REGISTERED NUMBER: 08517232 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Kingscote Accountancy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

B Holmes

REGISTERED OFFICE:

77-81 Alma Road

Clifton

Bristol

BS8 2DP

REGISTERED NUMBER:

08517232 (England and Wales)

FIXED ASSETS

Intangible assets

4

42,211

600

Tangible assets

5

6,938

6,233

49,149

6,833

CURRENT ASSETS

Debtors

6

70,918

69,162

Cash at bank

193,145

121,862

264,063

191,024

CREDITORS

Amounts falling due within one year

7

44,432

23,078

NET CURRENT ASSETS

219,631

167,946

TOTAL ASSETS LESS CURRENT LIABILITIES

268,780

174,779

CREDITORS

Amounts falling due after more than one year

8

(82,289

)

(21,959

)

PROVISIONS FOR LIABILITIES

(1,361

)

(1,184

)

NET ASSETS

185,130

151,636

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

185,030

151,536

SHAREHOLDERS' FUNDS

185,130

151,636

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 December 2025 and were signed by:

B Holmes - Director

1.	STATUTORY INFORMATION

Kingscote Accountancy 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intangible assets is being amortised evenly over its estimated useful life of ten years.

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 etc

-

33% on cost and 25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

600

Additions

46,235

At 31 March 2025

46,835

AMORTISATION

Charge for year

4,624

At 31 March 2025

4,624

NET BOOK VALUE

At 31 March 2025

42,211

At 31 March 2024

600

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

21,712

Additions

4,443

Disposals

(2,528

)

At 31 March 2025

23,627

DEPRECIATION

At 1 April 2024

15,479

Charge for year

3,738

Eliminated on disposal

(2,528

)

At 31 March 2025

16,689

NET BOOK VALUE

At 31 March 2025

6,938

At 31 March 2024

6,233

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

20,987

19,398

Amounts owed by group undertakings

48,065

49,000

Other debtors

1,866

764

70,918

69,162

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,000

51

Taxation and social security

40,098

22,103

Other creditors

3,334

924

44,432

23,078

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

82,289

21,959

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

B Holmes

Balance outstanding at start of year

667

3,610

Amounts advanced

5,944

-

Amounts repaid

(3,534

)

(2,943

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

3,077

667

10.	RELATED PARTY DISCLOSURES

During the year the company loaned Kingscote Property Ltd £Nil (2024: £Nil). As at the balance sheet date, Kingscote Property Ltd owed the company £48,065 (2024: £49,000).

Kingscote Property Ltd is a connected company by virtue of its Director B Holmes.