REGISTERED NUMBER: 11722882 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

KILMOON LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Mr A Truter

Registered office:

Bellevue House

Althorp Road

London

SW17 7ED

Registered number:

11722882 (England and Wales)

Accountants:

Cooper Parry Advisory Limited

New Derwent House

69-73 Theobalds Road

London

WC1X 8TA

Fixed assets

Investment property

4

6,000,000

5,500,000

Current assets

Debtors

5

192,127

151,700

Cash at bank

212,650

35,219

404,777

186,919

Creditors

Amounts falling due within one year

6

4,162,495

4,047,353

Net current liabilities

(3,757,718

)

(3,860,434

)

Total assets less current liabilities

2,242,282

1,639,566

Creditors

Amounts falling due after more than one year

7

(6,117

)

(12,355

)

Provisions for liabilities

(529,528

)

(404,528

)

Net assets

1,706,637

1,222,683

Capital and reserves

Called up share capital

8

1

1

Retained earnings

1,706,636

1,222,682

Shareholders' funds

1,706,637

1,222,683

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 September 2025 and were signed by:

Mr A Truter - Director

1.	Statutory information

Kilmoon Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents property rentals received.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4.	Investment property

Total

£

Fair value

At 1 January 2024

5,500,000

Revaluations

500,000

At 31 December 2024

6,000,000

Net book value

At 31 December 2024

6,000,000

At 31 December 2023

5,500,000

At the balance sheet date there was a fixed charge held over the investment property. The charge includes a negative pledge.

Fair value at 31 December 2024 is represented by:

£

Valuation in 2023

1,618,111

Valuation in 2024

500,000

Cost

3,881,889

6,000,000

5.

Debtors: amounts falling due within one year

2024

2023

£

£

Other debtors

192,127

151,700

6.

Creditors: amounts falling due within one year

2024

2023

£

£

Bank loans and overdrafts

7,256

8,274

Trade creditors

78,681

71,990

Taxation and social security

34,181

13,898

Other creditors

4,042,377

3,953,191

4,162,495

4,047,353

7.

Creditors: amounts falling due after more than one year

2024

2023

£

£

Bank loans

6,117

12,355

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

1

Ordinary

1

1

1