ACCOUNTS - Final Accounts preparation

Registered number: 13192947

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025

	12 MARKET PLACE KETTERING LIMITED


12 MARKET PLACE KETTERING LIMITED REGISTERED NUMBER:13192947

STATEMENT OF FINANCIAL POSITION

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		413,000		413,000
			413,000		413,000
Current assets
Cash at bank and in hand		810		9,349
		810		9,349
Creditors: amounts falling due within one year	5	(170,067)		(179,294)
Net current liabilities			(169,257)		(169,945)
Total assets less current liabilities			243,743		243,055
Creditors: amounts falling due after more than one year	6		(246,525)		(246,525)

Net liabilities			(2,782)		(3,470)

Capital and reserves
Called up share capital	2	2
Revaluation reserve	(3,050)	(3,050)
Profit and loss account	266	(422)
	(2,782)	(3,470)

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12 MARKET PLACE KETTERING LIMITED REGISTERED NUMBER:13192947

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MARCH 2025

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................

D P Moore

Director

Date: 9 December 2025

The notes on pages 3 to 4 form part of these financial statements.

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12 MARKET PLACE KETTERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

12 Market Place Kettering Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page. There is no principal place of business.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Employees

The average monthly number of employees, including directors, during the year was 1 (2024 -1).

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12 MARKET PLACE KETTERING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	413,000
	At 31 March 2025	413,000

The 2025 valuations were made by the Director, on an open market value for existing use basis.

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	-	30,320
Other creditors	168,033	144,636
Accruals and deferred income	2,034	4,338
	170,067	179,294

6.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	246,525	246,525

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