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REGISTERED NUMBER: 05388303 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2022

for

Kinch Accommodation Limited

Kinch Accommodation Limited (Registered number: 05388303)






Contents of the Financial Statements
for the Year Ended 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Kinch Accommodation Limited

Company Information
for the Year Ended 31 March 2022







DIRECTORS: Mr S F Kinch
Mrs S J Kinch





SECRETARY: Mrs M B Kinch





REGISTERED OFFICE: Unit 5
The Quays
Burton Water
Lincoln
Lincolnshire
LN1 2XG





REGISTERED NUMBER: 05388303 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Kinch Accommodation Limited (Registered number: 05388303)

Balance Sheet
31 March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,265 8,540
Investments 5 254,218 254,218
Investment property 6 1,040,000 936,486
1,345,483 1,199,244

CURRENT ASSETS
Debtors 7 319,306 81,194
Cash at bank 33,032 24,082
352,338 105,276
CREDITORS
Amounts falling due within one year 8 326,990 239,267
NET CURRENT ASSETS/(LIABILITIES) 25,348 (133,991 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,370,831 1,065,253

CREDITORS
Amounts falling due after more than one year 9 (538,469 ) (562,126 )

PROVISIONS FOR LIABILITIES (32,171 ) (14,247 )
NET ASSETS 800,191 488,880

CAPITAL AND RESERVES
Called up share capital 100 1
Fair value reserve 11 137,664 53,817
Retained earnings 662,427 435,062
SHAREHOLDERS' FUNDS 800,191 488,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

Kinch Accommodation Limited (Registered number: 05388303)

Balance Sheet - continued
31 March 2022


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 30 August 2022 and were signed on its behalf by:





Mr S F Kinch - Director


Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements
for the Year Ended 31 March 2022

1. STATUTORY INFORMATION

Kinch Accommodation 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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 1 (2021 - 1 ) .

Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2021 - 8,800 - 8,800
Additions 41,900 10,000 1,977 53,877
Disposals - (8,800 ) - (8,800 )
At 31 March 2022 41,900 10,000 1,977 53,877
DEPRECIATION
At 1 April 2021 - 260 - 260
Charge for year 712 1,836 64 2,612
Eliminated on disposal - (260 ) - (260 )
At 31 March 2022 712 1,836 64 2,612
NET BOOK VALUE
At 31 March 2022 41,188 8,164 1,913 51,265
At 31 March 2021 - 8,540 - 8,540

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2021
and 31 March 2022 254,218
NET BOOK VALUE
At 31 March 2022 254,218
At 31 March 2021 254,218

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2021 936,486
Revaluations 103,514
At 31 March 2022 1,040,000
NET BOOK VALUE
At 31 March 2022 1,040,000
At 31 March 2021 936,486

Fair value at 31 March 2022 is represented by:
£   
Valuation in 2021 66,441
Valuation in 2022 103,515
Cost 870,044
1,040,000

Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

6. INVESTMENT PROPERTY - continued

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

2022 2021
£    £   
Cost 870,044 870,044

Investment property was valued on an open market basis on 31 March 2022 by Mr S Kinch .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 5,682 1,906
Other debtors 313,624 79,288
319,306 81,194

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 25,240 22,937
Trade creditors - 733
Taxation and social security 3,526 -
Other creditors 298,224 215,597
326,990 239,267

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 538,469 562,126

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than five years repayable by
instalments

437,699

457,049

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 520,869 535,063

Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022

11. RESERVES
Fair
value
reserve
£   
At 1 April 2021 53,817
Revaluation 103,515
Deferred tax transfer (19,668 )

At 31 March 2022 137,664

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kinch Accommodation Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kinch Accommodation Limited for the year ended 31 March 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kinch Accommodation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kinch Accommodation Limited and state those matters that we have agreed to state to the Board of Directors of Kinch Accommodation Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinch Accommodation Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kinch Accommodation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kinch Accommodation Limited. You consider that Kinch Accommodation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kinch Accommodation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................