Company No: 04408797 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	19,200		24,000
Tangible assets	4	1,207,479		1,244,576
		1,226,679		1,268,576
Current assets
Debtors	5	0		14,331
Cash at bank and in hand		237,766		120,037
		237,766		134,368
Creditors: amounts falling due within one year	6	( 101,477)		( 75,530)
Net current assets		136,289		58,838
Total assets less current liabilities		1,362,968		1,327,414
Provision for liabilities	7	( 6,748)		0
Net assets		1,356,220		1,327,414
Capital and reserves
Called-up share capital	8	100		100
Profit and loss account		1,356,120		1,327,314
Total shareholders' funds		1,356,220		1,327,414

For the financial year ending 31 May 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of J Kayley Limited (registered number: 04408797) were approved and authorised for issue by the Director on 01 September 2025. They were signed on its behalf by:

Mr J Kayley Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

J Kayley Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Rill Estate, Colston Road, Buckfastleigh, TQ11 0LW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company's activities. Turnover is shown net of value added tax.

The Company recognises revenue based on its value of the service provided to date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	10 years straight line
Fixtures and fittings	6.67 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be
paid or received, after taking account of impairment adjustments.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	0		0

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 June 2024	48,000		48,000
At 31 May 2025	48,000		48,000
Accumulated amortisation
At 01 June 2024	24,000		24,000
Charge for the financial year	4,800		4,800
At 31 May 2025	28,800		28,800
Net book value
At 31 May 2025	19,200		19,200
At 31 May 2024	24,000		24,000

4. Tangible assets

	Land and buildings		Plant and machinery		Fixtures and fittings		Total
	£		£		£		£
Cost
At 01 June 2024	1,341,246		62,458		26,835		1,430,539
At 31 May 2025	1,341,246		62,458		26,835		1,430,539
Accumulated depreciation
At 01 June 2024	133,932		32,624		19,407		185,963
Charge for the financial year	26,825		6,246		4,026		37,097
At 31 May 2025	160,757		38,870		23,433		223,060
Net book value
At 31 May 2025	1,180,489		23,588		3,402		1,207,479
At 31 May 2024	1,207,314		29,834		7,428		1,244,576

5. Debtors

	2025		2024
	£		£
Trade debtors	0		900
Other debtors	0		13,431
	0		14,331

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	0		1,024
Taxation and social security	38,707		13,304
Other creditors	62,770		61,202
	101,477		75,530

7. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	0		0
Charged to the Statement of Income and Retained Earnings	( 6,748)		0
At the end of financial year	( 6,748)		0

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

9. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Advances to the Director. Interest is charged at HMRCs official rate.	0		13,431