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Company Registration No. 12716586 (England and Wales)
J&E Kemp Limited Unaudited accounts for the period from 3 July 2020 to 31 July 2021
J&E Kemp Limited Unaudited accounts Contents
Page
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J&E Kemp Limited Company Information for the period from 3 July 2020 to 31 July 2021
Director
Andrew Kemp
Secretary
Andrew Kemp
Company Number
12716586 (England and Wales)
Registered Office
Hollinberry Cottage Hollinberry Lane Sheffield S35 7EL
Accountants
Poppy Accounting Ltd 28 Fields End Oxspring S36 8WH
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J&E Kemp Limited Statement of financial position as at 31 July 2021
2021 
Notes
£ 
Fixed assets
Tangible assets
5,488 
Investment property
722,775 
728,263 
Current assets
Debtors
2,011 
Cash at bank and in hand
(15,822)
(13,811)
Creditors: amounts falling due within one year
(680)
Net current liabilities
(14,491)
Total assets less current liabilities
713,772 
Creditors: amounts falling due after more than one year
(813,826)
Net liabilities
(100,054)
Capital and reserves
Called up share capital
1 
Profit and loss account
(100,055)
Shareholders' funds
(100,054)
For the period ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 September 2022 and were signed on its behalf by
Andrew Kemp Director Company Registration No. 12716586
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J&E Kemp Limited Notes to the Accounts for the period from 3 July 2020 to 31 July 2021
1
Statutory information
J&E Kemp Limited is a private company, limited by shares, registered in England and Wales, registration number 12716586. The registered office is Hollinberry Cottage, Hollinberry Lane, Sheffield, S35 7EL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
4 to 5 years straight line
Computer equipment
3 years straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Going concern
The Director confirms the Company meets the going concern definition on the basis of the continued financial support from himself.
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J&E Kemp Limited Notes to the Accounts for the period from 3 July 2020 to 31 July 2021
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 3 July 2020
- 
- 
- 
Additions
2,105 
4,709 
6,814 
At 31 July 2021
2,105 
4,709 
6,814 
Depreciation
Charge for the period
313 
1,013 
1,326 
At 31 July 2021
313 
1,013 
1,326 
Net book value
At 31 July 2021
1,792 
3,696 
5,488 
5
Investment property
2021 
£ 
Additions
722,775 
At 31 July 2021
722,775 
6
Debtors: amounts falling due within one year
2021 
£ 
Trade debtors
517 
Other debtors
1,494 
2,011 
7
Creditors: amounts falling due within one year
2021 
£ 
Accruals
680 
8
Creditors: amounts falling due after more than one year
2021 
£ 
Bank loans
517,875 
Other creditors
41,420 
Loans from directors
254,531 
813,826 
Aggregate of amounts that fall due for payment after five years
559,295 
Included in creditors is debt of £517,875 secured on the investment properties. These repayments are on an interest only basis.
9
Average number of employees
During the period the average number of employees was 0.
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