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REGISTERED NUMBER: 03818517 (England and Wales)



















Financial Statements

for the Year Ended 31 December 2021

for

Kimber Properties Limited

Kimber Properties Limited (Registered number: 03818517)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kimber Properties Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: G J Supple





SECRETARY: Mrs A J Supple





REGISTERED OFFICE: 20 Victoria Way
Pride Park
Derby
DE24 8AN





REGISTERED NUMBER: 03818517 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Kimber Properties Limited (Registered number: 03818517)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,030,000 966,000

CURRENT ASSETS
Debtors 5 366,040 446,435
Cash at bank 3,367 8,144
369,407 454,579
CREDITORS
Amounts falling due within one year 6 134,688 146,689
NET CURRENT ASSETS 234,719 307,890
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,264,719

1,273,890

CREDITORS
Amounts falling due after more than one
year

7

(541,368

)

(549,265

)

PROVISIONS FOR LIABILITIES 9 (73,000 ) (60,000 )
NET ASSETS 650,351 664,625

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 532,291 481,291
Retained earnings 10 118,058 183,332
SHAREHOLDERS' FUNDS 650,351 664,625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Kimber Properties Limited (Registered number: 03818517)

Balance Sheet - continued
31 December 2021


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2022 and were signed by:





G J Supple - Director


Kimber Properties Limited (Registered number: 03818517)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Kimber 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amounts (excluding value added tax) derived from the provision of rental properties to customers during the year. Rental income for the use of premises are accounted for in the year in which the services are provided.

Investment property
Investment property is not depreciated but is revalued annually at its fair value in accordance with the Financial Reporting Standard 102 (Section 1A). Any aggregate surplus or deficit arising from changes in fair value are recognised in the profit and loss account and transferred to a fair value reserve.

Deferred tax
A provision is made at current rates for taxation deferred in respect of all timing differences, including provisions made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021 966,000
Revaluations 64,000
At 31 December 2021 1,030,000
NET BOOK VALUE
At 31 December 2021 1,030,000
At 31 December 2020 966,000

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2021 1,030,000

Kimber Properties Limited (Registered number: 03818517)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

2021 2020
£    £   
Cost 424,709 424,709
Aggregate depreciation (159,455 ) (151,061 )

Investment property was valued on a fair value basis on 31 December 2021 by the director .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Amounts owed by related undertakings 365,105 401,117
Director's loan account - 44,395
Prepayments 935 923
366,040 446,435

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 6,909 6,704
Other loans 2,407 -
Trade creditors 1,115 34
Social security and other taxes 920 1,171
Other creditors 1,950 1,900
Amounts owed to group undertakings 60,400 60,400
Director's loan account 9,507 -
Accrued expenses 51,480 76,480
134,688 146,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans 532,455 536,765
Other loans 8,913 12,500
541,368 549,265

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 539,364 543,469

Bank loans are secured on investment property.

Kimber Properties Limited (Registered number: 03818517)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 73,000 60,000

Deferred
tax
£   
Balance at 1 January 2021 60,000
Provided during year 13,000
Balance at 31 December 2021 73,000

The deferred tax provision relates to potential tax arising on investment property which has been revalued.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2021 183,332 481,291 664,623
Profit for the year 73,957 73,957
Dividends (88,231 ) (88,231 )
Revaluation adjustment (64,000 ) 64,000 -
Transfer deferred tax 13,000 (13,000 ) -
At 31 December 2021 118,058 532,291 650,349