Makepeace Klassen 221 Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15654350

Makepeace Klassen 221 Limited

Filleted Unaudited Financial Statements

31 October 2024

Makepeace Klassen 221 Limited

Financial Statements

Period from 17 April 2024 to 31 October 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Makepeace Klassen 221 Limited

Statement of Financial Position

31 October 2024

	31 Oct 24
Note	£

Fixed assets

Tangible assets	5	2,685,555

Current assets

Debtors	6	14,105
Cash at bank and in hand		8,105
		--------
		22,210

Creditors: amounts falling due within one year	7	2,715,162
		------------
Net current liabilities		2,692,952
		------------
Total assets less current liabilities		( 7,397)
		-------
Net liabilities		( 7,397)
		-------

Capital and reserves

Called up share capital	10
Profit and loss account	( 7,407)
	-------
Shareholders deficit	( 7,397)
	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Makepeace Klassen 221 Limited

Statement of Financial Position (continued)

31 October 2024

These financial statements were approved by the board of directors and authorised for issue on 8 January 2026 , and are signed on behalf of the board by:

P J Rowlins

Director

Company registration number: 15654350

Makepeace Klassen 221 Limited

Notes to the Financial Statements

Period from 17 April 2024 to 31 October 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which relies upon the continuing support of the investors.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Agriculture Equipment	-	20% straight line
Equipment	-	33% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 2 .

5. Tangible assets

	Investment property	Agriculture Equipment	Equipment	Total
	£	£	£	£
Cost
At 17 April 2024	–	–	–	–
Additions	2,680,394	4,409	1,166	2,685,969
	------------	-------	-------	------------
At 31 October 2024	2,680,394	4,409	1,166	2,685,969
	------------	-------	-------	------------
Depreciation
At 17 April 2024	–	–	–	–
Charge for the period	–	220	194	414
	------------	-------	-------	------------
At 31 October 2024	–	220	194	414
	------------	-------	-------	------------
Carrying amount
At 31 October 2024	2,680,394	4,189	972	2,685,555
	------------	-------	-------	------------

The directors believe the cost of investment property included within the accounts is a fair reflection of market value as at 31 October 2024.

6. Debtors

	31 Oct 24
	£
Other debtors	14,105
	--------

7. Creditors: amounts falling due within one year

	31 Oct 24
	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	2,323,520
Other creditors	391,642
	------------
	2,715,162
	------------

8. Related party transactions

At the period end the company owed £390,142 to a director.