REGISTERED NUMBER: 10923695 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

B Kerr Full Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A M Kerr

REGISTERED OFFICE:

136 St. Albans Avenue

Chiswick

London

W4 5JR

REGISTERED NUMBER:

10923695 (England and Wales)

FIXED ASSETS

Investment property

4

4,170,000

4,170,000

CURRENT ASSETS

Debtors

5

444,620

443,973

Cash at bank

501,687

1,466,217

946,307

1,910,190

CREDITORS

Amounts falling due within one year

6

2,147,162

3,119,774

NET CURRENT LIABILITIES

(1,200,855

)

(1,209,584

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,969,145

2,960,416

CREDITORS

Amounts falling due after more than one year

7

(2,766,346

)

(2,766,345

)

PROVISIONS FOR LIABILITIES

(19,879

)

(19,879

)

NET ASSETS

182,920

174,192

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

9

64,407

64,407

Retained earnings

118,413

109,685

182,920

174,192

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 director acknowledges his 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 director and authorised for issue on 30 December 2025 and were signed by:

A M Kerr - Director

1.	STATUTORY INFORMATION

B Kerr Full Ltd 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rent receivable, excluding value added tax, derived from letting the company's freehold and long leasehold properties.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

4,170,000

NET BOOK VALUE

At 31 March 2025

4,170,000

At 31 March 2024

4,170,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

79,515

Cost

4,090,485

4,170,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

4,090,485

4,090,485

The investment properties were valued on an open market basis on 31 March 2020 by the director .

The director does not believe that there has been a material change to the values of the property since they were last revalued.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,183

16,973

Amounts owed by group undertakings

427,000

427,000

Other debtors

5,437

-

444,620

443,973

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

7,162

-

Amounts owed to group undertakings

2,091,618

3,088,747

Taxation and social security

2,418

12,989

Other creditors

45,964

18,038

2,147,162

3,119,774

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,766,346

2,766,345

8.	SECURED DEBTS

As at 31 March 2025, there are various fixed and floating charges and negative pledges against various

properties owned by the company.

9.

RESERVES

Fair

value

reserve

£

At 1 April 2024

and 31 March 2025

64,407