REGISTERED NUMBER: 05047382 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

KEAR PROPERTY DEVELOPMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

S D Kear

REGISTERED OFFICE:

1 Bishopstone Close

Matchborough East

REDDITCH

Worcestershire

B98 0AT

REGISTERED NUMBER:

05047382 (England and Wales)

ACCOUNTANTS:

Bernard Rogers & Co

Payton House

Guild Street

Stratford-upon-Avon

Warwickshire

CV37 6RP

FIXED ASSETS

Tangible assets

4

13,791

18,388

CURRENT ASSETS

Debtors

5

450,640

421,383

Cash at bank

532,610

540,643

983,250

962,026

CREDITORS

Amounts falling due within one year

6

67,417

143,886

NET CURRENT ASSETS

915,833

818,140

TOTAL ASSETS LESS CURRENT LIABILITIES

929,624

836,528

CREDITORS

Amounts falling due after more than one year

7

(6,154

)

(16,509

)

PROVISIONS FOR LIABILITIES

(2,620

)

(3,448

)

NET ASSETS

920,850

816,571

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

920,750

816,471

920,850

816,571

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 23 October 2025 and were signed by:

S D Kear - Director

1.	STATUTORY INFORMATION

Kear Property Developments 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.

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.

Turnover

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

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

27,241

15,850

1,898

44,989

DEPRECIATION

At 1 April 2024

12,186

13,029

1,386

26,601

Charge for year

3,764

705

128

4,597

At 31 March 2025

15,950

13,734

1,514

31,198

NET BOOK VALUE

At 31 March 2025

11,291

2,116

384

13,791

At 31 March 2024

15,055

2,821

512

18,388

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

354

26,692

Other debtors

450,286

394,691

450,640

421,383

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,354

86,153

Trade creditors

20,714

14,908

Taxation and social security

36,349

41,825

Other creditors

-

1,000

67,417

143,886

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,154

16,509

8.	RELATED PARTY DISCLOSURES

During the year, the director’s current account remained overdrawn, the maximum amount and the year end balance was £343,042 (2024 - £293,212).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S D Kear.