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Company No: 00826648 (England and Wales)

# KATHCOURT INVESTMENTS LIMITED

### Unaudited Financial Statements
For the financial year ended 05 April 2025
Pages for filing with the registrar

KATHCOURT INVESTMENTS LIMITED

## Unaudited Financial Statements

For the financial year ended 05 April 2025

Contents

KATHCOURT INVESTMENTS LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 05 April 2025
KATHCOURT INVESTMENTS LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 05 April 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 4,863 |  | 5,721
Investment property | 4 | 5,110,900 |  | 5,110,900
|  | 5,115,763 |  | 5,116,621
Current assets |  |  |  |
Debtors |  |  |  |
- due within one year | 5 | 507,578 |  | 506,071
- due after more than one year | 5 | 117,702 |  | 121,968
Investments | 6 | 17,670 |  | 17,601
Cash at bank and in hand |  | 832,117 |  | 698,126
|  | 1,475,067 |  | 1,343,766
Creditors: amounts falling due within one year | 7 | ( 106,105) |  | ( 80,361)
Net current assets |  | 1,368,962 |  | 1,263,405
Total assets less current liabilities |  | 6,484,725 |  | 6,380,026
Provision for liabilities | 8 | ( 1,076,499) |  | ( 1,076,499)
Net assets |  | 5,408,226 |  | 5,303,527
Capital and reserves |  |  |  |
Called-up share capital | 9 | 100 |  | 100
Revaluation reserve |  | 3,804,494 |  | 3,804,494
Profit and loss account |  | 1,603,632 |  | 1,498,933
Total shareholder's funds |  | 5,408,226 |  | 5,303,527

For the financial year ending 05 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Comprehensive Income has not been delivered.

The financial statements of Kathcourt Investments Limited (registered number: 00826648) were approved and authorised for issue by the Director. They were signed on its behalf by:

M Ross Director |

06 January 2026

KATHCOURT INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025
KATHCOURT INVESTMENTS LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Kathcourt Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, N3 1XW, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Statement of Financial Position date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Statement of Comprehensive Income in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue is recognised by the company in respect of rental income over the period to which it relates.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 15 % reducing balance
Fixtures and fittings | 15 % reducing balance
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
The fair value is determined annually by the director, on an open market value for existing use basis.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Financial assets
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.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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 receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinarycourse of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

##### Provisions

Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including the director | 1 |  | 1

#### 3. Tangible assets

| Plant and machinery |  | Fixtures and fittings |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 06 April 2024 | 9,448 |  | 47,279 |  | 1,361 |  | 58,088
At 05 April 2025 | 9,448 |  | 47,279 |  | 1,361 |  | 58,088
Accumulated depreciation |  |  |  |  |  |  |
At 06 April 2024 | 9,253 |  | 41,753 |  | 1,361 |  | 52,367
Charge for the financial year | 29 |  | 829 |  | 0 |  | 858
At 05 April 2025 | 9,282 |  | 42,582 |  | 1,361 |  | 53,225
Net book value |  |  |  |  |  |  |
At 05 April 2025 | 166 |  | 4,697 |  | 0 |  | 4,863
At 05 April 2024 | 195 |  | 5,526 |  | 0 |  | 5,721

#### 4. Investment property

| Investment property
| £
Valuation |
As at 06 April 2024 | 5,110,900
As at 05 April 2025 | 5,110,900

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Debtors: amounts falling due within one year |  |  |
Trade debtors | 20,806 |  | 0
Amounts owed by director | 447,893 |  | 464,957
Prepayments and accrued income | 1,379 |  | 0
Other debtors | 37,500 |  | 41,114
| 507,578 |  | 506,071
Debtors: amounts falling due after more than one year |  |  |
Other debtors | 117,702 |  | 121,968

#### 6. Current asset investments

| 2025 |  | 2024
| £ |  | £
Listed investments – at fair value | 17,601 |  | 16,223

#### 7. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Accruals | 29,298 |  | 9,522
Corporation tax | 47,572 |  | 46,207
Other creditors | 29,235 |  | 24,632
| 106,105 |  | 80,361

#### 8. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 1,076,499) |  | ( 1,076,499)
At the end of financial year | ( 1,076,499) |  | ( 1,076,499)

The deferred taxation balance is made up as follows:

| 2025 |  | 2024
| £ |  | £
Revaluation of investment property | ( 1,076,499) |  | ( 1,076,499)

#### 9. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 10. Director Advances, credits and guarantees

Included within other debtors is a loan due from the director. This comprised an opening balance of £464,957, advances of £33,036 and repayments of £50,100 leaving a year end balance of £447,893. This balance is unsecured and interest has been charged at HMRC's beneficial loan rate and there are no fixed repayment terms.