REGISTERED NUMBER: 05517199 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

KELGRAY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Smith

K Smith

D W Smith

D J Smith

A R Smith

REGISTERED OFFICE:

Kelgray House, Spindle Way

Crawley

West Sussex

RH10 1TH

REGISTERED NUMBER:

05517199 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Horsham) Limited

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

FIXED ASSETS

Tangible assets

4

1,870,000

1,870,000

Investments

5

1,000,000

1,000,000

2,870,000

2,870,000

CURRENT ASSETS

Debtors

6

8,963

204

Investments

7

715,721

712,481

Cash at bank

269,196

269,775

993,880

982,460

CREDITORS

Amounts falling due within one year

8

365,712

306,447

NET CURRENT ASSETS

628,168

676,013

TOTAL ASSETS LESS CURRENT LIABILITIES

3,498,168

3,546,013

PROVISIONS FOR LIABILITIES

184,500

198,625

NET ASSETS

3,313,668

3,347,388

CAPITAL AND RESERVES

Called up share capital

1,500,000

1,500,000

Fair value reserve

885,500

870,456

Retained earnings

928,168

976,932

3,313,668

3,347,388

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 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 December 2025 and were signed on its behalf by:

T Smith - Director

1.	STATUTORY INFORMATION

Kelgray 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Kelgray Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets

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

Freehold property

-

not provided

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 April 2024

and 31 March 2025

1,870,000

NET BOOK VALUE

At 31 March 2025

1,870,000

At 31 March 2024

1,870,000

Included in cost or valuation of land and buildings is freehold land of £ 1,870,000 (2024 - £ 1,870,000 ) which is not depreciated.

Cost or valuation at 31 March 2025 is represented by:

Freehold

property

£

Valuation in 2007

275,499

Valuation in 2022

794,501

Cost

800,000

1,870,000

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

800,000

800,000

Value of land in freehold land and buildings

1,870,000

1,870,000

Freehold land and buildings were valued on an open market basis on 31 March 2025 by the directors .

5.	FIXED ASSET INVESTMENTS

Share in

grp

undertakin

£

COST

At 1 April 2024

and 31 March 2025

1,000,000

NET BOOK VALUE

At 31 March 2025

1,000,000

At 31 March 2024

1,000,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

8,963

204

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Bank term deposits

715,721

712,481

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

347,504

306,447

Taxation and social security

7,829

-

Other creditors

10,379

-

365,712

306,447

Amounts owed to group undertakings are unsecured, interest free, have no fixed date of repayment and are payable on demand.