Registration number: 09870038

EKAT DEVELOPMENTS LTD

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

EKAT DEVELOPMENTS LTD

Company Information

Directors

Adrian Michael Smith Tracey Elizabeth Smith

Registered office

Clarence House 279 Helmshore Road Haslingden Rossendale BB4 4DJ

EKAT DEVELOPMENTS LTD

(Registration number: 09870038)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	18,101	21,295
Investment property	6	2,727,008	2,724,056
		2,745,109	2,745,351
Current assets
Debtors	7	55,762	14,329
Cash at bank and in hand		5,793	8,439
		61,555	22,768
Creditors: Amounts falling due within one year	8	(460,092)	(457,925)
Net current liabilities		(398,537)	(435,157)
Total assets less current liabilities		2,346,572	2,310,194
Creditors: Amounts falling due after more than one year	8	(1,326,354)	(1,326,354)
Provisions for liabilities		(76,288)	(75,284)
Net assets		943,930	908,556
Capital and reserves
Called up share capital		2	2
Retained earnings		943,928	908,554
Shareholders' funds		943,930	908,556

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 Profit and Loss Account.

Approved and authorised by the Board on 29 October 2026 and signed on its behalf by:
 

EKAT DEVELOPMENTS LTD

(Registration number: 09870038)
Balance Sheet as at 31 January 2026

......................................... Adrian Michael Smith Director

EKAT DEVELOPMENTS LTD

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 and Wales.

The address of its registered office is:
Clarence House
279 Helmshore Road
Haslingden
Rossendale
BB4 4DJ

These financial statements were authorised for issue by the Board on 29 October 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, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

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 turnover 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.

EKAT DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the year ended 31 January 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:

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. 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.

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.

EKAT DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

3	Staff numbers

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

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	8,843	7,955
Deferred taxation
Arising from previously unrecognised tax loss, tax credit or temporary difference of prior periods	1,004	(62,109)
Tax expense/(receipt) in the income statement	9,847	(54,154)

EKAT DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

5	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 February 2025	38,000	38,000
At 31 January 2026	38,000	38,000
Depreciation
At 1 February 2025	16,705	16,705
Charge for the year	3,194	3,194
At 31 January 2026	19,899	19,899
Carrying amount
At 31 January 2026	18,101	18,101
At 31 January 2025	21,295	21,295

6	Investment properties

 

The directors consider the carrying value of the investment properties to represent their fair value at the reporting date.

Fair value at 31st January 2026 is represented by:

Cost: £2,482,684
Fair value adjustments: £244,324

	2026 £
At 1 February	2,724,056
Additions	2,952
At 31 January	2,727,008

7

Debtors

EKAT DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

Current	Note	2026 £	2025 £
Amounts owed by related parties	11	53,212	11,600
Prepayments		1,400	1,579
Other debtors		1,150	1,150
		55,762	14,329

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Taxation and social security	11,862	10,974
Accruals and deferred income	1,800	1,361
Other creditors	446,430	445,590
	460,092	457,925

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	10	1,326,354	1,326,354

Loans and borrowings include loans which are secured by fixed and floating charges against the investment properties. The amount outstanding on the loans at the balance sheet date was £1,326,354 (2024: £1,326,354).

9	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2025	75,284	75,284
Increase (decrease) in existing provisions	1,004	1,004
At 31 January 2026	76,288	76,288

EKAT DEVELOPMENTS LTD

Notes to the Unaudited Financial Statements for the year ended 31 January 2026

10	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Other borrowings	1,326,354	1,326,354

11	Related party transactions

The company has taken advantage of the exemption under FRS 102 paragraph 33.1A not to disclose transactions between wholly-owned members of the same group.

12	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2