| Kirkellys Developments Limited |
| Registered number: |
09520898 |
| Balance Sheet |
| as at 31 March 2026 |
|
| Notes |
|
|
2026 |
|
|
2025 |
| £ |
£ |
| Fixed assets |
| Investments |
3 |
|
|
1,639,101 |
|
|
1,639,101 |
|
| Current assets |
| Debtors |
4 |
|
3,300 |
|
|
852 |
| Cash at bank and in hand |
|
|
15,327 |
|
|
1,629 |
|
|
|
18,627 |
|
|
2,481 |
|
| Creditors: amounts falling due within one year |
5 |
|
(1,380,611) |
|
|
(1,410,859) |
|
| Net current liabilities |
|
|
|
(1,361,984) |
|
|
(1,408,378) |
|
| Net assets |
|
|
|
277,117 |
|
|
230,723 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
277,017 |
|
|
230,623 |
|
| Shareholders' funds |
|
|
|
277,117 |
|
|
230,723 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr. G Kirwin |
| Director |
| Approved by the board on 20 May 2026 |
|
| Kirkellys Developments Limited |
| Notes to the Accounts |
| for the year ended 31 March 2026 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The reporting currency is Pounds Sterling (£) and all figures are rounded to the nearest £1. |
|
|
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 including rental income. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Freehold buildings |
over 50 years |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
over 5 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Investments |
|
Investment properties are carried at valuation unless this is similar to cost, in which case the latter is used. Any changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2026 |
|
2025 |
| Number |
Number |
|
|
Average number of persons employed by the company |
5 |
|
2 |
|
|
|
|
|
|
|
|
|
|
The above includes directors who are not employed under contracts of employment or service |
|
| 3 |
Investments |
| Investment |
| property |
| £ |
|
Cost |
|
At 1 April 2025 |
1,639,101 |
|
|
At 31 March 2026 |
1,639,101 |
|
|
| 4 |
Debtors |
2026 |
|
2025 |
| £ |
£ |
|
|
Other debtors |
3,300 |
|
852 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2026 |
|
2025 |
| £ |
£ |
|
|
Taxation and social security costs |
11,351 |
|
12,627 |
|
Other creditors |
1,369,260 |
|
1,398,232 |
|
|
|
|
|
|
1,380,611 |
|
1,410,859 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Share capital |
2026 |
|
2025 |
|
|
Ordinary shares of £1 each |
| No. |
No. |
|
Number allotted |
100 |
|
100 |
|
|
|
|
|
|
|
|
|
| £ |
£ |
|
Issued and fully paid |
100 |
|
100 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Related party transactions |
|
|
Included within creditors is a directors' loan account. The balance at 31 March 2026 was £1,363,974 (2025: £1,393,005). The loan is unsecured and has no set repayment terms. |
|
|
| 8 |
Controlling party |
|
|
The company is controlled by the directors as a body, there being no single controlling party. |
|
|
| 9 |
Other information |
|
|
Kirkellys Developments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
c/o Kirwin Brothers Ltd |
|
North Wall |
|
Fish Docks |
|
Grimsby |
|
DN31 3SY |