REGISTERED NUMBER: 15708441 (England and Wales)

KLJ. Developments Ltd

Unaudited Financial Statements

for the period

8th May 2024 to 30th May 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

to

4

Directors:

L Johnston

K Johnston

Registered office:

7 The Croft

East Ord

Berwick Upon Tweed

Northumberland

TD15 2NB

Registered number:

15708441 (England and Wales)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Current assets

Stocks

198,000

Debtors

4

46,020

Cash at bank

3

244,023

Creditors

Amounts falling due within one year

5

37,398

Net current assets

206,625

Total assets less current liabilities

206,625

Creditors

Amounts falling due after more than one year

6

232,956

Net liabilities

(26,331

)

Capital and reserves

Called up share capital

100

Retained earnings

(26,431

)

(26,331

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th May 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th June 2026 and were signed on its behalf by:

L Johnston - Director

1.	Statutory information

KLJ. Developments 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.	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.

Stocks

Work in progress is valued at the initial purchase cost of the land.

Financial instruments

The following assets and liabilities are classified as financial instruments - other loans and directors' loans.

Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Going concern

At this initial stage of the development the company has a deficit on the balance sheet and relies on the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis.

3.	Employees and directors

The average number of employees during the period was NIL.

4.

Debtors: amounts falling due within one year

£

Amounts owed by associates

38,500

Other debtors

7,520

46,020

5.

Creditors: amounts falling due within one year

£

Trade creditors

1,864

Amounts owed to associates

35,000

Other creditors

534

37,398

6.

Creditors: amounts falling due after more than one year

£

Other creditors

232,956

7.	Secured debts

The following secured debts are included within creditors:

£

Together loan

232,956

Paratus Amc Limited holds a charge over Plot 1 Castle Hills farm, Berwick upon Tweed, TD15 1PB.

Together Commercial Finance Limited holds a floating charge over all the property or undertaking of the company.