Registration number: 13881984

Kite Valley Properties Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 7

Kite Valley Properties Limited

Company Information

Directors

Mrs RE Meadows Mr CA Meadows Mrs EA Crook Mr EW Crook

Registered office

C/O GSG Buildings Ltd. Frank Street Preston Lancashire PR1 1PB

Accountants

McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

Kite Valley Properties Limited

(Registration number: 13881984)
Statement of Financial Position as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	4,820	4,706
Investment property	5	341,232	341,232
		346,052	345,938
Current assets
Debtors	7	1,754	2,210
Cash at bank and in hand		20,876	31,482
		22,630	33,692
Creditors: Amounts falling due within one year	8	(303,567)	(307,913)
Net current liabilities		(280,937)	(274,221)
Total assets less current liabilities		65,115	71,717
Provisions for liabilities		(6,178)	(4,539)
Net assets		58,937	67,178
Capital and reserves
Called up share capital		1,004	1,004
Other reserves		40,500	40,500
Retained earnings		17,433	25,674
Shareholders' funds		58,937	67,178

For the financial year ending 31 January 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 3 September 2026 and signed on its behalf by:
 

......................................... Mrs RE Meadows Director

Kite Valley Properties Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
C/O GSG Buildings Ltd.
Frank Street
Preston
Lancashire
PR1 1PB

These financial statements were authorised for issue by the Board on 3 September 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rent of the properties in the ordinary course of the company's activities.

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 current and 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.

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.

Kite Valley Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

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 statement of financial position 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	10% on cost
Fixture and fittings	10% on cost
Office equipment	33.33% on cost

Investment property

Investment property is carried out at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and 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.

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.

Kite Valley Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

2	Accounting policies (continued)

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.

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.

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 directors) during the year, was 4 (2025 - 4).

Kite Valley Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 February 2025	4,208	2,000	-	6,208
Additions	-	-	1,103	1,103
At 31 January 2026	4,208	2,000	1,103	7,311
Depreciation
At 1 February 2025	1,018	484	-	1,502
Charge for the year	421	200	368	989
At 31 January 2026	1,439	684	368	2,491
Carrying amount
At 31 January 2026	2,769	1,316	735	4,820
At 31 January 2025	3,190	1,516	-	4,706

5	Investment properties

	2026 £
At 1 February	341,232
At 31 January	341,232

There has been no valuation of investment property by an independent valuer.

6	Investments

Revaluation

Cost	£291,233
Revaluation in 2023	£49,999
Total	£341,232

Kite Valley Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026 (continued)

7

Debtors

Current	2026 £	2025 £
Trade debtors	426	881
Prepayments	1,328	1,329
	1,754	2,210

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Trade creditors	-	1
Taxation and social security	7,539	4,160
Accruals and deferred income	3,692	11,356
Other creditors	292,336	292,396
	303,567	307,913