Ilkley Developments Limited - Accounts to registrar (filleted)

ILKLEY DEVELOPMENTS LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Chartered Accountants' Report

7

DIRECTORS:

M Kehoe

A T Kehoe

L Kehoe

A A Kehoe

M K Kehoe

REGISTERED OFFICE:

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

REGISTERED NUMBER:

04701097 (England and Wales)

ACCOUNTANTS:

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

BANKERS:

Virgin Money

32 Town Street

Horseforth

Leeds

West Yorkshire

LS18 4RJ

FIXED ASSETS

Tangible assets

4

3,160,188

2,487,913

CURRENT ASSETS

Debtors

5

381,160

377,611

Cash at bank and in hand

448,014

25,573

829,174

403,184

CREDITORS

Amounts falling due within one year

6

137,904

134,118

NET CURRENT ASSETS

691,270

269,066

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,851,458

2,756,979

CREDITORS

Amounts falling due after more than one
year

7

(3,296,088

)

(2,321,415

)

PROVISIONS FOR LIABILITIES

(4,204

)

(4,204

)

NET ASSETS

551,166

431,360

CAPITAL AND RESERVES

Called up share capital

8

1,000

Retained earnings

9

550,166

430,360

SHAREHOLDERS' FUNDS

551,166

431,360

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 4 December 2025 and were signed on its behalf by:

M Kehoe - Director

1.	STATUTORY INFORMATION

Ilkley 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

The turnover represents rent receivable.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on 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 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

COST

At 1 April 2024

2,466,104

52,318

2,550

2,520,972

Additions

649,039

29,900

-

678,939

At 31 March 2025

3,115,143

82,218

2,550

3,199,911

DEPRECIATION

At 1 April 2024

-

31,360

1,699

33,059

Charge for year

-

5,814

850

6,664

At 31 March 2025

-

37,174

2,549

39,723

NET BOOK VALUE

At 31 March 2025

3,115,143

45,044

1

3,160,188

At 31 March 2024

2,466,104

20,958

851

2,487,913

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

3,549

-

Clayton Homes Ltd

377,611

381,160

377,611

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

-

1

Dividends payable

-

40,000

Tax

36,927

45,521

CAT Ltd

54,000

-

Directors' loan accounts

28,625

19,395

Accrued expenses

18,352

29,201

137,904

134,118

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Ilkley Care Associates Ltd

1,690,000

800,000

MTM Enterprises Limited

686,088

81,415

Loan account

920,000

1,440,000

3,296,088

2,321,415

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

600

Ordinary A shares

£1

600

300

Ordinary B shares

£1

300

100

Ordinary C shares

£1

100

1,000

9.

RESERVES

Retained

earnings

£

At 1 April 2024

430,360

Profit for the year

139,806

Dividends

(20,000

)

At 31 March 2025

550,166

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ilkley Developments Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ilkley Developments Limited, as a body, in accordance with the terms of our engagement letter dated 18 March 2003. Our work has been undertaken solely to prepare for your approval the financial statements of Ilkley Developments Limited and state those matters that we have agreed to state to the Board of Directors of Ilkley Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ilkley Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ilkley Developments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ilkley Developments Limited. You consider that Ilkley Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ilkley Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Botros & Co

4 Northwest Business Park

Servia Hill

Leeds

West Yorkshire

LS6 2QH

4 December 2025