John Kay Developments Limited 04319325 false 2025-04-01 2026-03-31 2026-03-31 The principal activity of the company is that of builders and property developers. Digita Accounts Production Advanced 6.30.9574.0 true true 04319325 2025-04-01 2026-03-31 04319325 2026-03-31 04319325 core:CurrentFinancialInstruments 2026-03-31 04319325 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 04319325 core:Non-currentFinancialInstruments 2026-03-31 04319325 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 04319325 core:FurnitureFittingsToolsEquipment 2026-03-31 04319325 core:LandBuildings 2026-03-31 04319325 core:MotorVehicles 2026-03-31 04319325 bus:SmallEntities 2025-04-01 2026-03-31 04319325 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 04319325 bus:FilletedAccounts 2025-04-01 2026-03-31 04319325 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 04319325 bus:RegisteredOffice 2025-04-01 2026-03-31 04319325 bus:CompanySecretary1 2025-04-01 2026-03-31 04319325 bus:Director1 2025-04-01 2026-03-31 04319325 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 04319325 bus:Agent1 2025-04-01 2026-03-31 04319325 core:FurnitureFittings 2025-04-01 2026-03-31 04319325 core:FurnitureFittingsToolsEquipment 2025-04-01 2026-03-31 04319325 core:LandBuildings 2025-04-01 2026-03-31 04319325 core:MotorVehicles 2025-04-01 2026-03-31 04319325 core:OfficeEquipment 2025-04-01 2026-03-31 04319325 core:PlantMachinery 2025-04-01 2026-03-31 04319325 countries:EnglandWales 2025-04-01 2026-03-31 04319325 2025-03-31 04319325 core:FurnitureFittingsToolsEquipment 2025-03-31 04319325 core:LandBuildings 2025-03-31 04319325 core:MotorVehicles 2025-03-31 04319325 2024-04-01 2025-03-31 04319325 2025-03-31 04319325 core:CurrentFinancialInstruments 2025-03-31 04319325 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 04319325 core:Non-currentFinancialInstruments 2025-03-31 04319325 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 04319325 core:FurnitureFittingsToolsEquipment 2025-03-31 04319325 core:LandBuildings 2025-03-31 04319325 core:MotorVehicles 2025-03-31 iso4217:GBP xbrli:pure

Registration number: 04319325

John Kay Developments Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2026

John Kay Developments Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Notes to the Unaudited Financial Statements | 5 to 10

John Kay Developments Limited

Company Information

Director | Mr J Kay

Company secretary | Mrs D Kay

Registered office | Tower Farm Gisburn Road Blacko Nelson Lancashire BB9 6NF

Accountants | Hargreaves, Brown & Benson Chartered Accountants 1 Bond Street Colne Lancashire BB8 9DG

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
John Kay Developments Limited
for the Year Ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of John Kay Developments Limited for the year ended 31 March 2026 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of John Kay Developments Limited, as a body. Our work has been undertaken solely to prepare for your approval the accounts of John Kay Developments Limited and state those matters that we have agreed to state to the Board of Directors of John Kay Developments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Kay Developments Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that John Kay Developments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of John Kay Developments Limited. You consider that John Kay Developments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of John Kay Developments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Hargreaves, Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

6 August 2026

John Kay Developments Limited

(Registration number: 04319325)
Balance Sheet as at 31 March 2026

| Note | 2026 £ | 2025 £
Fixed assets |  |  |
Tangible assets | 4 | 467,195 | 453,384
Investment property | 5 | 375,578 | 375,578
|  | 842,773 | 828,962
Current assets |  |  |
Stocks | 6 | 12,339 | 12,064
Debtors | 7 | 5,894 | 4,892
Cash at bank and in hand |  | 6,196 | 2,006
|  | 24,429 | 18,962
Creditors: Amounts falling due within one year | 8 | (43,733) | (57,827)
Net current liabilities |  | (19,304) | (38,865)
Total assets less current liabilities |  | 823,469 | 790,097
Creditors: Amounts falling due after more than one year | 8 | (400,000) | (360,000)
Provisions for liabilities |  | - | (7,123)
Net assets |  | 423,469 | 422,974
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 423,369 | 422,874
Shareholders' funds |  | 423,469 | 422,974

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

John Kay Developments Limited

(Registration number: 04319325)
Balance Sheet as at 31 March 2026

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2026

......................................... Mr J Kay Director

John Kay Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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:
Tower Farm
Gisburn Road
Blacko
Nelson
Lancashire
BB9 6NF

These financial statements were authorised for issue by the director on 30 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

John Kay Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% straight line
Motor vehicles | 20% straight line
Office equipment | 20% straight line
Fixtures and fittings | 20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

John Kay Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

John Kay Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year was 2 (2025 - 2).

4 | Tangible assets

| Land and buildings £ | Furniture, fittings and equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 April 2025 | 415,892 | 92,509 | 39,275 | 547,676
Additions | 24,853 | 3,450 | 6,000 | 34,303
Disposals | - | (10,500) | (1,325) | (11,825)
At 31 March 2026 | 440,745 | 85,459 | 43,950 | 570,154
Depreciation
At 1 April 2025 | - | 74,625 | 19,667 | 94,292
Charge for the year | - | 4,902 | 8,790 | 13,692
Eliminated on disposal | - | (3,700) | (1,325) | (5,025)
At 31 March 2026 | - | 75,827 | 27,132 | 102,959
Carrying amount
At 31 March 2026 | 440,745 | 9,632 | 16,818 | 467,195
At 31 March 2025 | 415,892 | 17,884 | 19,608 | 453,384

Included within the net book value of land and buildings above is £440,745 (2025 - £415,892) in respect of freehold land and buildings.

John Kay Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

5 | Investment properties

| 2026 £
At 1 April | 375,578
At 31 March | 375,578

6 | Stocks

| 2026 £ | 2025 £
Work in progress | 12,339 | 12,064

7 | Debtors

| 2026 £ | 2025 £
Trade debtors | 650 | 31
Prepayments | 1,000 | 3,450
Other debtors | 4,244 | 1,411
| 5,894 | 4,892

John Kay Developments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

8 | Creditors

Creditors: amounts falling due within one year

| Note | 2026 £ | 2025 £
Due within one year |  |  |
Loans and borrowings | 9 | 28,508 | 44,814
Trade creditors |  | 3,420 | 1,481
Taxation and social security |  | - | 27
Accruals and deferred income |  | 11,805 | 11,505
|  | 43,733 | 57,827

Creditors: amounts falling due after more than one year

| Note | 2026 £ | 2025 £
Due after one year |  |  |
Loans and borrowings | 9 | 400,000 | 360,000

9 | Loans and borrowings

Non-current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 400,000 | 360,000

Current loans and borrowings

| 2026 £ | 2025 £
Other borrowings | 28,508 | 44,814