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Logo On Report
Registered Number: 09919738
England and Wales

 

 

 

KIMBER PROPERTY HOLDINGS LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
Directors Adam Kimber
Anna Kimber
Registered Number 09919738
Registered Office 3 Paulson Close
Chandlers Ford Eastleigh
Southampton
Hampshire
SO53 1HR
Accountants JSR Management & HR Consultancy Services Ltd
1 The Bridgeway
Portsmouth Road, Woolston
Southampton
SO19 7PE
1
Accountants report
You consider that the company is exempt from an audit for the year ended 28 February 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.


JSR Management & HR Consultancy Services Ltd
1 The Bridgeway
Portsmouth Road, Woolston
Southampton
SO19 7PE
26 July 2023
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 3,690,849    3,690,899 
3,690,849    3,690,899 
Current assets      
Debtors: amounts falling due within one year 4 947   
Debtors: amounts falling due after one year 5 100    100 
Cash at bank and in hand 278,207    302,128 
279,254    302,228 
Creditors: amount falling due within one year 6 (22,238)   (20,209)
Net current assets 257,016    282,019 
 
Total assets less current liabilities 3,947,865    3,972,918 
Creditors: amount falling due after more than one year 7 (3,356,830)   (3,332,919)
Net assets 591,035    639,999 
 

Capital and reserves
     
Called up share capital 100    100 
Reserves 8 378,000    378,000 
Profit and loss account 212,935    261,899 
Shareholder's funds 591,035    639,999 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 26 July 2023 and were signed on its behalf by:


-------------------------------
Anna Kimber
Director
-------------------------------
Adam Kimber
Director
3
General Information
KIMBER PROPERTY HOLDINGS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09919738, registration address 3 Paulson Close, Chandlers Ford Eastleigh, Southampton, Hampshire, SO53 1HR.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors continue to support the business and have assessed whether the "going concern" basis of accounting is appropriate, considering all the available information about the future, which is at least, but not limited to, 12 months from the date of approval. At this time, the directors neither intend to liquidate the entity or to cease trading and therefore have prepared the Financial Statements on a "going concern" basis.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and any trade discounts applied.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0 Straight Line
Computer Equipment 4 Years Straight Line
Investment properties
Investment properties are included in the statement of financial position at their open market value at the statement of financial position date. The resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the statement of financial position to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Computer Equipment   Total
  £   £   £
At 01 March 2022 3,257,915    199    3,258,114 
Additions    
Disposals    
Revaluations 432,934      432,934 
At 28 February 2023 3,690,849    199    3,691,048 
Depreciation
At 01 March 2022   149    149 
Charge for year   50    50 
On disposals    
At 28 February 2023   199    199 
Net book values
Closing balance as at 28 February 2023 3,690,849      3,690,849 
Opening balance as at 01 March 2022 3,690,849    50    3,690,899 


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Prepayments & Accrued Income 947   
947   

5.

Debtors: amounts falling due after one year

2023
£
  2022
£
Called Up Share Capital Not Paid 100    100 
100    100 

6.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 2,208   
Bank Loans & Overdrafts 9,000   
Corporation Tax 10,106    20,209 
Other Creditors 924   
22,238    20,209 

7.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 1,512,500    1,512,500 
Bank Loans & Overdrafts 24,829    42,901 
Directors Loan Account - Anna Kimber 909,565    888,574 
Directors Loan Account - Adam Kimber 909,936    888,944 
3,356,830    3,332,919 

8.

Reserves

2023
£
  2022
£
Revaluation Reserve b/fwd 378,000    378,000 
378,000    378,000 

4