Company registration number 01966106 (England and Wales)
Kitsel Limited
Unaudited financial statements
For the year ended 31 August 2025
Kitsel Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Kitsel Limited
Statement of financial position
As at 31 August 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
1,516,357
1,516,357
Current assets
Cash at bank and in hand
260,472
219,730
Creditors: amounts falling due within one year
4
(654,555)
(488,903)
Net current liabilities
(394,083)
(269,173)
Total assets less current liabilities
1,122,274
1,247,184
Provisions for liabilities
(172,267)
(172,267)
Net assets
950,007
1,074,917
Capital and reserves
Called up share capital
100
100
Fair value reserve
5
911,779
911,779
Retained earnings
38,128
163,038
Total equity
950,007
1,074,917

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 10 April 2026
Mr R Jeavons
Director
Company registration number 01966106 (England and Wales)
Kitsel Limited
Notes to the financial statements
For the year ended 31 August 2025
- 2 -
1
Accounting policies
Company information

Kitsel Limited is a private company limited by shares incorporated in England and Wales. The registered office is Stafford Road, Darlaston, Wednesbury, West Midlands, England, WS10 8SZ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

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

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Kitsel Limited
Notes to the financial statements (continued)
For the year ended 31 August 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Investment property
2025
£
Fair value
At 1 September 2024 and 31 August 2025
1,516,357

Directors are of the opinion that the market value of freehold property does not materially differ from the value in these financial statements.

4
Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings
611,456
480,669
Corporation tax
-
0
5,375
Other creditors
43,099
2,859
654,555
488,903
5
Fair value reserve
2025
2024
£
£
At the beginning of the year
911,779
953,123
Fair value reserve
-
(41,344)
At the end of the year
911,779
911,779
6
Related party transactions

At 31 August 2025, the amounts owed to the directors was £43,099 (2024: £2,859).

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