KNEEN HOMES LEYLAND LTD


Directors	Mr Luke Bassil
	Ms Tracy Kneen


Registered Number	15038778 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		752,297		752,297
			752,297		752,297
Current assets
Debtors		654		-
Cash at bank and on hand		6,531		3,113
		7,185		3,113
Creditors amounts falling due within one year	4	(751,333)		(752,936)
Net current assets (liabilities)			(744,148)		(749,823)
Total assets less current liabilities			8,149		2,474
Net assets			8,149		2,474
Capital and reserves
Called up share capital			100		100
Profit and loss account			8,049		2,374
Shareholders' funds			8,149		2,474

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Board of Directors on 17 December 2025, and are signed on its behalf by:

Ms Tracy Kneen
Director
Registered Company No. 15038778

KNEEN HOMES LEYLAND LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from rendering of services
	Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Tangible fixed assets and depreciation
	The investment property is accounted for under FRS 102 Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit and loss. Investment properties are valued using RICS open market valuation on a freehold basis.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	673	-
Amounts owed to related parties	748,219	750,479
Taxation and social security	-	557
Other creditors	700	700
Accrued liabilities and deferred income	1,741	1,200
Total	751,333	752,936