REGISTERED NUMBER: 07982294 (England and Wales)

KRC DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C Idle

REGISTERED OFFICE:

531 Denby Dale Road West

Calder Grove

Wakefield

West Yorkshire

WF4 3ND

REGISTERED NUMBER:

07982294 (England and Wales)

ACCOUNTANTS:

Harrison & Co

Chartered Accountants

531 Denby Dale Road West

Calder Grove

Wakefield

West Yorkshire

WF4 3ND

BANKERS:

Santander

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Investments

4

20,000

20,000

Investment property

5

430,544

430,544

450,544

450,544

CURRENT ASSETS

Cash at bank

643

2,525

CREDITORS

Amounts falling due within one year

62,485

70,751

NET CURRENT LIABILITIES

(61,842

)

(68,226

)

TOTAL ASSETS LESS CURRENT LIABILITIES

388,702

382,318

CREDITORS

Amounts falling due after more than one year

137,700

128,736

NET ASSETS

251,002

253,582

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

250,902

253,482

SHAREHOLDERS' FUNDS

251,002

253,582

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 2 December 2025 and were signed by:

Mr C Idle - Director

1.	STATUTORY INFORMATION

KRC Developments 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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

and 31 March 2025

20,000

NET BOOK VALUE

At 31 March 2025

20,000

At 31 March 2024

20,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

430,544

NET BOOK VALUE

At 31 March 2025

430,544

At 31 March 2024

430,544

6.	ULTIMATE CONTROLLING PARTY

During the period, Mr C Idle, the director, together with members of his close family, controlled the company by virtue of a controlling interest in the issued share capital of the company.