REGISTERED NUMBER: 05572749 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BK DEVELOPMENTS SW LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

79,889

103,880

79,889

103,880

CURRENT ASSETS

Stocks

1,742,000

490,000

Debtors

6

741,333

631,476

Cash at bank

113,957

1,115,187

2,597,290

2,236,663

CREDITORS

Amounts falling due within one year

7

661,764

341,727

NET CURRENT ASSETS

1,935,526

1,894,936

TOTAL ASSETS LESS CURRENT LIABILITIES

2,015,415

1,998,816

PROVISIONS FOR LIABILITIES

19,972

25,970

NET ASSETS

1,995,443

1,972,846

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

1,995,341

1,972,744

SHAREHOLDERS' FUNDS

1,995,443

1,972,846

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 directors acknowledge their 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 Board of Directors and authorised for issue on 1 December 2025 and were signed on its behalf by:

B S Kelly - Director

1.	STATUTORY INFORMATION

BK Developments SW Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05572749

Registered office:

The Old School

The Stennack

St Ives

Cornwall

TR26 1QU

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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

-

25% on reducing balance and Straight line over 3 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

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.

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 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

10,000

AMORTISATION

At 1 April 2024

and 31 March 2025

10,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

181,338

Additions

2,500

At 31 March 2025

183,838

DEPRECIATION

At 1 April 2024

77,458

Charge for year

26,491

At 31 March 2025

103,949

NET BOOK VALUE

At 31 March 2025

79,889

At 31 March 2024

103,880

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

184,040

96,000

Other debtors

40,500

18,683

224,540

114,683

Amounts falling due after more than one year:

Other debtors

516,793

516,793

Aggregate amounts

741,333

631,476

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

17,500

27,500

Hire purchase contracts

-

5,678

Trade creditors

27,083

13,341

Taxation and social security

70,786

16,626

Other creditors

546,395

278,582

661,764

341,727

8.	RELATED PARTY DISCLOSURES

Included in Other Debtors is a loan to K & G Developments St Ives Limited of £516,793 (2023: £516,793). A company, which B S Kelly is also a director.