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REGISTERED NUMBER: 04503573 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 August 2023

for

Holt and Kennedy Properties Limited

Holt and Kennedy Properties Limited (Registered number: 04503573)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Holt and Kennedy Properties Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mrs F R Kennedy
A M Holt





REGISTERED OFFICE: 6 Westward View
Waterloo
Liverpool
Merseyside
L22 6RB





REGISTERED NUMBER: 04503573 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Holt and Kennedy Properties Limited (Registered number: 04503573)

Report of the Directors
for the Year Ended 31 August 2023

The directors present their report with the financial statements of the company for the year ended 31 August 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property rental.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2022 to the date of this report.

Mrs F R Kennedy
A M Holt

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs F R Kennedy - Director


8 November 2023

Holt and Kennedy Properties Limited (Registered number: 04503573)

Income Statement
for the Year Ended 31 August 2023

31.8.23 31.8.22
Notes £    £   

TURNOVER 36,602 39,315

Administrative expenses 7,025 15,208
OPERATING PROFIT and
PROFIT BEFORE TAXATION 29,577 24,107

Tax on profit 5,637 4,528
PROFIT FOR THE FINANCIAL YEAR 23,940 19,579

Holt and Kennedy Properties Limited (Registered number: 04503573)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 498,499 498,591

CURRENT ASSETS
Debtors 6 1,295 1,295
Prepayments and accrued income 1,227 1,019
Cash at bank 11,638 91,448
14,160 93,762
CREDITORS
Amounts falling due within one year 7 196,412 298,026
NET CURRENT LIABILITIES (182,252 ) (204,264 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,247

294,327

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 316,047 294,127
SHAREHOLDERS' FUNDS 316,247 294,327

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

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2023 and were signed on its behalf by:





Mrs F R Kennedy - Director


Holt and Kennedy Properties Limited (Registered number: 04503573)

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

1. STATUTORY INFORMATION

Holt and Kennedy 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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.8.23 31.8.22
£    £   
Depreciation - owned assets 92 122

Holt and Kennedy Properties Limited (Registered number: 04503573)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2022
and 31 August 2023 498,225 1,422 499,647
DEPRECIATION
At 1 September 2022 - 1,056 1,056
Charge for year - 92 92
At 31 August 2023 - 1,148 1,148
NET BOOK VALUE
At 31 August 2023 498,225 274 498,499
At 31 August 2022 498,225 366 498,591

Cost or valuation at 31 August 2023 is represented by:

Land and
buildings
£   
Valuation in 2017 (125,087 )
Valuation in 2019 9,000
Valuation in 2020 18,832
Valuation in 2021 (8,090 )
Cost 603,570
498,225

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.8.23 31.8.22
£    £   
Cost 642,730 642,730

Freehold land and buildings were valued on an open market basis on 31 August 2023 by Mrs F R Kennedy, Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 1,295 1,295

Holt and Kennedy Properties Limited (Registered number: 04503573)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Taxation and social security 5,637 4,528
Other creditors 190,775 293,498
196,412 298,026