Company Registration No. 12169115 (England and Wales)
KJB Asset Holdings Ltd
Unaudited accounts
for the year ended 31 August 2025
KJB Asset Holdings Ltd
Unaudited accounts
Contents
KJB Asset Holdings Ltd
Statement of financial position
as at 31 August 2025
Tangible assets
289,026
239,202
Cash at bank and in hand
8,864
58,112
Creditors: amounts falling due within one year
(281,274)
(276,506)
Net current liabilities
(150,197)
(85,940)
Total assets less current liabilities
138,849
153,262
Creditors: amounts falling due after more than one year
(30,211)
(46,832)
Provisions for liabilities
Deferred tax
(6,671)
(6,719)
Called up share capital
120
120
Revaluation reserve
18,118
18,118
Profit and loss account
83,729
81,473
Shareholders' funds
101,967
99,711
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 August 2026 and were signed on its behalf by
Lisa Cherie Simmonds
Director
Company Registration No. 12169115
KJB Asset Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2025
KJB Asset Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12169115. The registered office is 24 Red Lion Lane, Norton Canes , CANNOCK, Staffordshire, WS11 9QP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% on cost on buildings only
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred taxation is provided at 25% of any freehold revaluation surplus.
Deferred tax assets and liabilities are not discounted.
KJB Asset Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2024
235,624
2,624
2,994
241,242
Additions
50,077
516
-
50,593
At 31 August 2025
285,701
3,140
2,994
291,835
At 1 September 2024
-
1,438
602
2,040
Charge for the year
-
290
479
769
At 31 August 2025
-
1,728
1,081
2,809
At 31 August 2025
285,701
1,412
1,913
289,026
At 31 August 2024
235,624
1,186
2,392
239,202
Carrying amount of land and buildings on cost basis
270,327
213,220
The Freehold Land and Building, including the Fishery Lake, were valued at £215,000 by the directors on 31st August 2023. Expenditure after that date has been included at cost without any depreciation charge. The Directors consider the value of land and buildings to be in excess of its net book value.
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Investments
Other investments
Valuation at 1 September 2024
-
Valuation at 31 August 2025
20
In the year the company acquired a 20% holding in Spire View Estates Limited
KJB Asset Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2025
Amounts falling due within one year
Trade debtors
120,974
132,454
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Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
16,621
15,299
Trade creditors
43,650
41,761
Taxes and social security
34,835
26,662
Other creditors
29,044
20,773
Loans from directors
118,111
140,169
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Creditors: amounts falling due after more than one year
2025
2024
The Bounceback bank loan is repayable within five years and is unsecured.
The company entered into a further Bank loan in 2024 that is secured by a fixed and floating legal mortgage over the company's freehold and leasehold property and certain plant and machinery and trade fixtures and fittings. This loan is repayable within 5 years.
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).