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REGISTERED NUMBER: 05380782 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

KENSINGTON FLATS LIMITED

KENSINGTON FLATS LIMITED (REGISTERED NUMBER: 05380782)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KENSINGTON FLATS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTOR: Mr R A Macdonald





REGISTERED OFFICE: 15 Princeton Court
53-55 Felsham Road
Putney
London
SW15 1AZ





REGISTERED NUMBER: 05380782 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

KENSINGTON FLATS LIMITED (REGISTERED NUMBER: 05380782)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 87,000 108,750
Tangible assets 5 4,053 3,323
91,053 112,073

CURRENT ASSETS
Debtors 14,779 34,952
Cash at bank 161,369 146,550
176,148 181,502
CREDITORS
Amounts falling due within one year 73,400 82,356
NET CURRENT ASSETS 102,748 99,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

193,801

211,219

CREDITORS
Amounts falling due after more than one
year

63,490

95,654
NET ASSETS 130,311 115,565

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 125,311 110,565
130,311 115,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

KENSINGTON FLATS LIMITED (REGISTERED NUMBER: 05380782)

ABRIDGED BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2023 and were signed by:





Mr R A Macdonald - Director


KENSINGTON FLATS LIMITED (REGISTERED NUMBER: 05380782)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Kensington Flats 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill recognised at acquisition is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis over its useful life, which is estimated to be ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Government grants, including non-monetary grants shall not be recognised until there is reasonable assurance that:
(a) the entity will comply with the conditions attaching to them; and
(b) the grants will be received.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KENSINGTON FLATS LIMITED (REGISTERED NUMBER: 05380782)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022
and 31 March 2023 217,500
AMORTISATION
At 1 April 2022 108,750
Amortisation for year 21,750
At 31 March 2023 130,500
NET BOOK VALUE

At 31 March 2023 87,000
At 31 March 2022 108,750

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 7,495
Additions 2,080
At 31 March 2023 9,575
DEPRECIATION
At 1 April 2022 4,172
Charge for year 1,350
At 31 March 2023 5,522
NET BOOK VALUE
At 31 March 2023 4,053
At 31 March 2022 3,323

6. RELATED PARTY DISCLOSURES

At the previous balance sheet date the company owed £23,560 to the director.