REGISTERED NUMBER: 10415605 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2023 TO 31 MARCH 2025

FOR

KLIPDRIFT HOLDINGS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Barnes

Mrs A Barnes

REGISTERED OFFICE:

Birch Croft

Godalming

Surrey

GU7 1PD

REGISTERED NUMBER:

10415605 (England and Wales)

BANKERS:

Cumberland Building Society

Cumberland House

Cooper Way

Carlisle

Cumbria

CA3 0JF

FIXED ASSETS

Tangible assets

4

22,848

-

Investment property

5

225,718

225,718

248,566

225,718

CURRENT ASSETS

Debtors

745

745

Cash at bank

48,409

57,646

49,154

58,391

CREDITORS

Amounts falling due within one year

4,476

4,442

NET CURRENT ASSETS

44,678

53,949

TOTAL ASSETS LESS CURRENT LIABILITIES

293,244

279,667

CREDITORS

Amounts falling due after more than one year

261,914

245,026

NET ASSETS

31,330

34,641

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

31,230

34,541

SHAREHOLDERS' FUNDS

31,330

34,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period 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.

All the members have consented to the preparation of an abridged Balance Sheet for the period 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Mr D R Barnes - Director

1.	STATUTORY INFORMATION

Klipdrift Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

20% on cost

Investment property

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties.

Rental income

Rents received are recorded on an accruals basis and net of VAT.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

Additions

31,844

At 31 March 2025

31,844

DEPRECIATION

Charge for period

8,996

At 31 March 2025

8,996

NET BOOK VALUE

At 31 March 2025

22,848

5.	INVESTMENT PROPERTY

Total

£

COST

At 1 November 2023

and 31 March 2025

225,718

NET BOOK VALUE

At 31 March 2025

225,718

At 31 October 2023

225,718

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.10.23

value:

£

£

100

Ordinary

£1

100

100

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The loan is interest free, unsecured and repayable on demand.

8.	RELATED PARTY DISCLOSURES

During a previous accounting period Klipdrift Holdings Limited obtained a loan from Blakerin International Holdings Limited, Mr D R Barnes is a director and shareholder of both companies.

The loan balance as at 31st March 2025 was £261,914 (Oct 2023: £245,026).

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D R Barnes.