1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-06-01 Sage Accounts Production Advanced 2024 - FRS102_2024 78,436 78,436 78,436 xbrli:pure xbrli:shares iso4217:GBP 08025911 2024-06-01 2025-05-31 08025911 2025-05-31 08025911 2024-05-31 08025911 2023-06-01 2024-05-31 08025911 2024-05-31 08025911 2023-05-31 08025911 bus:Director1 2024-06-01 2025-05-31 08025911 core:WithinOneYear 2025-05-31 08025911 core:WithinOneYear 2024-05-31 08025911 core:AfterOneYear 2024-05-31 08025911 core:ShareCapital 2025-05-31 08025911 core:ShareCapital 2024-05-31 08025911 core:RetainedEarningsAccumulatedLosses 2025-05-31 08025911 core:RetainedEarningsAccumulatedLosses 2024-05-31 08025911 core:CostValuation core:Non-currentFinancialInstruments 2025-05-31 08025911 core:Non-currentFinancialInstruments 2025-05-31 08025911 core:Non-currentFinancialInstruments 2024-05-31 08025911 bus:Director1 2024-05-31 08025911 bus:Director1 2025-05-31 08025911 bus:Director1 2024-05-31 08025911 bus:Director1 2023-06-01 2024-05-31 08025911 bus:SmallEntities 2024-06-01 2025-05-31 08025911 bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 08025911 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 08025911 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08025911 bus:FullAccounts 2024-06-01 2025-05-31
COMPANY REGISTRATION NUMBER: 08025911

Kitkat Developments Limited

Filleted Unaudited Financial Statements

31 May 2025

Kitkat Developments Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Investments | 5 |  | 78,436 | 78,436

Current assets

Stocks | 567,833 |  | 652,830
Debtors | 6 | 10,000 |  | 20,000
Cash at bank and in hand | 1,092 |  | 1,772
| --------- |  | ---------
| 578,925 |  | 674,602

Creditors: amounts falling due within one year | 7 | 47,288 |  | 168,146
| --------- |  | ---------
Net current assets |  | 531,637 | 506,456
|  | --------- | ---------
Total assets less current liabilities |  | 610,073 | 584,892

Creditors: amounts falling due after more than one year | 8 |  | – | 10,833
|  | --------- | ---------
Net assets |  | 610,073 | 574,059
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 100 | 100
Profit and loss account |  | 609,973 | 573,959
|  | --------- | ---------
Shareholders funds |  | 610,073 | 574,059
|  | --------- | ---------

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 income and retained earnings has not been delivered.
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kitkat Developments Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 22 April 2026 , and are signed on behalf of the board by:

Mr R Maher |
Director |

Company registration number: 08025911

Kitkat Developments Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is 1 Bell Street, 2nd Floor, London, NW1 5BY, England.
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.
Revenue recognition
The turnover shown in the profit and loss account represents sale of properties during the year.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Investments

| Other investments other than loans
| £
Cost |
At 1 June 2024 and 31 May 2025 | 78,436
| --------
Impairment |
At 1 June 2024 and 31 May 2025 | –
| --------

Carrying amount |
At 31 May 2025 | 78,436
| --------
At 31 May 2024 | 78,436
| --------

6. Debtors

| 2025 | 2024
| £ | £
Other debtors | 10,000 | 20,000
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,833 | 14,317
Accruals and deferred income | 7,380 | 7,380
Corporation tax | 711 | –
Director loan accounts | 1 | 8,046
Other creditors | 28,363 | 138,403
| -------- | ---------
| 47,288 | 168,146
| -------- | ---------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 10,833
| ---- | --------

9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr R Maher | ( 8,046) | 8,045 | ( 1)
|  | ------- | ------- | ----

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr R Maher | – | ( 8,046) | ( 8,046)
|  | ---- | ------- | -------

10. Related party transactions
The company was under the control of Mr Maher and Mrs Maher throughout the current and previous year. Mrs Maher transferred her 75% shareholding on 10 January 2025 to Mr Maher. Mr Maher is the managing director and now a 100% shareholder. During the year the company paid a dividend of £26,176 (2024: £24,000) to its shareholders.