Kettering Community Business Centre Development Trust Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03898593

KETTERING COMMUNITY BUSINESS CENTRE DEVELOPMENT TRUST

Company Limited by Guarantee

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 December 2025

KETTERING COMMUNITY BUSINESS CENTRE DEVELOPMENT TRUST

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION

31 December 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	6		1,251,256		1,049,999

CURRENT ASSETS

Debtors	7	15,694	17,741
Cash at bank and in hand		280,245	239,380
		---------	---------
		295,939	257,121

CREDITORS: amounts falling due within one year	8	41,573		41,241
		---------		---------
NET CURRENT ASSETS			254,366		215,880
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,505,622		1,265,879

PROVISIONS	212,813	100,003
	------------	------------
NET ASSETS	1,292,809	1,165,876
	------------	------------

CAPITAL AND RESERVES

Non distributable reserve	637,499	425,249
Profit and loss account	655,310	740,627
	------------	------------
MEMBERS FUNDS	1,292,809	1,165,876
	------------	------------

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 comprehensive income has not been delivered.

For the year ending 31 December 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 .

KETTERING COMMUNITY BUSINESS CENTRE DEVELOPMENT TRUST

COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL POSITION (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 8 September 2026 , and are signed on behalf of the board by:

Mr M Toms

Director

Company registration number: 03898593

KETTERING COMMUNITY BUSINESS CENTRE DEVELOPMENT TRUST

COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2025

1. GENERAL INFORMATION

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Business Exchange, Rockingham Road, Kettering, Northamptonshire, NN16 8JX.

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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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	-	30% straight line
Fixtures and fittings	-	20% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are 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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. COMPANY LIMITED BY GUARANTEE

The liability of members in the event of a winding up is limited to £1 per member.

5. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

6. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Investment property	Total
	£	£	£	£
Cost or valuation
At 1 January 2025	70,198	66,057	1,048,984	1,185,239
Additions	1,303	–	–	1,303
Revaluations	–	–	325,000	325,000
	--------	--------	------------	------------
At 31 December 2025	71,501	66,057	1,373,984	1,511,542
	--------	--------	------------	------------
Depreciation
At 1 January 2025	69,650	65,590	–	135,240
Charge for the year	850	212	–	1,062
Impairment losses	–	–	123,984	123,984
	--------	--------	------------	------------
At 31 December 2025	70,500	65,802	123,984	260,286
	--------	--------	------------	------------
Carrying amount
At 31 December 2025	1,001	255	1,250,000	1,251,256
	--------	--------	------------	------------
At 31 December 2024	548	467	1,048,984	1,049,999
	--------	--------	------------	------------

If the investment properties had not been revalued they would have been included at the following historical cost:

	2025	2024
	£	£
Cost	523,985	523,985

The properties were valued by the directors on an open market basis on 31 December 2025.

7. DEBTORS

	2025	2024
	£	£
Trade debtors	1,609	4,574
Other debtors	14,085	13,167
	--------	--------
	15,694	17,741
	--------	--------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,832	3,500
Corporation tax	9,967	11,330
Social security and other taxes	2,617	2,395
Other creditors	27,157	24,016
	--------	--------
	41,573	41,241
	--------	--------