors used were: Countrtywide Surveyors, 2 Boundry Court, Willow Farm Business Park, Castle Donnington.

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	35	35
Prepayments and accrued income	4,662	1,710
Other debtors	-	6
Amounts owed by group undertakings	24,212	26,377

	28,909	28,128

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	-	3,950
Bank loans and overdrafts	217,325	216,900
Accruals and deferred income	966	236
Amounts owed to parent undertaking	81,338	41,857

	299,629	262,943

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	16,903	20,477

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Kaylock Estates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2024		2023
	£		£
Bank loans	1,670		5,621

8. Secured Creditors

Of the creditors the following amounts are secured.

	2024		2023
	£		£
Bank loans and overdrafts	21,370		213,750

9. Deferred Taxation

There are tax losses carried forward of £22,680 (2023: £7,207). These have not been provided for as there cannot be certainty of future relief.

The provision for deferred tax relates to the fair value gain on property investment and is made up as follows:

	2024	2023
	£	£
Other timing differences	17,320	13,875

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	103	103

11. Reserves

	Revaluation Reserve
	£
As at 1 January 2024	53,411
Surplus on revaluation	13,783

As at 31 December 2024	67,194

12. Related Party Transactions

Sales included services provided to other entities which were under the same control as this entity totalling £8,648 (2023: £780).

Cost of sales included £3,306 (2023: Nil) invoiced from other entities under the same control as this entity.

Interest payable includes £4,000 (2023: £9,800) to an entity which controls this entity.

An amount of £24,211 (2023: £26,377) is owed by entities under the same control as this entity. These are considered repayable on demand and attarct no interest.

An amount of £87,158 (2023: £41,857) is owed to entities under the same control as this entity. These are considered repayable on demand and attract no interest.

13. Ultimate Parent Undertaking and Controlling Party

The company's ultimate parent undertaking is Winch & Co Capital Ltd . Winch & Co Capital Ltd was incorporated in England.The registered office of Winch & Co Capital Ltd is 46 Park Place, Leeds, LS1 2RY .

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Kaylock Estates Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

14. Off-Balance Sheet Arrangements

The company is entitled to recieve the following under lease commitments signed at the year end:

Within one year: £1,140 (2023: £1,140)

Over one year: £1,140 (2023: £2,280)

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