REGISTERED NUMBER: 16021036 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 16 OCTOBER 2024 TO 31 OCTOBER 2025

FOR

KALM RENTALS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Kenneth Skillen

Alison Skillen

SECRETARY:

Alison Skillen

REGISTERED OFFICE:

Evergreen Haydn Close,

Kings Worthy

Winchester

SO23 7RD

REGISTERED NUMBER:

16021036 (England and Wales)

ACCOUNTANTS:

Stewart Gilmour & Co.

Chartered Accountants

24 Beresford Terrace

Ayr

KA7 2EG

FIXED ASSETS

Investment property

4

144,549

CURRENT ASSETS

Cash at bank and in hand

457

CREDITORS

Amounts falling due within one year

5

156,538

NET CURRENT LIABILITIES

(156,081

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(11,532

)

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

(11,632

)

SHAREHOLDERS' FUNDS

(11,532

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by:

Kenneth Skillen - Director

1.	STATUTORY INFORMATION

KALM Rentals Limited 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 as modified by the revaluation of certain assets.

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.

In accordance with FRS 102, investment properties are revalued annually at fair value. Changes to fair value are reflected in the profit and loss account No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principles set out in FRS 102. The director considers that, because these properties are not held for their consumption, but for their investment potential, to depreciate them would not give a true and fair view, and that it is necessary to apply FRS 102 in order to give a true and fair view.

If this departure from the Act had not been made, the reported net profit for the financial year would have been reduced by additional depreciation charges of £2,891.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

144,549

At 31 October 2025

144,549

NET BOOK VALUE

At 31 October 2025

144,549

Fair value at 31 October 2025 is represented by:

£

Cost

144,549

If the investment property had not been revalued it would have been included at the following historical cost:

£

Cost

144,549

Investment property was valued on an open market basis on 31 October 2025 by director Kenneth Skillen .

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other creditors

156,538

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

45

Ordinary

£1

45

45

Ordinary 'A'

£1

45

10

Ordinary 'B' - 'C'

£1

10

100

The following shares were allotted and fully paid for cash at par during the period:

45 Ordinary shares of £1 each

45 Ordinary 'A' shares of £1 each

10 Ordinary 'B' - 'C' shares of £1 each