Company Registration No. 12234776 (England and Wales)
KELTON HOMES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
KELTON HOMES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
KELTON HOMES LIMITED
BALANCE SHEET
AS AT
30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
-
0
-
0
Tangible assets
3
1,138
1,048
Investment property
4
755,000
752,000
756,138
753,048
Current assets
Debtors
5
693
693
Cash at bank and in hand
4,038
74,493
4,731
75,186
Creditors: amounts falling due within one year
6
(209,908)
(282,481)
Net current liabilities
(205,177)
(207,295)
Total assets less current liabilities
550,961
545,753
Creditors: amounts falling due after more than one year
7
(497,650)
(494,720)
Provisions for liabilities
(10,543)
(10,111)
Net assets
42,768
40,922
Capital and reserves
Called up share capital
10
10
Non-distributable profits reserve
55,597
53,167
Distributable profit and loss reserves
(12,839)
(12,255)
Total equity
42,768
40,922
KELTON HOMES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 APRIL 2025
30 April 2025
- 2 -

For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 21 January 2026
Mrs L M Kelly-Tonge
Director
Company registration number 12234776 (England and Wales)
KELTON HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information

Kelton Homes Limited is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor 3 & 4 Cranmere Ct, Lustleigh Close, Matford Business Park, Exeter, Devon, EX2 8PW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line
Computers
25% straight line

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.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

KELTON HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

KELTON HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 May 2024
1,134
2,945
4,079
Additions
-
0
819
819
At 30 April 2025
1,134
3,764
4,898
Depreciation and impairment
At 1 May 2024
681
2,350
3,031
Depreciation charged in the year
227
502
729
At 30 April 2025
908
2,852
3,760
Carrying amount
At 30 April 2025
226
912
1,138
At 30 April 2024
453
595
1,048
4
Investment property
2025
£
Fair value
At 1 May 2024
752,000
Revaluations
3,000
At 30 April 2025
755,000

The director has revalued the property and deems the amount at the balance sheet date to be the current market value.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
693
693
KELTON HOMES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 6 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
208,074
280,668
Accruals and deferred income
1,834
1,813
209,908
282,481
7
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
497,650
494,720

The bank loans are secured by way of a fixed charge against the company's investment properties.

8
Related party transactions

During the year the company loaned money to a company under common control. At the balance sheet date the amount due to the company was £693 (2024 - £693).

No interest has been charged and there is no set date for repayment.

9
Directors' transactions

During the year the director loaned money to the company. At the balance sheet date the amount due to the director was £208,074 (2024 - £280,668).

No interest has been charged and there is no set date for repayment.

2025-04-30 2024-05-01 false false false 21 January 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mrs L M Kelly-Tonge 12234776 2024-05-01 2025-04-30 12234776 2025-04-30 12234776 2024-04-30 12234776 core:FurnitureFittings 2025-04-30 12234776 core:ComputerEquipment 2025-04-30 12234776 core:FurnitureFittings 2024-04-30 12234776 core:ComputerEquipment 2024-04-30 12234776 core:CurrentFinancialInstruments 2025-04-30 12234776 core:CurrentFinancialInstruments 2024-04-30 12234776 core:Non-currentFinancialInstruments 2025-04-30 12234776 core:Non-currentFinancialInstruments 2024-04-30 12234776 core:ShareCapital 2025-04-30 12234776 core:ShareCapital 2024-04-30 12234776 core:FurtherSpecificReserve1ComponentTotalEquity 2025-04-30 12234776 core:FurtherSpecificReserve1ComponentTotalEquity 2024-04-30 12234776 core:RetainedEarningsAccumulatedLosses 2025-04-30 12234776 core:RetainedEarningsAccumulatedLosses 2024-04-30 12234776 bus:Director1 2024-05-01 2025-04-30 12234776 core:FurnitureFittings 2024-05-01 2025-04-30 12234776 core:ComputerEquipment 2024-05-01 2025-04-30 12234776 2023-05-01 2024-04-30 12234776 core:FurnitureFittings 2024-04-30 12234776 core:ComputerEquipment 2024-04-30 12234776 2024-04-30 12234776 core:CurrentFinancialInstruments core:WithinOneYear 2025-04-30 12234776 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 12234776 bus:PrivateLimitedCompanyLtd 2024-05-01 2025-04-30 12234776 bus:SmallCompaniesRegimeForAccounts 2024-05-01 2025-04-30 12234776 bus:FRS102 2024-05-01 2025-04-30 12234776 bus:AuditExemptWithAccountantsReport 2024-05-01 2025-04-30 12234776 bus:FullAccounts 2024-05-01 2025-04-30 xbrli:pure xbrli:shares iso4217:GBP