KCH Barristers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03898875

KCH BARRISTERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 May 2025

KCH BARRISTERS LIMITED

STATEMENT OF FINANCIAL POSITION

31 May 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		1,006,946	799,681

Current assets

Debtors	6	120,116	115,405
Cash at bank and in hand		15,299	–
		----------	----------
		135,415	115,405

Creditors: amounts falling due within one year	7	195,237		203,110
		----------		----------
Net current liabilities			59,822	87,705
			-------------	----------
Total assets less current liabilities			947,124	711,976

Creditors: amounts falling due after more than one year	8		419,710	374,940

Provisions

Taxation including deferred tax	1,320	2,526
	----------	----------
Net assets	526,094	334,510
	----------	----------

KCH BARRISTERS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 May 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	182,761	182,761
Revaluation reserve	310,796	99,859
Profit and loss account	32,537	51,890
	----------	----------
Shareholders funds	526,094	334,510
	----------	----------

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 comprehensive income 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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 February 2026 , and are signed on behalf of the board by:

A Soubry

Director

Company registration number: 03898875

KCH BARRISTERS 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 and Wales. The address of the registered office is 1 Oxford Street, Nottingham, NG1 5BH.

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

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. Turnover is recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the sale have been transferred to the customer.

Income tax

Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. The only exception is that deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and Buildings	-	2% straight line
Plant and Machinery	-	15% - 33% Straight line

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments, including derivatives, are recognised at fair value, with any subsequent changes to fair value recognised in profit or loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 10 (2024: 13 ).

5. TANGIBLE ASSETS

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost or valuation
At 1 June 2024	1,256,582	31,611	1,288,193
Revaluations	( 256,582)	–	( 256,582)
	-------------	---------	-------------
At 31 May 2025	1,000,000	31,611	1,031,611
	-------------	---------	-------------
Depreciation
At 1 June 2024	467,519	20,993	488,512
Charge for the year	–	3,672	3,672
Revaluations	( 467,519)	–	( 467,519)
	-------------	---------	-------------
At 31 May 2025	–	24,665	24,665
	-------------	---------	-------------
Carrying amount
At 31 May 2025	1,000,000	6,946	1,006,946
	-------------	---------	-------------
At 31 May 2024	789,063	10,618	799,681
	-------------	---------	-------------

Tangible assets held at valuation

Freehold property was revalued by the directors at the year end date.

6. DEBTORS

	2025	2024
	£	£
Trade debtors	54,233	54,321
Other debtors	65,883	61,084
	----------	----------
	120,116	115,405
	----------	----------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	29,979	71,020
Trade creditors	100,658	71,188
Corporation tax	15,480	24,192
Social security and other taxes	43,772	27,825
Other creditors	5,348	8,885
	----------	----------
	195,237	203,110
	----------	----------

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

	2025	2024
	£	£
Bank loans and overdrafts	419,710	374,940
	----------	----------

Included within creditors: amounts falling due after more than one year is an amount of £299,793 (2024: £155,819) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loan is repayable by monthly instalments and carries a varying rate of interest. Borrowing is secured against the commercial property occupied by the company.

9. OPERATING LEASES

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 1 year and not later than 5 years	16,500	16,500
	---------	---------

10. RELATED PARTY TRANSACTIONS

The company was under the control of its members during the current and previous year. No one party is deemed to have a controlling interest. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102, Section 1A.