Kane Campbell Nash Limited - Filleted accounts

Registered number

03948988

Kane Campbell Nash Limited

Filleted Accounts

31 March 2025

Kane Campbell Nash Limited
Registered number:		03948988
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,815,164			2,815,258

Current assets
Debtors	4	361,157			365,984
Cash at bank and in hand		9,572			8,871
		370,729			374,855

Creditors: amounts falling due within one year	5	(79,254)			(68,242)

Net current assets			291,475			306,613

Total assets less current liabilities			3,106,639			3,121,871

Creditors: amounts falling due after more than one year	6		(1,012,619)			(1,012,619)

Provisions for liabilities			(242,177)			(242,177)


Net assets			1,851,843			1,867,075

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			1,850,843			1,866,075

Shareholders' funds			1,851,843			1,867,075

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M J Goodman
Director
Approved by the board on 23 December 2025

Kane Campbell Nash Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable and comprises rents receivable from properties under management.

	Tangible fixed assets
	Tangible fixed assets, other than investment properties, are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Motor vehicle			over 8 years
	Fixtures, fittings and equipment			over 5 years

	Investment properties
	Investment properties are measured at fair value. Changes in fair value are included in the profit and loss account. The directors reviewed the property valuations at 31st Match 2025 and considered no revaluation adjustments were appropriate.

	Debtors
	Debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	2,800,000		22,455		25,000		2,847,455
	At 31 March 2025	2,800,000		22,455		25,000		2,847,455

	Depreciation
	At 1 April 2024	-		22,197		10,000		32,197
	Charge for the year	-		94		-		94
	At 31 March 2025	-		22,291		10,000		32,291

	Net book value
	At 31 March 2025	2,800,000		164		15,000		2,815,164
	At 31 March 2024	2,800,000		258		15,000		2,815,258


	Freehold and long leasehold land and buildings:					2025		2024
£							£
	Historical cost					1,038,173		1,038,173
	Cumulative depreciation based on historical cost					-		-
						1,038,173		1,038,173


4	Debtors					2025		2024
£							£

	Other debtors					361,157		365,984

	Amounts due after more than one year included above					291,925		291,925


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					13,306		11,192
	Taxation and social security costs					6,392		4,174
	Other creditors					59,556		52,876
						79,254		68,242


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,012,619		1,012,619


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					1,012,619		1,012,619

	The bank loans are secured on the investment properties.


8	Related party transactions

	Included in debtors is £270,080 (2024 - £270,080) reperesenting cash advances to KCN Finance Ltd, a company registered in England and wholly owned by Mr.M.J. Goodman. No repayment terms currently exist and no interest is being charged.


9	Controlling party

	Mr. M. J. Goodman is the controlling party.


10	Other information

	Kane Campbell Nash Limited is a private company limited by shares and incorporated in England. Its registered office is:
	19 & 20 Baxter Gate
	Loughborough
	Leics
	LE11 1TG