P & D Kinsella Properties Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 14585238 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

P & D Kinsella Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P D Kinsella

C B G Kinsella

Mrs D N Kinsella

REGISTERED OFFICE:

North Lodge Farm

Pen Y Cae

Bridgend

CF31 4LE

REGISTERED NUMBER:

14585238 (England and Wales)

ACCOUNTANTS:

Dunkley's

Woodlands Grange

Woodlands Lane

Bradley Stoke

Bristol

United Kingdom

BS32 4JY

FIXED ASSETS

Investment property

4

228,822

53,986

CURRENT ASSETS

Debtors

5

1,271

-

Cash at bank

27,321

77,848

28,592

77,848

CREDITORS

Amounts falling due within one year

6

241,640

134,053

NET CURRENT LIABILITIES

(213,048

)

(56,205

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,774

(2,219

)

CREDITORS

Amounts falling due after more than one year

7

30,000

-

NET LIABILITIES

(14,226

)

(2,219

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

(14,326

)

(2,319

)

SHAREHOLDERS' FUNDS

(14,226

)

(2,219

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 28 October 2026 and were signed on its behalf by:

C B G Kinsella - Director

1.	STATUTORY INFORMATION

P & D Kinsella 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.

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.

The financial statements are presented in Pounds Sterling (£), which is the Company’s functional and presentation currency.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.

The estimates and associated assumptions are based on historical experience and other factors considered to be relevant. Actual results may differ from these estimates.

The following are the critical judgements and key sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Valuation of investment property.

Investment property is measured at fair value, with changes recognised in profit or loss. The valuation is based on market conditions and may involve the use of external valuers and assumptions regarding yields and rental income.

Government grants

Government grants are recognised when there is reasonable assurance that the Company will comply with the conditions attaching to them and that the grants will be received. Grants relating to capital expenditure are recognised as deferred income and released to the Income Statement over the periods in which the Company recognises the related costs for which the grants are intended to compensate

Investment property

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

Financial instruments

The Company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’.

Financial instruments are recognised in the Company’s balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Short-term creditors are measured at transaction price. Other financial liabilities, including bank loans and other loans, are initially measured at transaction price (including transaction costs) and subsequently measured at amortised cost using the effective interest method.

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.

Going concern

The financial statements have been prepared on a going concern basis. At the balance sheet date the Company had net current liabilities of £213,048 and net liabilities of £14,226. The Company is reliant on the continued financial support of its directors. Having considered the Company's financial position and future cash flows, and having received confirmation of the directors' continued support, the directors are satisfied that the Company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

53,986

Additions

174,836

At 31 January 2026

228,822

NET BOOK VALUE

At 31 January 2026

228,822

At 31 January 2025

53,986

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Prepayments and accrued income

1,271

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Directors' current accounts

177,763

133,322

Accruals and deferred income

882

731

Deferred government grants

62,995

-

241,640

134,053

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

Other loans - 1-2 years

30,000

-

8.	SECURED DEBTS

The Company had no secured liabilities at the balance sheet date.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.26

31.1.25

value:

£

100

Ordinary

£1.00

100

10.

RESERVES

Retained

earnings

£

At 1 February 2025

(2,319

)

Deficit for the year

(12,007

)

At 31 January 2026

(14,326

)

11.	CONTINGENT LIABILITIES

The Company had no contingent liabilities at the balance sheet date.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the Company owed £34,515 (2025 - £75,409) to Mr P Kinsella a director. The balance is unsecured, interest-free and repayable on demand.

At the balance sheet date, the Company owed £143,248 (2025 - NIL) to Mr C Kinsella a director. The balance is unsecured, interest-free and repayable on demand.

At the balance sheet date, the Company owed NIL (2025 - £57,913) to Mrs D Kinsella, a director. The balance is unsecured, interest-free and repayable on demand.

13.	POST BALANCE SHEET EVENTS

There have been no events after the balance sheet date affecting the Company since the financial period.