ACCOUNTS - Final Accounts preparation

Loans and borrowings

Analysis of the maturity of loans is given below:

Registered number: 10942746

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 SEPTEMBER 2025

	KITCLIFFE MANAGEMENT LIMITED


KITCLIFFE MANAGEMENT LIMITED REGISTERED NUMBER:10942746

STATEMENT OF FINANCIAL POSITION

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Investment property	4		359,630		359,630
			359,630		359,630
Current assets
Debtors: amounts falling due within one year	5	305		285
Cash at bank and in hand		29,053		15,159
		29,358		15,444
Creditors: amounts falling due within one year	6	(272,218)		(271,992)
Net current liabilities			(242,860)		(256,548)
Total assets less current liabilities			116,770		103,082
Creditors: amounts falling due after more than one year	7		(73,458)		(74,727)

Net assets			43,312		28,355

Capital and reserves
Called up share capital	100	100
Profit and loss account	43,212	28,255
	43,312	28,355

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 June 2026.

Mr J G Harrington

Director

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KITCLIFFE MANAGEMENT LIMITED REGISTERED NUMBER:10942746

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 30 SEPTEMBER 2025

The notes on pages 3 to 6 form part of these financial statements.

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KITCLIFFE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE 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:
Hey Cottage
Ripponden Road
Denshaw
Oldham
Lancashire
OL3 5UN

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The financial statements have been prepared on a going concern basis.

2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 income.

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KITCLIFFE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.7

Investment property

Investment property is carried at fair value determined annually by external valuers 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. Changes in fair value are recognised in profit or loss.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

2.12

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the income statement..

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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KITCLIFFE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 October 2024	359,630
	At 30 September 2025	359,630

There has been no valuation of investment property by an independent valuer. The valuation is based on the directors estimate.

Debtors

					2025	2024
					£	£


Prepayments	305	285
	305	285

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Loans and borrowings	2,734	2,672
Other taxation and social security	3,509	3,345
Other creditors	265,135	265,135
Accruals and deferred income	840	840
	272,218	271,992

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Loans and borrowings	73,458	74,727
	73,458	74,727

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KITCLIFFE MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Current loans and borrowings
Bank borrowings	2,734	2,672
	2,734	2,672
Non-current loans and borrowings
Bank borrowings	73,458	74,727
	73,458	74,727


	76,192	77,399

The bank loan is secured by a fixed charge over the property to which it relates.

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