REGISTERED NUMBER: 01568327 (England and Wales)

Killerby Lease Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P H Fowler

SECRETARY:

D Crewsdon

REGISTERED OFFICE:

Pennant House

18 Field Street

Llangefni

Anglesey

LL77 7EH

REGISTERED NUMBER:

01568327 (England and Wales)

FIXED ASSETS

Tangible assets

4

14,157

16,023

Investments

5

40,871

31,169

55,028

47,192

CURRENT ASSETS

Stocks

7,152

7,112

Debtors

6

8,787

9,661

Cash at bank

5,379

3,475

21,318

20,248

CREDITORS

Amounts falling due within one year

7

30,331

31,362

NET CURRENT LIABILITIES

(9,013

)

(11,114

)

TOTAL ASSETS LESS CURRENT LIABILITIES

46,015

36,078

CREDITORS

Amounts falling due after more than one year

8

-

(3,626

)

PROVISIONS FOR LIABILITIES

(8,464

)

(4,308

)

NET ASSETS

37,551

28,144

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

37,451

28,044

37,551

28,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2026 and were signed by:

Mr P H Fowler - Director

1.	STATUTORY INFORMATION

Killerby Lease Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Solar Panels

-

5% on cost

Investments in associates

Investments in associate undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 1 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

31,712

Disposals

(329

)

At 31 August 2025

31,383

DEPRECIATION

At 1 September 2024

15,689

Charge for year

1,866

Eliminated on disposal

(329

)

At 31 August 2025

17,226

NET BOOK VALUE

At 31 August 2025

14,157

At 31 August 2024

16,023

5.	FIXED ASSET INVESTMENTS

Financial asset at fair value through profit and loss

The financial asset at fair value through the profit and loss represents shares quoted on the London Stock Exchange and were declared at mid market price at close of business at the year end date.

Financial asset at cost less impairment

The director is of the opinion that the net asset value and market value of the financial asset at cost less impairment which is unquoted is £500 as at 31st January 2025 which is the last date that the accounts are available for that company.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,003

2,881

Other debtors

6,784

6,780

8,787

9,661

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

469

293

Taxation and social security

461

263

Other creditors

29,401

30,806

30,331

31,362

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

3,626

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director loaned to the company £27,785 interest free and unsecured. This was the balance at 1st September 2023 and 31st August 2024.

10.	INVESTMENT IN SUBSIDIARIES, JOINT VENTURES AND ASSOCIATE

Cost £

Value £

First Independent Commerce of North Wales Limited 2022

400

1,701

At 31st August 2023

400

2,101

First Independent Commerce of North Wales Limited

Country of incorporation

England & Wales

Nature of Business

Secretarial services

Year end

30th April

Class of share

Ordinary £1

Percentage holding

20%

30.4.23

30.4.22

£

£

Aggregated capital and reserves

23,346

21,779

Profit for the year

1,567

1,799

The director is of the option that the market value of the company's 20% share is £2,101.