Registration number: 13533514

KRP Developments Limited

Contents

Balance Sheet	1
Statement of Changes in Equity	2
Notes to the Unaudited Financial Statements	3 to 8

KRP Developments Limited

(Registration number: 13533514)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	85,598	53,890
Current assets
Debtors	5	395,228	48,068
Cash at bank and in hand		94,085	146,670
		489,313	194,738
Creditors: Amounts falling due within one year	6	(325,917)	(149,532)
Net current assets		163,396	45,206
Total assets less current liabilities		248,994	99,096
Creditors: Amounts falling due after more than one year	6	(154,892)	(16,293)
Provisions for liabilities		-	(8,710)
Net assets		94,102	74,093
Capital and reserves
Called up share capital		1	1
Capital redemption reserve		1	1
Retained earnings		94,100	74,091
Shareholders' funds		94,102	74,093

For the financial year ending 31 July 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2025 and signed on its behalf by:
 

......................................... Mr M Mallon Director

KRP Developments Limited

Statement of Changes in Equity for the Year Ended 31 July 2025

	Share capital £	Capital redemption reserve £	Retained earnings £	Total £
At 1 August 2024	1	1	74,091	74,093
Profit for the year	-	-	169,499	169,499
Dividends	-	-	(149,490)	(149,490)
At 31 July 2025	1	1	94,100	94,102

	Share capital £	Capital redemption reserve £	Retained earnings £	Total £
At 1 August 2023	2	-	52,149	52,151
Profit for the year	-	-	38,697	38,697
Purchase of own share capital	(1)	-	(16,755)	(16,756)
Other capital redemption reserve movements	-	1	-	1
At 31 July 2024	1	1	74,091	74,093

KRP Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 3, Ground Floor
The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH

These financial statements were authorised for issue by the Board on 12 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

KRP Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Office equipment	33% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

KRP Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 5).

KRP Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	383	54,450	54,833
Additions	2,628	49,995	52,623
At 31 July 2025	3,011	104,445	107,456
Depreciation
At 1 August 2024	276	667	943
Charge for the year	179	20,736	20,915
At 31 July 2025	455	21,403	21,858
Carrying amount
At 31 July 2025	2,556	83,042	85,598
At 31 July 2024	107	53,783	53,890

5

Debtors

Current	2025 £	2024 £
Trade debtors	378,677	33,886
Prepayments	10,466	731
Other debtors	6,085	13,451
	395,228	48,068

KRP Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	30,909	6,405
Trade creditors		166,822	83,523
Taxation and social security		123,973	49,270
Accruals and deferred income		3,400	3,500
Other creditors		813	6,834
		325,917	149,532

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	154,892	16,293

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	88,799	-
Hire purchase contracts	66,093	16,293
	154,892	16,293

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	9,796	-
Hire purchase contracts	21,113	6,405
	30,909	6,405

8	Related party transactions

Transactions with directors

KRP Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

2025	At 1 August 2024 £	At 31 July 2025 £
Mr M Mallon
Martin Mallon	7,767	7,767

2024	At 1 August 2023 £	Advances to director £	Repayments by director £	At 31 July 2024 £
Mr M Mallon
Martin Mallon	10,194	7,750	(10,177)	7,767