REGISTERED NUMBER: 13725575 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

Kitley Self Storage Ltd

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

8

Directors:

C R Wotton

Mrs M T Wotton

Registered office:

Fallapit Barton

Fallapit

East Allington

Totnes

Devon

TQ9 7QE

Registered number:

13725575 (England and Wales)

Accountants:

Websters

129 North Hill

Plymouth

Devon

PL4 8JY

Fixed assets

Tangible assets

4

193,964

148,790

Current assets

Debtors

5

52,776

40,597

Cash at bank

9,810

17,262

62,586

57,859

Creditors

Amounts falling due within one year

6

138,080

146,690

Net current liabilities

(75,494

)

(88,831

)

Total assets less current liabilities

118,470

59,959

Provisions for liabilities

8

10,000

10,000

Net assets

108,470

49,959

Capital and reserves

Called up share capital

9

200

200

Retained earnings

108,270

49,759

Shareholders' funds

108,470

49,959

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 July 2026 and were signed on its behalf by:

C R Wotton - Director

1.	STATUTORY INFORMATION

Kitley Self Storage Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale and hire of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of goods have transferred to the buyer. Turnover from the hire of goods is recognised according to the period of hire.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Storage containers

-

5% on cost

Improvements to property

-

5% on cost

Fixtures and fittings

-

20% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Storage

to

and

Computer

containers

property

fittings

equipment

Totals

£

£

£

£

£

Cost

At 1 January 2025

120,900

42,793

2,373

2,078

168,144

Additions

51,400

-

784

2,527

54,711

At 31 December 2025

172,300

42,793

3,157

4,605

222,855

Depreciation

At 1 January 2025

13,654

3,353

577

1,770

19,354

Charge for year

6,259

2,138

442

698

9,537

At 31 December 2025

19,913

5,491

1,019

2,468

28,891

Net book value

At 31 December 2025

152,387

37,302

2,138

2,137

193,964

At 31 December 2024

107,246

39,440

1,796

308

148,790

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,901

12,074

Other debtors

42,875

28,523

52,776

40,597

Other debtors includes £5,157 in respect of a loan to a connected company. The loan is repayable on demand and has no fixed date for renewal.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

22,460

25,798

Taxation and social security

646

3,409

Other creditors

114,974

117,483

138,080

146,690

Other creditors includes £42,923 n respect of loans to connected companies. The loans are repayable on demand and have no fixed date for repayment.

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

19,100

19,100

Between one and five years

76,400

76,400

In more than five years

57,300

76,400

152,800

171,900

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

10,000

10,000

Deferred

tax

£

Balance at 1 January 2025

10,000

Accelerated capital allowances

Trading losses carried forward

Balance at 31 December 2025

10,000

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

200

Ordinary

£1

200

200

10.	RELATED PARTY DISCLOSURES

At the balance sheets date the company owed £50,636 to Mr and Mrs Wotton jointly.

The company also owed and was (owed) the following amounts to connected companies:

Justeel Limited - £(157) - a company owned and controlled by Mr and Mrs Wotton.

Newbury Container Storage Ltd - £25,923 - a company owned and controlled by Mr and Mrs Wotton.

Mountain Exchange Limited - £(16,000)

The company paid £2,800 to Newbury Container Storage for admin support.

The outstanding amounts have no fixed date for repayment and carry no interest.

11.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its directors, Mr and Mrs Wotton.