Kenron Developments Ltd,Ltd - AccountsLtd

07551235

Registered Number :

As at 31 March 2025

Kenron Developments Ltd

Statement of Financial Position and Notes to the Accounts

Restated

2024

2025

710,741

Fixed assets

779,167

862,161

Current assets

Prepayments and accrued income

1,903

7,141

Creditors: amounts falling due

within one year

(910,677)

(853,089)

(41,375)

(72,019)

Net current liabilities

Total assets less current liabilities

638,722

669,366

Creditors: amounts falling due

after more than one year

(480,865)

(431,668)

Accruals and deferred income

(445,253)

(439,532)

(238,199)

Net liabilities

(251,031)

(238,199)

(251,031)

Capital and reserves

Notes to the Accounts

Statutory Information

Kenron Developments Ltd is a private limited company, limited by shares, domiciled in England and Wales,

registration number 07551235.

Registered address:

The Beeches

39 Biddick Lane

Washington

Tyne And Wear

NE38 8AB

The presentation currency is £ sterling.

Prior Year Adjustment

In 2020 and 2021, Preference dividends were provided for in the financial statements of £32,342 and £20,500

respectively. The company had insufficient distributable reserves to declare those dividends. An adjustment has

been made to reverse these dividends. The impact has been a reduction in the negative profit and loss reserve and

a corresponding reduction in current liabilities as these amounts are not currently payable.

2. Directors' advances, credits and guarantees

As at 31 March 2025, Mr Gavin Reader (Director) was owed £219,291 (2024 - £246,801). This balance arose in

relation to a loan.

As at 31 March 2025, Mr Solomon Reader (Director) was owed £268,216 (2024 - £289,801). This balance arose in

relation to a loan.

As at 31 March 2025, Mrs Donna O'Brien (Director) was owed £292,290 (2024 - £301,800). This balance arose in

relation to a loan.

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07551235

Registered Number :

For the year ended 31 March 2025

Kenron Developments Ltd

Statement of Financial Position and Notes to the Accounts Continued

3. Guarantees and other financial commitments

Other financial commitments

At the year end, the company had insufficient reserves to declare historical preference dividends totalling £102,500.

These amounts will be declared and paid when the company's reserves return to a sufficiently positive position.

At the year end, the company had insufficient reserves to facilitate the redemption of preference shares of which

180,000 were due to be redeemed on 25 April 2023 and 230,000 on 8 January 2024. The preference shares will be

redeemed when the company's reserves return to a sufficiently positive position and following the declaration of any

preference dividends.

All monies due or to become due to Lloyds Bank Plc are secured under a fixed and floating charge, created on 2

October 2015 over the propertry and undertakings of the company.

All monies due or to become due to Lloyds Bank Plc in relation to the company's outstanding mortgage are secured

under a fixed and floating charge, created on 19 August 2016, over the leasehold property of the company.

4. Average number of persons employed

During the period the average number of employees was 3 (2024 : 3)

For the year ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

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 proper 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 Section

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.

These financial statements have been prepared in accordance with the micro-entities provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Solomon Luke Reader Director

These financial statements were approved and authorised for issue by the Board on 09 December 2025 and were signed by:

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