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Registration number: 00665266

The Kenfred Company Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

The Kenfred Company Limited

Contents

Company Information | 1
Balance Sheet | 2
Notes to the Unaudited Financial Statements | 3 to 7

The Kenfred Company Limited

Company Information

Directors | Mrs M J Morgan Mr C C Morgan Mr J D Jones

Company secretary | Mrs M J Morgan

Registered office | Wenallt Llanddeusant Llangadog Carmarthenshire SA19 9TP

Solicitors | Beor Wilson Lloyd Calvert House Calvert Terrace Swansea SA1 6AP

Accountants | W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

The Kenfred Company Limited

(Registration number: 00665266)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 407,039 | 553,450
Current assets |  |  |
Debtors | 6 | 1,188 | 2,906
Cash at bank and in hand |  | 198,346 | 23,802
|  | 199,534 | 26,708
Creditors: Amounts falling due within one year | 7 | (6,149) | (6,392)
Net current assets |  | 193,385 | 20,316
Net assets |  | 600,424 | 573,766
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Other reserves |  | - | 9,006
Retained earnings |  | 600,324 | 564,660
Shareholders' funds |  | 600,424 | 573,766

For the financial year ending 30 September 2025 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 accounts for the year in question in accordance with section 476; and
• | The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 April 2026 and signed on its behalf by:

......................................... Mr C C Morgan Director

The Kenfred Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Wenallt
Llanddeusant
Llangadog
Carmarthenshire
SA19 9TP
United Kingdom

These financial statements were authorised for issue by the Board on 14 April 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the rent receivable from the company's investment properties.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Capital grants are credited to the balance sheet as deferred income and released to the profit and loss account over the estimated useful life of the asset to which the grant relates.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates taxable income.

The Kenfred Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures and fittings | 20% on cost
Computer equipment | 33% on cost

Investment property

Investment properties are included at fair value. Gains or losses are recognised in the profit and loss account, and deferred tax is provided on these gains at the rate expected to apply when the properties are sold.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2024 - 2).

The Kenfred Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

4 | Profit/loss before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 897 | -

5 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Office equipment £ | Total £
Cost or valuation
At 1 October 2024 | 553,450 | 1,369 | 1,045 | 555,864
Additions | - | 4,486 | - | 4,486
Disposals | (150,000) | - | - | (150,000)
At 30 September 2025 | 403,450 | 5,855 | 1,045 | 410,350
Depreciation
At 1 October 2024 | - | 1,369 | 1,045 | 2,414
Charge for the year | - | 897 | - | 897
At 30 September 2025 | - | 2,266 | 1,045 | 3,311
Carrying amount
At 30 September 2025 | 403,450 | 3,589 | - | 407,039
At 30 September 2024 | 553,450 | - | - | 553,450

Included within the net book value of land and buildings above is £403,450 (2024 - £553,450) in respect of freehold land and buildings.

Revaluation

The fair value of the Company's investment properties was revalued on 11 December 2023 by an independent valuer.
The properties have been valued at open market value.
. The name and qualification of the independent valuer are Sarah Foster BSc PGDIP MRICS..
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £487,974 (2024 - £544,394).

6 | Debtors

Current | 2025 £ | 2024 £
Prepayments | 1,188 | 2,906
| 1,188 | 2,906

The Kenfred Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Accruals and deferred income | 6,149 | 6,392

8 | Related party transactions

The Kenfred Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Directors' remuneration

The Directors' remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 1,020 | -