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Registered number: 01079356
Kennedy & Baxter Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2026
Kennedy & Baxter Limited
Contents
Contents

| Page
--- | ---
Abridged Balance Sheet | 1—2
Notes to the Abridged Financial Statements | 3—5

Page 1
Kennedy & Baxter Limited
Abridged Balance Sheet
As At 30 April 2026
Abridged Balance Sheet
Registered number: 01079356

| 2026 | 2025
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | - |  | 435
Investments | 5 |  | 2,219,040 |  | 1,380,000
|  |  | 2,219,040 |  | 1,380,435
CURRENT ASSETS
Debtors |  | 9,650 |  | 12,447 |
Cash at bank and in hand |  | 55,966 |  | 53,125 |
|  | 65,616 |  | 65,572 |
Creditors: Amounts Falling Due Within One Year |  | (21,005 ) |  | (21,045 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 44,611 |  | 44,527
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 2,263,651 |  | 1,424,962
Creditors: Amounts Falling Due After More Than One Year |  |  | (201,900 ) |  | (220,689 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 6 |  | (343,412 ) |  | (133,652 )
NET ASSETS |  |  | 1,718,339 |  | 1,070,621
CAPITAL AND RESERVES
Called up share capital | 8 |  | 1,000 |  | 1,000
Revaluation reserve | 9 |  | 1,617,804 |  | 778,764
Profit and Loss Account |  |  | 99,535 |  | 290,857
SHAREHOLDERS' FUNDS |  |  | 1,718,339 |  | 1,070,621

Page 1
Page 2
Kennedy & Baxter Limited
Abridged Balance Sheet (continued)
As At 30 April 2026
For the year ending 30 April 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2026 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board

S P Groarke Director
6 June 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Kennedy & Baxter Limited
Notes to the Abridged Financial Statements
For The Year Ended 30 April 2026
Notes to the Abridged Financial Statements
1. General Information
Kennedy & Baxter Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01079356 . The registered office is Nantucket The Lydgate, Milford On Sea, Lymington, SO41 0NU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows.

The presentation currency of the financial statements is the Pound Sterling (£).
2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. 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:

Computer Equipment | 33% straight line

2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Taxation
Income 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 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
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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Page 3
Page 4
Kennedy & Baxter Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 April 2026
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2025: 2)
2 2
4. Tangible Assets

| Total
--- | ---
| £
Cost
As at 1 May 2025 | 1,305
As at 30 April 2026 | 1,305
Depreciation
As at 1 May 2025 | 870
Provided during the period | 435
As at 30 April 2026 | 1,305
Net Book Value
As at 30 April 2026 | -
As at 1 May 2025 | 435

5. Investments

| Total
--- | ---
| £
Cost or Valuation
As at 1 May 2025 | 1,380,000
Fair value adjustments | 839,040
As at 30 April 2026 | 2,219,040
Provision
As at 1 May 2025 | -
As at 30 April 2026 | -
Net Book Value
As at 30 April 2026 | 2,219,040
As at 1 May 2025 | 1,380,000

Other investments comprise investment property. The lastest open market valuation, undertaken by a RICS qualified professional was on 27 May 2017 which valued the properties at £1,380.000. During 2026 a desk-top assessment for insurance purposes valued the property at £2,219,040. The directors consider, using an informal valuation basis, that the fair value of the investment property at the Balance Sheet date is £2,219,040.
6. Deferred Taxation
Deferred tax comprises the potential tax on the gain in investment properties:

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Other timing differences | 343,412 |  | 133,652

Page 4
Page 5
Kennedy & Baxter Limited
Notes to the Abridged Financial Statements (continued)
For The Year Ended 30 April 2026
7. Provisions for Liabilities

| Deferred Tax | Total
--- | --- | ---
| £ | £
As at 1 May 2025 | 133,652 | 133,652
Additions | 209,760 | 209,760
Balance at 30 April 2026 | 343,412 | 343,412

8. Share Capital

| 2026 |  | 2025
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,000 |  | 1,000

9. Reserves

| Revaluation reserve | Profit and Loss Account
--- | --- | ---
| £ | £
As at 1 May 2025 | 778,764 | 290,857
Profit for year | - | 653,719
Surplus on revaluation | 839,040 | -
Other comprehensive income for the year | 839,040 | -
Total comprehensive income for the year | 839,040 | 653,719
Dividends paid | - | (6,000)
Transfer from revaluation reserve | - | (839,041)
As at 30 April 2026 | 1,617,804 | 99,535

Page 5