Silverfin false false 31/03/2025 01/04/2024 31/03/2025 B M Kelly 29/10/2003 S A Kelly-Barber 29/10/2003 16 September 2025 The principal activity of the Company during the financial year was that of a holding company and property rental. 04946759 2025-03-31 04946759 bus:Director1 2025-03-31 04946759 bus:Director2 2025-03-31 04946759 2024-03-31 04946759 core:CurrentFinancialInstruments 2025-03-31 04946759 core:CurrentFinancialInstruments 2024-03-31 04946759 core:Non-currentFinancialInstruments 2025-03-31 04946759 core:Non-currentFinancialInstruments 2024-03-31 04946759 core:ShareCapital 2025-03-31 04946759 core:ShareCapital 2024-03-31 04946759 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 04946759 core:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 04946759 core:CapitalRedemptionReserve 2025-03-31 04946759 core:CapitalRedemptionReserve 2024-03-31 04946759 core:RetainedEarningsAccumulatedLosses 2025-03-31 04946759 core:RetainedEarningsAccumulatedLosses 2024-03-31 04946759 core:LandBuildings 2024-03-31 04946759 core:PlantMachinery 2024-03-31 04946759 core:LandBuildings 2025-03-31 04946759 core:PlantMachinery 2025-03-31 04946759 core:CostValuation 2024-03-31 04946759 core:CostValuation 2025-03-31 04946759 bus:OrdinaryShareClass1 2025-03-31 04946759 2024-04-01 2025-03-31 04946759 bus:FilletedAccounts 2024-04-01 2025-03-31 04946759 bus:SmallEntities 2024-04-01 2025-03-31 04946759 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 04946759 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 04946759 bus:Director1 2024-04-01 2025-03-31 04946759 bus:Director2 2024-04-01 2025-03-31 04946759 core:LandBuildings core:TopRangeValue 2024-04-01 2025-03-31 04946759 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 04946759 2023-04-01 2024-03-31 04946759 core:LandBuildings 2024-04-01 2025-03-31 04946759 core:PlantMachinery 2024-04-01 2025-03-31 04946759 core:Non-currentFinancialInstruments 2024-04-01 2025-03-31 04946759 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 04946759 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 04946759 (England and Wales)

# KELLY BROS HOLDINGS LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

KELLY BROS HOLDINGS LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

KELLY BROS HOLDINGS LIMITED

## BALANCE SHEET

As at 31 March 2025
KELLY BROS HOLDINGS LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,575,369 |  | 2,635,442
Investment property | 4 | 1,375,000 |  | 1,375,000
Investments | 5 | 400 |  | 400
|  | 3,950,769 |  | 4,010,842
Current assets |  |  |  |
Debtors | 6 | 21,124 |  | 199,708
Cash at bank and in hand |  | 5,920 |  | 3,587
|  | 27,044 |  | 203,295
Creditors: amounts falling due within one year | 7 | ( 95,807) |  | ( 117,143)
Net current (liabilities)/assets |  | (68,763) |  | 86,152
Total assets less current liabilities |  | 3,882,006 |  | 4,096,994
Creditors: amounts falling due after more than one year | 8 | ( 439,965) |  | ( 600,126)
Provision for liabilities |  | ( 172,065) |  | ( 187,083)
Net assets |  | 3,269,976 |  | 3,309,785
Capital and reserves |  |  |  |
Called-up share capital | 9 | 167 |  | 167
Fair value reserve |  | 803,202 |  | 803,202
Capital redemption reserve |  | 33 |  | 33
Profit and loss account |  | 2,466,574 |  | 2,506,383
Total shareholders' funds |  | 3,269,976 |  | 3,309,785

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

Directors' 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 directors acknowledge 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 Kelly Bros Holdings Limited (registered number: 04946759) were approved and authorised for issue by the Board of Directors on 16 September 2025. They were signed on its behalf by:

B M Kelly Director |

KELLY BROS HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
KELLY BROS HOLDINGS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

Kelly Bros Holdings 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 Drumcoo House, 1 Hawkesworth Road, Yate, BS37 5NW, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

##### Turnover

Turnover comprises the fair value of rent receivable in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### 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.

##### 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, reducing balance] basis over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 5 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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Fixed asset investments

Investments are measured at cost less impairment.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 2,811,982 |  | 57,500 |  | 2,869,482
At 31 March 2025 | 2,811,982 |  | 57,500 |  | 2,869,482
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 180,373 |  | 53,667 |  | 234,040
Charge for the financial year | 56,240 |  | 3,833 |  | 60,073
At 31 March 2025 | 236,613 |  | 57,500 |  | 294,113
Net book value |  |  |  |  |
At 31 March 2025 | 2,575,369 |  | 0 |  | 2,575,369
At 31 March 2024 | 2,631,609 |  | 3,833 |  | 2,635,442

Included within the net book value of £2,575,369 (2024 - £2,635,442) is £Nil (2024 - £3,833) relating to assets held under hire purchase agreements. The depreciation charged to the accounts in the year in respect of such assets amounted to £3,833 (2024 - £11,500).

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 April 2024 | 1,375,000
As at 31 March 2025 | 1,375,000

Valuation

Freehold investment property of £1,375,000 (2024 - £1,375,000) is included within investment properties. The fair value of freehold investment property is based on the directors’ best estimate, having considered properties of a similar nature, condition and location.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 571,798 |  | 571,798

#### 5. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 April 2024 | 400
At 31 March 2025 | 400
Carrying value at 31 March 2025 | 400
Carrying value at 31 March 2024 | 400

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Amounts owed by Group undertakings | 21,014 |  | 177,507
Other debtors | 110 |  | 22,201
| 21,124 |  | 199,708

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 57,535 |  | 54,909
Trade creditors | 837 |  | 492
Amounts owed to Group undertakings | 100 |  | 100
Taxation and social security | 30,740 |  | 52,057
Obligations under finance leases and hire purchase contracts | 0 |  | 3,450
Other creditors | 6,595 |  | 6,135
| 95,807 |  | 117,143

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 439,965 |  | 600,126

Bank loans of £497,500 (2024 - £655,035) are secured via fixed charges on all properties held by the company and a
floating charge over the assets of the company and its subsidiaries.

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
1,667 Ordinary shares of £ 0.10 each | 167 |  | 167