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Company Registration No. 03732200 (England and Wales)
Kirkwall Ltd Unaudited accounts for the year ended 27 February 2025
Kirkwall Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Kirkwall Ltd Company Information for the year ended 27 February 2025
Directors
Michael Stanley Thomas Bow Stephen George Penney
Secretary
Michael Stanley Thomas Bow
Company Number
03732200 (England and Wales)
Registered Office
The Old Bakery 17 Hyde Road Paignton Devon TQ4 5BW United Kingdom
Accountants
James Allison Accountants Ltd The Office 5 Mimosa Way Paignton Devon TQ4 7FE
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Kirkwall Ltd Statement of financial position as at 27 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
469
552
Investment property
5
285,000
285,000
285,469
285,552
Current assets
Debtors
6
67,814
67,814
Cash at bank and in hand
22,823
17,561
90,637
85,375
Creditors: amounts falling due within one year
7
(248,907)
(224,769)
Net current liabilities
(158,270)
(139,394)
Total assets less current liabilities
127,199
146,158
Creditors: amounts falling due after more than one year
8
(1,492)
(13,091)
Provisions for liabilities
Deferred tax
(29,930)
(29,930)
Net assets
95,777
103,137
Capital and reserves
Called up share capital
2
2
Profit and loss account
95,775
103,135
Shareholders' funds
95,777
103,137
For the year ending 27 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2026 and were signed on its behalf by
Michael Stanley Thomas Bow Director Company Registration No. 03732200
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Kirkwall Ltd Notes to the Accounts for the year ended 27 February 2025
1
Statutory information
Kirkwall Ltd is a private company, limited by shares, registered in England and Wales, registration number 03732200. The registered office is The Old Bakery, 17 Hyde Road, Paignton, Devon, TQ4 5BW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 28 February 2024
6,312
At 27 February 2025
6,312
Depreciation
At 28 February 2024
5,760
Charge for the year
83
At 27 February 2025
5,843
Net book value
At 27 February 2025
469
At 27 February 2024
552
5
Investment property
2025
£
Fair value at 28 February 2024
285,000
At 27 February 2025
285,000
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Kirkwall Ltd Notes to the Accounts for the year ended 27 February 2025
6
Debtors
2025
2024
£
£
Amounts falling due after more than one year
Amounts due from group undertakings etc.
67,814
67,814
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,183
10,183
Taxes and social security
7,759
8,769
Loans from directors
181,176
157,626
Accruals
32,610
33,767
Deferred income
17,179
14,424
248,907
224,769
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,492
13,091
9
Transactions with related parties
Transactions with the entity's directors Interest is charged at 5% on the amounts owed to directors.
10
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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