Kingsley Property Development (Kessingland) Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 6

Kingsley Property Development (Kessingland) Limited

Balance Sheet

30 September 2025

	Note	2025 £	Unaudited 2024 £
Current assets
Stocks	4	235,322	-
Debtors	5	10,044	-
Cash at bank and in hand		2	2
		245,368	2
Creditors: Amounts falling due within one year	6	(18,471)	-
Total assets less current liabilities		226,897	2
Creditors: Amounts falling due after more than one year	6	(227,417)	-
Net (liabilities)/assets		(520)	2
Capital and reserves
Called up share capital	7	2	2
Profit and loss account		(522)	-
Shareholder's (deficit)/funds		(520)	2

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 23 May 2026 and signed on its behalf by:
 

......................................... Mr V Thayanandarajah Director

Company Registration Number: 13069393

Kingsley Property Development (Kessingland) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Kingsley House
Clapham Road South
Lowestoft
Suffolk
NR32 1QS
England

These financial statements were authorised for issue by the Board on 23 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

At the year end date, the company had net liabilities of £522 (2024 - net assets £2) and incurred a net loss for the year then ended of £522 (2024 - £Nil).

The directors believe, with the support of the parent company and the directors, the company has sufficient working capital to continue to trade for the foreseeable future.

Therefore the directors continue to adopt a going concern basis in preparing the financial statements.

The financial statements do not include any adjustments that would result from any change in the company's circumstances such that the going concern basis would no longer be appropriate.

Kingsley Property Development (Kessingland) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Key sources of estimation uncertainty

In the application of the company's accounting policies management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily
apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these
estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key estimates that have a significant effect on the amounts recognised in the financial statements are described below:

Group recharges
Cost re-allocations are required in order to fairly reflect the cost of management services borne by group companies and entities under common control. These are based on judgemental estimates of
the proportion of management time spent in areas of the business which are different from where the payroll cost is originally processed, and where joint contracts of employment are in place.

Intercompany loan interest
The business trades as part of a group. In addition to recharges of central costs and other trading settlements, management charges are raised to reflect the cost of funding arranged at a group level.
Significant balances with group and other connected parties arise, these balances are due after more than one year. The lending company charges interest on these loans using a market rate for an
equivalent third party loan.

The carrying value of amounts owed to/from group companies and entities under common control can be found in notes 5 and 6.

Management are required to make estimates as to the outflow of economic benefits which will be required to settle an obligation in making provisions.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense
recognised as other comprehensive income is also recognised directly in other comprehensive
income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been
enacted or substantively enacted by the reporting date in the countries where the company operates
and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below.
Timing differences are differences between taxable profits and the results as stated in the profit and
loss account and other comprehensive income. Deferred tax is determined using tax rates and laws
that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation
allowance is set up against deferred tax assets so that the net carrying amount equals the highest
amount that is more likely than not to be recovered based on current or future taxable profit.

Kingsley Property Development (Kessingland) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

Stocks

Stocks relate to inventories that are work in progress. This is property costs that are in the process of construction or development in which funding is due to be received for. The value of this stock includes all costs associated with this development.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Loans with group companies and entities under common control; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for loans with group companies and entities under common control, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Loans with group companies and entities under common control are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4

Stocks

	2025 £	2024 £
Work in progress	235,322	-

Kingsley Property Development (Kessingland) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

5

Debtors

	2025 £	2024 £
Other debtors	10,044	-
	10,044	-

6

Creditors

	2025 £	2024 £
Due within one year
Accruals and deferred income	18,471	-

 

	2025 £	2024 £
Due after one year
Amounts owed to group undertakings	46,470	-
Amounts owed to connected companies	180,947	-
	227,417	-

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	2	2	2	2

Kingsley Property Development (Kessingland) Limited

Notes to the Financial Statements

Year Ended 30 September 2025

8	Related party transactions

The company has taken advantage of the exemption provided by FRS102 to not disclose transactions entered into between two or more members of a group, provided that any subsidiary which is a party to the transaction is wholly owned by such a member.

Loans from related parties

2025	Entities under common control £
Advanced	180,947
At end of period	180,947

9	Audit report

The Independent Auditors' Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report was James Barrett FCA, who signed for and on behalf of PKF Francis Clark on 2 June 2026.

10	Parent and ultimate parent undertaking

The company's immediate parent is Palmarah Holdings Limited, incorporated in Jersey.

 The ultimate controlling party is Thayan Family Office Limited.