REGISTERED NUMBER: 13233405 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

P & F KAY PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Kay

F Kay

REGISTERED OFFICE:

Windy Ridge House

Breeze Hill Road

Atherton

M46 9HJ

REGISTERED NUMBER:

13233405 (England and Wales)

ACCOUNTANTS:

Percy Westhead & Company

Chartered Accountants

Hanover House

30-32 Charlotte Street

Manchester

M1 4FD

FIXED ASSETS

Investment property

4

267,613

267,613

CURRENT ASSETS

Debtors

5

62,113

-

Cash at bank

2,703

52,532

64,816

52,532

CREDITORS

Amounts falling due within one year

6

170,661

164,048

NET CURRENT LIABILITIES

(105,845

)

(111,516

)

TOTAL ASSETS LESS CURRENT LIABILITIES

161,768

156,097

CREDITORS

Amounts falling due after more than one year

7

129,886

140,804

NET ASSETS

31,882

15,293

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

31,782

15,193

31,882

15,293

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd September 2026 and were signed on its behalf by:

P R Kay - Director

1.	STATUTORY INFORMATION

P & F Kay Properties Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 received or receivable net of value added tax and other sales taxes.

Rental income from investment property is included in the income statement in the period in which it arises under the relevant tenancy agreement.

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2025

and 31st December 2025

267,613

NET BOOK VALUE

At 31st December 2025

267,613

At 31st December 2024

267,613

Investment property acquired is included at cost, which, in the opinion of the directors, fairly represents the estimated market value of the property at 31st December 2025.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

3,447

-

Other debtors

58,666

-

62,113

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,917

10,487

Taxation and social security

7,264

3,618

Other creditors

152,480

149,943

170,661

164,048

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

129,886

140,804

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

81,340

94,241

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

140,803

151,291

At 31st December 2025 the bank loan was secured by a first legal charge over the relevant investment property dated 16th June 2021, a debenture over the property and assets of the company dated 5th July 2021 and an omnibus guarantee and set off agreement between Cover-Rule Limited, P & F Kay Properties Limited and Lloyds Bank Plc dated 16th June 2021.

The above charges were satisfied on 17th March 2026 following repayment in full of the related bank loan.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2025 and 31st December 2024:

2025

2024

£

£

P R Kay and F Kay

Balance outstanding at start of year

-

-

Amounts advanced

58,666

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

58,666

-

The above loan was repaid in full by March 2026.

10.	RELATED PARTY DISCLOSURES

During the period the company received an interest-free loan from Cover-Rule Limited, a company under the same control as P & F Kay Properties Limited. The amount due to Cover-Rule Limited at 31st December 2025 was £147,155 (2024 £147,155).