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Registered number: 13168881
Kandy Real Estate Ltd
Unaudited Financial Statements
For The Year Ended 28 February 2026
Search Accountancy Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 13168881
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 657,632 531,626
657,632 531,626
CURRENT ASSETS
Debtors 5 14,012 11,150
Cash at bank and in hand 3,530 4,492
17,542 15,642
Creditors: Amounts Falling Due Within One Year 6 (175,608 ) (175,024 )
NET CURRENT ASSETS (LIABILITIES) (158,066 ) (159,382 )
TOTAL ASSETS LESS CURRENT LIABILITIES 499,566 372,244
Creditors: Amounts Falling Due After More Than One Year 7 (390,177 ) (390,177 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (31,322 ) (130 )
NET ASSETS/(LIABILITIES) 78,067 (18,063 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 11 125,000 -
Profit and Loss Account (47,033 ) (18,163 )
SHAREHOLDERS' FUNDS 78,067 (18,063)
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For the year ending 28 February 2026 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
Mr A Sankey
Director
29/05/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Kandy Real Estate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13168881 . The registered office is The Junction, Charles Street, Horbury, Wakefield, WF4 5FH.
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.
This is the first year the company has prepared its financial statements under FRS 102. The date of transition to FRS 102 was 1 March 2025. The financial statements for the year ended 28 February 2026 were originally prepared under previous UK GAAP. The transition has resulted in certain changes to accounting policies, presentation, and layout, which are detailed in Note 2.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
2.4. 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:
Freehold No depreciation
Leasehold No depreciation
Fixtures & Fittings 33.33% Sstaight Line
Land and property are measured at fair value less subsequent depreciation and impairment. Valuations are performed regularly, with increases recognized in other comprehensive income and accumulated in the revaluation surplus, while decreases are charged to profit or loss unless they reverse previous gains.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2025: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Leasehold Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 March 2025 516,098 15,007 695 531,800
Additions 1,237 - - 1,237
Revaluation 125,000 - - 125,000
As at 28 February 2026 642,335 15,007 695 658,037
Depreciation
As at 1 March 2025 - - 174 174
Provided during the period - - 231 231
As at 28 February 2026 - - 405 405
...CONTINUED
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Net Book Value
As at 28 February 2026 642,335 15,007 290 657,632
As at 1 March 2025 516,098 15,007 521 531,626
5. Debtors
2026 2025
£ £
Due within one year
Trade debtors - 1,150
Other debtors 14,012 10,000
14,012 11,150
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 9,320 14,882
Amounts owed to group undertakings 37,300 13,500
Other creditors 128,988 146,642
175,608 175,024
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Bank loans 390,177 390,177
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2026 2025
£ £
Other timing differences 31,322 130
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2025 Amounts advanced Amounts repaid Amounts written off As at 28 February 2026
£ £ £ £ £
Mr Andrew Sankey 67,835 18,370 12,731 - 62,195
Mrs Kirsty Sankey 78,207 11,000 - - 67,207
The above loan is unsecured, interest free and repayable on demand.
11. Reserves
Revaluation reserve Profit and Loss Account
£ £
As at 1 March 2025 - (18,163 )
Loss for year - (28,870)
Surplus on revaluation 125,000 -
Other comprehensive income for the year 125,000 -
Total comprehensive income for the year 125,000 (28,870 )
As at 28 February 2026 125,000 (47,033 )
12. Related Party Transactions
Included within other creditors is £37,300 (2025 - £13,500) for an interest free loan owed to Kandy Investments Limited of which the director of this company is also the director.
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