REGISTERED NUMBER: 05265132 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

KILCRONA LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Eason

SECRETARY:

Mrs A F Eason

REGISTERED OFFICE:

215A Watling Street

Wilnecote

Tamworth

Staffordshire

B77 5BB

REGISTERED NUMBER:

05265132 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

202,210

212,554

Investment property

7

140,000

140,000

342,210

352,554

CURRENT ASSETS

Stocks

52,876

43,075

Debtors

8

366,903

378,723

Cash at bank and in hand

398,230

177,445

818,009

599,243

CREDITORS

Amounts falling due within one year

9

428,547

356,071

NET CURRENT ASSETS

389,462

243,172

TOTAL ASSETS LESS CURRENT LIABILITIES

731,672

595,726

PROVISIONS FOR LIABILITIES

12,500

14,000

NET ASSETS

719,172

581,726

CAPITAL AND RESERVES

Called up share capital

10

48

48

Capital redemption reserve

11

52

52

Retained earnings

11

719,072

581,626

SHAREHOLDERS' FUNDS

719,172

581,726

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 March 2026 and were signed by:

K Eason - Director

1.	STATUTORY INFORMATION

Kilcrona Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

Turnover

Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax.

Goodwill

Acquired goodwill is written off in equal instalments over its estimated useful economic life.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

20% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Profit and loss account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.

EMPLOYEES

The average number of employees during the year was 17 (2024 - 17 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

600,000

AMORTISATION

At 1 November 2024

and 31 October 2025

600,000

NET BOOK VALUE

At 31 October 2025

-

At 31 October 2024

-

6.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

Computer

property

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

167,728

91,406

11,501

70,129

340,764

Additions

-

2,320

-

8,292

10,612

At 31 October 2025

167,728

93,726

11,501

78,421

351,376

DEPRECIATION

At 1 November 2024

19,863

48,033

240

60,074

128,210

Charge for year

2,155

8,676

2,815

7,310

20,956

At 31 October 2025

22,018

56,709

3,055

67,384

149,166

NET BOOK VALUE

At 31 October 2025

145,710

37,017

8,446

11,037

202,210

At 31 October 2024

147,865

43,373

11,261

10,055

212,554

Included in cost of land and buildings is freehold land of approximately £60,000 which is not depreciated.

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

140,000

NET BOOK VALUE

At 31 October 2025

140,000

At 31 October 2024

140,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

259,611

230,644

Other debtors

107,292

148,079

366,903

378,723

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

326,805

229,798

Taxation and social security

83,880

67,364

Other creditors

17,862

58,909

428,547

356,071

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

48

48

11.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 1 November 2024

581,626

52

581,678

Profit for the year

217,446

217,446

Dividends

(80,000

)

(80,000

)

At 31 October 2025

719,072

52

719,124

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2025 and 31 October 2024:

2025

2024

£

£

K Eason

Balance outstanding at start of year

87,359

-

Amounts advanced

131,932

87,359

Amounts repaid

(188,215

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

31,076

87,359

The loan is interest free and was repaid within 9 months of the year end.

13.	RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £10,547 (2024: £13,003) due to a former director of the company.