IRIS Accounts Production v23.1.5.20 13214893 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure132148932022-03-31132148932023-03-31132148932022-04-012023-03-31132148932021-02-21132148932021-02-222022-03-31132148932022-03-3113214893ns16:EnglandWales2022-04-012023-03-3113214893ns15:PoundSterling2022-04-012023-03-3113214893ns11:Director12022-04-012023-03-3113214893ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3113214893ns11:SmallEntities2022-04-012023-03-3113214893ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3113214893ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3113214893ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3113214893ns11:FullAccounts2022-04-012023-03-3113214893ns11:Director22022-04-012023-03-3113214893ns11:RegisteredOffice2022-04-012023-03-3113214893ns6:CurrentFinancialInstruments2023-03-3113214893ns6:CurrentFinancialInstruments2022-03-3113214893ns6:Non-currentFinancialInstruments2023-03-3113214893ns6:Non-currentFinancialInstruments2022-03-3113214893ns6:ShareCapital2023-03-3113214893ns6:ShareCapital2022-03-3113214893ns6:RetainedEarningsAccumulatedLosses2023-03-3113214893ns6:RetainedEarningsAccumulatedLosses2022-03-3113214893ns6:LongLeaseholdAssetsns6:LandBuildings2022-04-012023-03-3113214893ns6:FurnitureFittings2022-04-012023-03-3113214893ns6:ComputerEquipment2022-04-012023-03-3113214893ns6:LongLeaseholdAssetsns6:LandBuildings2022-03-3113214893ns6:FurnitureFittings2022-03-3113214893ns6:ComputerEquipment2022-03-3113214893ns6:LongLeaseholdAssetsns6:LandBuildings2023-03-3113214893ns6:FurnitureFittings2023-03-3113214893ns6:ComputerEquipment2023-03-3113214893ns6:LongLeaseholdAssetsns6:LandBuildings2022-03-3113214893ns6:FurnitureFittings2022-03-3113214893ns6:ComputerEquipment2022-03-3113214893ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-03-3113214893ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-03-3113214893ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2023-03-3113214893ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-03-3113214893ns6:Secured2023-03-3113214893ns6:Secured2022-03-3113214893ns6:AcceleratedTaxDepreciationDeferredTax2023-03-3113214893ns6:AcceleratedTaxDepreciationDeferredTax2022-03-3113214893ns6:DeferredTaxation2022-03-3113214893ns6:DeferredTaxation2023-03-31
REGISTERED NUMBER: 13214893 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Kingston Park Properties Limited

Kingston Park Properties Limited (Registered number: 13214893)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kingston Park Properties Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: P M Bond
Dr G M Arbuckle





REGISTERED OFFICE: 3-5 Grange Terrace
Stockton Road
Sunderland
Tyne And Wear
SR2 7DG





REGISTERED NUMBER: 13214893 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Kingston Park Properties Limited (Registered number: 13214893)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 379,608 379,179

CURRENT ASSETS
Debtors 5 1,951 1,474
Cash at bank 2,705 6,164
4,656 7,638
CREDITORS
Amounts falling due within one year 6 231,223 257,693
NET CURRENT LIABILITIES (226,567 ) (250,055 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

153,041

129,124

CREDITORS
Amounts falling due after more than one
year

7

(131,264

)

(116,652

)

PROVISIONS FOR LIABILITIES 9 (260 ) (179 )
NET ASSETS 21,517 12,293

CAPITAL AND RESERVES
Called up share capital 22 22
Retained earnings 21,495 12,271
SHAREHOLDERS' FUNDS 21,517 12,293

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 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.

Kingston Park Properties Limited (Registered number: 13214893)

Statement of Financial Position - 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 October 2023 and were signed on its behalf by:





P M Bond - Director


Kingston Park Properties Limited (Registered number: 13214893)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Kingston Park 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 have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Income
Income represents gross rents received in the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% Straight line

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

Kingston Park Properties Limited (Registered number: 13214893)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 378,239 - 967 379,206
Additions - 745 - 745
At 31 March 2023 378,239 745 967 379,951
DEPRECIATION
At 1 April 2022 - - 27 27
Charge for year - 6 310 316
At 31 March 2023 - 6 337 343
NET BOOK VALUE
At 31 March 2023 378,239 739 630 379,608
At 31 March 2022 378,239 - 940 379,179

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 1,951 1,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,208 5,040
Tax 2,030 2,690
Directors' current accounts 221,345 247,523
Accrued expenses 2,640 2,440
231,223 257,693

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 20,832 20,160
Bank loans more 5 yr by instal 40,432 46,492
Amounts owed to participating interests 70,000 50,000
131,264 116,652

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 40,432 46,492

Kingston Park Properties Limited (Registered number: 13214893)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 66,472 71,692

The bank loan is secured over the property to which it relates.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 260 179

Deferred
tax
£   
Balance at 1 April 2022 179
Change in accelerated capital
allowances 81
Balance at 31 March 2023 260