REGISTERED NUMBER: 09526153 (England and Wales)

KERRIGANS PROPERTY LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 10TH APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A C Kerrigan

Mrs Z Kerrigan

REGISTERED OFFICE:

23 Windsor Road

Doncaster

DN2 5BS

REGISTERED NUMBER:

09526153 (England and Wales)

ACCOUNTANTS:

W H Prior

Chartered Certified Accountants

Railway Court

Off Ten Pound Walk

Doncaster

South Yorkshire

DN4 5FB

FIXED ASSETS

Tangible assets

4

22,015

25,732

CURRENT ASSETS

Debtors

5

14,205

14,122

Cash at bank and in hand

2,934

2,475

17,139

16,597

CREDITORS

Amounts falling due within one year

6

33,282

29,076

NET CURRENT LIABILITIES

(16,143

)

(12,479

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,872

13,253

CREDITORS

Amounts falling due after more than one year

7

(1,800

)

(9,000

)

PROVISIONS FOR LIABILITIES

(1,479

)

(2,126

)

NET ASSETS

2,593

2,127

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,593

1,127

SHAREHOLDERS' FUNDS

2,593

2,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 10th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 10th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd December 2025 and were signed on its behalf by:

A C Kerrigan - Director

1.	STATUTORY INFORMATION

Kerrigans Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Improvements to property

-

5% on reducing balance

Office equipment

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 11th April 2024

and 10th April 2025

56,763

DEPRECIATION

At 11th April 2024

31,031

Charge for year

3,717

At 10th April 2025

34,748

NET BOOK VALUE

At 10th April 2025

22,015

At 10th April 2024

25,732

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

1,380

Other debtors

14,205

12,742

14,205

14,122

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

7,200

7,200

Trade creditors

1,441

1,532

Taxation and social security

8,570

9,015

Other creditors

16,071

11,329

33,282

29,076

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,800

9,000

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 10th April 2025 and 10th April 2024:

2025

2024

£

£

A C Kerrigan and Mrs Z Kerrigan

Balance outstanding at start of year

10,908

14,850

Amounts advanced

26,313

8,058

Amounts repaid

(24,291

)

(12,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

12,930

10,908

During the year monies were loaned to the directors. The balance of these loans as at the year end is £12,930 (2024: £10,908). The loans are provided free of interest and are repayable on demand.