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REGISTERED NUMBER: 01684655















Unaudited Financial Statements for the Year Ended 30 November 2022

for

Kennington Management Ltd

Kennington Management Ltd (Registered number: 01684655)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kennington Management Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTORS: Mrs V A Lee
S J Lee
Miss E J Lee
Ms R H Porter





REGISTERED OFFICE: Kennington Management Ltd
1417-1419
London Raod
London
SW16 4AH





REGISTERED NUMBER: 01684655





ACCOUNTANTS: Adrian & Co Limited
Chartered Certified Accountants
1417/1419
London Road
London
SW16 4AH

Kennington Management Ltd (Registered number: 01684655)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 18,999,736 18,999,736
Investments 5 1,682,310 1,682,310
20,682,046 20,682,046

CURRENT ASSETS
Debtors 6 117,185 115,021
Cash at bank 1,422,553 1,371,452
1,539,738 1,486,473
CREDITORS
Amounts falling due within one year 7 590,360 564,173
NET CURRENT ASSETS 949,378 922,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

21,631,424

21,604,346

CREDITORS
Amounts falling due after more than
one year

8

6,792,966

7,198,653
NET ASSETS 14,838,458 14,405,693

Kennington Management Ltd (Registered number: 01684655)

Balance Sheet - continued
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 9,796,883 9,796,883
Retained earnings 5,041,475 4,608,710
14,838,458 14,405,693

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

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 October 2023 and were signed on its behalf by:





S J Lee - Director


Kennington Management Ltd (Registered number: 01684655)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Kennington Management Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Kennington Management Ltd (Registered number: 01684655)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2021
and 30 November 2022 18,999,736 5,207 19,004,943
DEPRECIATION
At 1 December 2021
and 30 November 2022 - 5,207 5,207
NET BOOK VALUE
At 30 November 2022 18,999,736 - 18,999,736
At 30 November 2021 18,999,736 - 18,999,736

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2021
and 30 November 2022 1,682,310
NET BOOK VALUE
At 30 November 2022 1,682,310
At 30 November 2021 1,682,310

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Other debtors 117,185 115,021

Kennington Management Ltd (Registered number: 01684655)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Trade creditors 102,994 114,633
Taxation and social security 230,781 182,806
Rent deposits,advances & other
creditors 256,585 266,734
590,360 564,173

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans 894,702 944,579
Other creditors 5,898,264 6,254,074
6,792,966 7,198,653

9. RESERVES
Revaluation
reserve
£   
At 1 December 2021
and 30 November 2022 9,796,883