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Registration number: NI019912

Killeter Limited
Unaudited Filleted Financial Statements
for the Year Ended 28 February 2025

Killeter Limited

(Registration number: NI019912)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 842,609 | 842,609
Current assets |  |  |
Stocks |  | 116,761 | 116,761
Debtors | 5 | 11,333 | -
Cash at bank and in hand |  | 975 | 408
|  | 129,069 | 117,169
Creditors: Amounts falling due within one year | 6 | (4,876) | (240,543)
Net current assets/(liabilities) |  | 124,193 | (123,374)
Total assets less current liabilities |  | 966,802 | 719,235
Provisions for liabilities |  | (6,482) | (6,482)
Net assets |  | 960,320 | 712,753
Capital and reserves |  |  |
Called up share capital | 7 | 100 | 100
Revaluation reserve |  | 219,182 | 219,182
Retained earnings |  | 741,038 | 493,471
Shareholders' funds |  | 960,320 | 712,753

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
• | The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Killeter Limited

(Registration number: NI019912)
Balance Sheet as at 28 February 2025

Approved and authorised by the director on 9 October 2025

......................................... Mr William Douglas Stevenson Director

Killeter Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1 | General information

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

The address of its registered office is: 10 Sanda Road, Newtownabbey, County Antrim, BT37 9UB.

These financial statements were authorised for issue by the director on 9 October 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 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The values reflect observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Killeter Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

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.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Killeter Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

4 | Investment properties

| 2025 £
At 1 March 2021 | 842,609

The director valued the investment properties at £842,609 as at 28th February 2025. The historical cost of these properties was £616,945.

5 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,295 | -
Other debtors | 10,038 | -
| 11,333 | -

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Taxation and social security | 2,802 | 983
Accruals | 1,235 | 1,080
Other creditors | 839 | 238,480
| 4,876 | 240,543

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £1 each | 100 | 100 | 100 | 100

Killeter Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

8 | Related party transactions

The management charge is from a related party as follows:-

| 2025 |  | 2024
| £ |  | £
Stevenson and Reid | 25,000 |  | 15,159

Included in other creditors is the following amount due to related parties:-

| £ |  | £
Director's loan account | 535 |  | 237,944