0 22 November 2023 false false false false false false false false false false true false false false false false false No description of principal activity 2022-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,602 311 1,291 1,602 1,291 xbrli:pure xbrli:shares iso4217:GBP 09100773 2022-01-01 2022-12-30 09100773 2022-12-30 09100773 2021-12-31 09100773 2021-01-01 2021-12-31 09100773 2021-12-31 09100773 2020-12-31 09100773 core:PlantMachinery 2022-01-01 2022-12-30 09100773 bus:Director1 2022-01-01 2022-12-30 09100773 core:PlantMachinery 2021-12-31 09100773 core:PlantMachinery 2022-12-30 09100773 core:WithinOneYear 2022-12-30 09100773 core:WithinOneYear 2021-12-31 09100773 core:AfterOneYear 2022-12-30 09100773 core:AfterOneYear 2021-12-31 09100773 core:ShareCapital 2022-12-30 09100773 core:ShareCapital 2021-12-31 09100773 core:RetainedEarningsAccumulatedLosses 2022-12-30 09100773 core:RetainedEarningsAccumulatedLosses 2021-12-31 09100773 core:PlantMachinery 2021-12-31 09100773 bus:SmallEntities 2022-01-01 2022-12-30 09100773 bus:Audited 2022-01-01 2022-12-30 09100773 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-30 09100773 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-30 09100773 bus:FullAccounts 2022-01-01 2022-12-30
COMPANY REGISTRATION NUMBER: 09100773
KELHAM CENTRAL LTD
FILLETED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30 December 2022
KELHAM CENTRAL LTD
STATEMENT OF FINANCIAL POSITION
30 December 2022
30 Dec 22
31 Dec 21
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
1,291
CURRENT ASSETS
Stocks
15,681,535
7,462,253
Debtors
6
381,723
536,475
Cash at bank and in hand
35,096
200,708
-------------
------------
16,098,354
8,199,436
CREDITORS: amounts falling due within one year
7
( 1,881,106)
( 3,030,586)
-------------
------------
NET CURRENT ASSETS
14,217,248
5,168,850
-------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
14,217,248
5,170,141
CREDITORS: amounts falling due after more than one year
8
( 12,100,777)
( 5,153,297)
PROVISIONS
( 245)
( 245)
-------------
------------
NET ASSETS
2,116,226
16,599
-------------
------------
CAPITAL AND RESERVES
Called up share capital
150
150
Profit and loss account
2,116,076
16,449
------------
--------
SHAREHOLDERS FUNDS
2,116,226
16,599
------------
--------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
KELHAM CENTRAL LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 December 2022
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
C A Thompson
Director
Company registration number: 09100773
KELHAM CENTRAL LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2022 TO 30 DECEMBER 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Place, 4 Central Place, Clarence Road, Climate Innovation District, Leeds, LS10 1FB, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of development properties sold, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. TAX ON PROFIT/(LOSS)
Major components of tax expense
Period from
1 Jan 22 to
Year to
30 Dec 22
31 Dec 21
£
£
Deferred tax:
Origination and reversal of timing differences
245
----
----
Tax on profit/(loss)
245
----
----
5. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 January 2022 and 30 December 2022
1,602
-------
Depreciation
At 1 January 2022
311
Charge for the period
1,291
-------
At 30 December 2022
1,602
-------
Carrying amount
At 30 December 2022
-------
At 31 December 2021
1,291
-------
6. DEBTORS
30 Dec 22
31 Dec 21
£
£
Trade debtors
65,975
395,470
Amounts owed by group undertakings and undertakings in which the company has a participating interest
12,000
Other debtors
303,748
141,005
---------
---------
381,723
536,475
---------
---------
7. CREDITORS: amounts falling due within one year
30 Dec 22
31 Dec 21
£
£
Trade creditors
861,169
421,719
Amounts owed to group undertakings and undertakings in which the company has a participating interest
714,108
2,321,693
Social security and other taxes
66,755
87,171
Other creditors
239,074
200,003
------------
------------
1,881,106
3,030,586
------------
------------
8. CREDITORS: amounts falling due after more than one year
30 Dec 22
31 Dec 21
£
£
Bank loans and overdrafts
12,100,777
5,153,297
-------------
------------
9. SUMMARY AUDIT OPINION
The auditor's report dated 22 November 2023 was unqualified .
The senior statutory auditor was JEFFREY WINE , for and on behalf of Wine & Co .
10. CONTROLLING PARTY
The ultimate parent of the company is Citu Group Ltd. The registered office of the parent company is The Place, 4 Central Place, Clarence Road, Climate Innovation District, Leeds, England, LS10 1FB.