| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| KIRMELL LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| KIRMELL LIMITED |
| KIRMELL LIMITED (REGISTERED NUMBER: 01936908) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| KIRMELL LIMITED (REGISTERED NUMBER: 01936908) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| KIRMELL LIMITED (REGISTERED NUMBER: 01936908) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| 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 were approved by the director and authorised for issue on |
| KIRMELL LIMITED (REGISTERED NUMBER: 01936908) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Kirmell Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue 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 |
| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bring the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| Land is not depreciated. |
| Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Freehold property | - 15% on cost |
| Plant and machinery | - 25% on reducing balance |
| Fixtures and fittings | - 15% on reducing balance |
| Motor vehicles | - 25% on reducing balance |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Fixed asset investments |
| Fixed asset investments comprise equity investments and cryptocurrency holdings intended to be retained for the long term. |
| All investments are measured at fair value at each reporting date and changes in fair value are recognised in profit or loss in the period in which they arise. |
| Cryptocurrency and equity investments denominated in foreign currencies are translated at the closing rate at the reporting date. Exchange differences are recognised in profit or loss. |
| KIRMELL LIMITED (REGISTERED NUMBER: 01936908) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties. |
| Short term debtors are measured at the transaction price, less any impairment. |
| Short term creditors are measured at the transaction price. |
| Functional and presentation currency |
| The company’s functional and presentation currency is pounds sterling. |
| Transactions in foreign currencies are translated into sterling at the exchange rate ruling on the date of the transaction. Monetary assets and liabilities in foreign currencies are translated at the closing rate at the reporting date. Exchange differences arising on translation are recognised in profit or loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Fixtures |
| Freehold | Plant and | and | Motor |
| property | machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ | £ |
| Cost |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2025 |
| Depreciation |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| KIRMELL LIMITED (REGISTERED NUMBER: 01936908) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| Cost or valuation |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| Cost or valuation at 31 March 2025 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2025 | 359,918 |
| Valuation in 2024 | 153,410 |
| Cost | 2,548,483 |
| 3,061,811 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| Fair value |
| At 1 April 2024 |
| Revaluations | (89,852 | ) |
| At 31 March 2025 |
| Net book value |
| At 31 March 2025 |
| At 31 March 2024 |
| The 2025 valuations were made by the Directors on an open market value for existing use basis. |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| KIRMELL LIMITED (REGISTERED NUMBER: 01936908) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 9. | PENSION COMMITMENTS |
| The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund. Contributions totalling £1,881 (2024: £1,551) were payable to the fund at the balance sheet date and are included in creditors. |
| 10. | CONTROLLING PARTY |
| The company is a wholly owned subsidiary of Kirmell Holdings Limited. The trading address of the parent company is Kirmell Works, Eyre Street, Birmingham B18 7AA. |
| The ultimate parent undertaking is Kirmell Trade Holdings Limited who own 100% of the share capital of Kirmell Holdings Limited. The trading address of the ultimate parent company is Kirmell Works, Eyre Street, Birmingham B18 7AA. |
| The ultimate parent company is controlled by Ansar Riaz, a director of Kirmell Limited. |