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REGISTERED NUMBER: 03075043 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2023

for

KEMP TOWN ENCLOSURES LIMITED

KEMP TOWN ENCLOSURES LIMITED (REGISTERED NUMBER: 03075043)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

KEMP TOWN ENCLOSURES LIMITED

Company Information
for the Year Ended 31 March 2023







DIRECTORS: M Evans
L O Graubart
A J Catron
J P Mawby
M J Bedingfield
H Rush





REGISTERED OFFICE: 74 Preston Drove
Brighton
BN1 6LB





REGISTERED NUMBER: 03075043 (England and Wales)





ACCOUNTANTS: Chambers & Co Accountants LLP
2 Church Street
Brighton
East Sussex
BN1 1UJ

KEMP TOWN ENCLOSURES LIMITED (REGISTERED NUMBER: 03075043)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,896 14,471

CURRENT ASSETS
Debtors 5 1,630 200
Cash at bank 69,394 140,792
71,024 140,992
CREDITORS
Amounts falling due within one year 6 3,771 76,008
NET CURRENT ASSETS 67,253 64,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

79,149

79,455

MEMBERS' FUNDS
Railings reserve fund 7 10,000 -
Income and expenditure account 7 69,149 79,455
79,149 79,455

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 surplus or deficit 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 4 November 2023 and were signed on its behalf by:





H Rush - Director


KEMP TOWN ENCLOSURES LIMITED (REGISTERED NUMBER: 03075043)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Kemp Town Enclosures Limited is a private company, limited by guarantee , 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.

Operating income
Operating income includes ordinary annual rates charged, incidental charges made for use of the garden and donations received. Where garden rates remain uncollected for more than two years full provision is made against the unpaid amount.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 8,570 19,089 22,063 49,722
DEPRECIATION
At 1 April 2022 - 18,363 16,888 35,251
Charge for year - 343 2,232 2,575
At 31 March 2023 - 18,706 19,120 37,826
NET BOOK VALUE
At 31 March 2023 8,570 383 2,943 11,896
At 31 March 2022 8,570 726 5,175 14,471

Freehold property represents the purchase cost of land only and is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Garden rates receivable 1,630 200

KEMP TOWN ENCLOSURES LIMITED (REGISTERED NUMBER: 03075043)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Garden rates received in advance - 70,870
Tax 66 39
Social security and other taxes 1,030 1,242
Other creditors 754 1,746
Accrued expenses 1,921 2,111
3,771 76,008

7. MEMBERS' FUNDS
Income
and Railings
expenditure reserve
account fund Totals
£    £    £   

At 1 April 2022 79,455 - 79,455
Deficit for the year (306 ) (306 )
Transfer to/(from) reserve (10,000 ) 10,000 -
At 31 March 2023 69,149 10,000 79,149

8. MEMBERS

The company is a private company limited by guarantee and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of the company in the event of liquidation.

The members are the owners of the freeholds detailed in the Memorandum and Articles of Association.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kemp Town Enclosures Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kemp Town Enclosures Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kemp Town Enclosures Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kemp Town Enclosures Limited and state those matters that we have agreed to state to the Board of Directors of Kemp Town Enclosures Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kemp Town Enclosures Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kemp Town Enclosures Limited. You consider that Kemp Town Enclosures Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kemp Town Enclosures Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Chambers & Co Accountants LLP
2 Church Street
Brighton
East Sussex
BN1 1UJ


Date: .............................................