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Registered number: NI681569
Kingstonford Developments Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
SJK Chartered Accountants
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: NI681569
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,405 4,256
Investment Properties 5 144,503 144,503
147,908 148,759
CURRENT ASSETS
Cash at bank and in hand 8,518 1,288
8,518 1,288
Creditors: Amounts Falling Due Within One Year 6 (102,998 ) (103,320 )
NET CURRENT ASSETS (LIABILITIES) (94,480 ) (102,032 )
TOTAL ASSETS LESS CURRENT LIABILITIES 53,428 46,727
Creditors: Amounts Falling Due After More Than One Year 7 (86,779 ) (86,779 )
NET LIABILITIES (33,351 ) (40,052 )
CAPITAL AND RESERVES
Called up share capital 8 150 150
Profit and Loss Account (33,501 ) (40,202 )
SHAREHOLDERS' FUNDS (33,351) (40,052)
Page 1
Page 2
For the year ending 31 August 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
C J Meegan
Director
14 May 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kingstonford Developments Ltd is a private company, limited by shares, incorporated in Northern Ireland, registered number NI681569 . The registered office is c/o SJK Chartered Accountants, 8 Bridge Road, Moira, Co. Armagh, BT67 0PF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20%
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 September 2024 4,560
As at 31 August 2025 4,560
Depreciation
As at 1 September 2024 304
Provided during the period 851
As at 31 August 2025 1,155
...CONTINUED
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Page 4
Net Book Value
As at 31 August 2025 3,405
As at 1 September 2024 4,256
5. Investment Property
2025
£
Fair Value
As at 1 September 2024 and 31 August 2025 144,503
The directors consider the above value of investment properties to reflect the market value at 31 August 2025.
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Accruals and deferred income - 955
Directors' loan accounts 2,933 2,486
Amounts owed to group undertakings - 44,651
Amounts owed to related parties 100,065 55,228
102,998 103,320
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 86,779 86,779
Securities for the bank facilities are as follows:
- First legal mortgage over the property at 14 Beechmount Street, Belfast, BT12 7NG.
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 150 150
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