Makepeace Klassen Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14395050

Makepeace Klassen Ltd

Filleted Unaudited Financial Statements

31 October 2025

Makepeace Klassen Ltd

Financial Statements

Year ended 31 October 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Makepeace Klassen Ltd

Statement of Financial Position

31 October 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	–	250
Investments	6	9,454,065	8,822,352
		------------	------------
		9,454,065	8,822,602

Current assets

Debtors	7	2,601,157	437,180
Cash at bank and in hand		4,712	180
		------------	---------
		2,605,869	437,360

Creditors: amounts falling due within one year	8	8,227,882	6,268,952
		------------	------------
Net current liabilities		5,622,013	5,831,592
		------------	------------
Total assets less current liabilities		3,832,052	2,991,010

Creditors: amounts falling due after more than one year	9	2,308,540	2,083,540
		------------	------------
Net assets		1,523,512	907,470
		------------	------------

Capital and reserves

Called up share capital	300	300
Profit and loss account	1,523,212	907,170
	------------	---------
Shareholders funds	1,523,512	907,470
	------------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Makepeace Klassen Ltd

Statement of Financial Position (continued)

31 October 2025

These financial statements were approved by the board of directors and authorised for issue on 31 July 2026 , and are signed on behalf of the board by:

P J Rowlins

Director

Company registration number: 14395050

Makepeace Klassen Ltd

Notes to the Financial Statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Plant and machinery
	£
Cost
At 1 November 2024 and 31 October 2025	750
	----
Depreciation
At 1 November 2024	500
Charge for the year	250
	----
At 31 October 2025	750
	----
Carrying amount
At 31 October 2025	–
	----
At 31 October 2024	250
	----

6. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 November 2024	10	8,822,342	8,822,352
Additions	–	949,035	949,035
Disposals	–	( 1,072,191)	( 1,072,191)
Revaluations	–	549,486	549,486
Other movements	–	205,383	205,383
	----	------------	------------
At 31 October 2025	10	9,454,055	9,454,065
	----	------------	------------
Impairment
At 1 November 2024 and 31 October 2025	–	–	–
	----	------------	------------

Carrying amount
At 31 October 2025	10	9,454,055	9,454,065
	----	------------	------------
At 31 October 2024	10	8,822,342	8,822,352
	----	------------	------------

7. Debtors

	2025	2024
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	2,601,157	437,180
	------------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	–	15,091
Other creditors	8,227,882	6,253,861
	------------	------------
	8,227,882	6,268,952
	------------	------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,308,540	2,083,540
	------------	------------

10. Related party transactions

At the year end the company owed £8,226,272 (2024: £6,252,351) to a director.