Company Registration No. 10267611 (England and Wales)
KMC HOLDINGS (CHESHIRE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
KMC HOLDINGS (CHESHIRE) LIMITED
COMPANY INFORMATION
Directors
Mr I. Kennah
Mrs W. Kennah
Miss C. K. Kennah
Miss H. E. Kennah
Company number
10267611
Registered office
Ffordd Maelgwyn
Tremarl Industrial Estate
Llandudno Junction
Conwy
Wales
LL31 9PL
Accountants
Gareth Hughes & Company Limited
The Round House
Glan-y-Mor Road
Llandudno Junction
Conwy
LL31 9SN
KMC HOLDINGS (CHESHIRE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
KMC HOLDINGS (CHESHIRE) LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,091,662
1,098,672
Investment property
4
2,150,874
2,163,133
Investments
5
105,585
105,585
3,348,121
3,367,390
Current assets
Stocks
1,295,896
1,030,810
Debtors
7
6,213,544
6,136,213
Cash at bank and in hand
24,939,793
24,757,856
32,449,233
31,924,879
Creditors: amounts falling due within one year
8
(407,782)
(99,539)
Net current assets
32,041,451
31,825,340
Net assets
35,389,572
35,192,730
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
35,389,472
35,192,630
Total equity
35,389,572
35,192,730

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The directors acknowledge their 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 directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 February 2026 and are signed on its behalf by:
Mr I. Kennah
Director
Company registration number 10267611 (England and Wales)
KMC HOLDINGS (CHESHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 2 -
1
Accounting policies
Company information

KMC Holdings (Cheshire) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Ffordd Maelgwyn, Tremarl Industrial Estate, Llandudno Junction, Conwy, Wales, LL31 9PL.

1.1
Accounting convention

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 £.

1.2
Turnover

Turnover is recognised at the fair value of the sales of used cars, the sale of new build houses and interest received on loans provided in the normal course of business.

1.3
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:

Plant and equipment
20 % Straight Line
Computers
33% Straight Line
Motor vehicles
25% Straight Line
1.4
Investment properties

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.

1.5
Fixed asset investments

Investment in subsidiaries are measured at cost less accumulated impairment.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price.

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.

KMC HOLDINGS (CHESHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 3 -
1.8
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.

1.9

Group Accounts

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

2
Employees

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

2025
2024
Number
Number
Total
6
5
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
1,029,036
78,075
1,107,111
Additions
5,085
12,479
17,564
At 31 May 2025
1,034,121
90,554
1,124,675
Depreciation and impairment
At 1 June 2024
-
0
8,439
8,439
Depreciation charged in the year
-
0
24,574
24,574
At 31 May 2025
-
0
33,013
33,013
Carrying amount
At 31 May 2025
1,034,121
57,541
1,091,662
At 31 May 2024
1,029,036
69,636
1,098,672
KMC HOLDINGS (CHESHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
4
Investment property
2025
£
Fair value
At 1 June 2024
2,163,133
Additions
220
Disposals
(12,479)
At 31 May 2025
2,150,874

In preparing these accounts, the directors are satisfied that the carrying values of the investment properties do not materially differ from their fair value as of the balance sheet date. Any significant changes in property values will be monitored continuously, and appropriate adjustments will be made in future reporting periods as required by applicable accounting standards.

5
Fixed asset investments
2025
2024
£
£
Investments
105,585
105,585
Movements in fixed asset investments
Shares in group undertakings
Other investments other than loans
Total
£
£
£
Cost or valuation
At 1 June 2024 & 31 May 2025
60
105,525
105,585
Carrying amount
At 31 May 2025
60
105,525
105,585
At 31 May 2024
60
105,525
105,585
6
Subsidiaries

Details of the company's subsidiaries at 31 May 2025 are as follows:

Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Indirect
Autopark Limited
UK
Sale of used cars
Ordinary
60.00
0
The aggregate capital and reserves and the result for the year of the subsidiaries noted above was as follows:
KMC HOLDINGS (CHESHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
6
Subsidiaries
(Continued)
- 5 -
Name of undertaking
Capital and Reserves
Profit/(Loss)
£
£
Autopark Limited
541,932
214,506
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
230,280
149,812
Amounts owed by group undertakings
709,190
805,940
Other debtors
4,354,074
4,260,461
5,293,544
5,216,213
Amounts falling due after more than one year:
Amounts owed by group undertakings
920,000
920,000
Total debtors
6,213,544
6,136,213
8
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
30,480
-
0
Taxation and social security
371,302
93,539
Other creditors
6,000
6,000
407,782
99,539
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
10
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
KMC HOLDINGS (CHESHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
10
Directors' transactions
(Continued)
- 6 -
Mr I & Mrs W Kennah -
2.25
850,417
1,057,875
17,254
(1,515,624)
409,922
850,417
1,057,875
17,254
(1,515,624)
409,922
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