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REGISTERED NUMBER: 07905892 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Kendal House Properties Limited

Kendal House Properties Limited (Registered number: 07905892)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kendal House Properties Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: L J Maddison
J A Maddison





REGISTERED OFFICE: 7 Brenkley Way
Blezard Business Park
Seaton Burn
NE13 6DS





REGISTERED NUMBER: 07905892 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Kendal House Properties Limited (Registered number: 07905892)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,038,511 11,034,689

CURRENT ASSETS
Debtors 5 190,323 201,396
Cash at bank 13,109 115,773
203,432 317,169
CREDITORS
Amounts falling due within one year 6 454,534 5,275,309
NET CURRENT LIABILITIES (251,102 ) (4,958,140 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,787,409

6,076,549

CREDITORS
Amounts falling due after more than
one year

7

4,600,284

-
NET ASSETS 6,187,125 6,076,549

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 5,620,302 5,620,302
Retained earnings 566,723 456,147
SHAREHOLDERS' FUNDS 6,187,125 6,076,549

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Kendal House Properties Limited (Registered number: 07905892)

Balance Sheet - continued
28 February 2023


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 27 November 2023 and were signed on its behalf by:





L J Maddison - Director


Kendal House Properties Limited (Registered number: 07905892)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Kendal House 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.

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.
Plant and machinery - 20% on cost
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 25% on cost

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 - 3 ) .

Kendal House Properties Limited (Registered number: 07905892)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Freehold Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 March 2022 10,887,226 7,913 51,866 162,989 11,109,994
Additions 23,936 - 29,053 - 52,989
At 28 February 2023 10,911,162 7,913 80,919 162,989 11,162,983
DEPRECIATION
At 1 March 2022 - 7,912 48,394 18,999 75,305
Charge for year - - 8,420 40,747 49,167
At 28 February 2023 - 7,912 56,814 59,746 124,472
NET BOOK VALUE
At 28 February 2023 10,911,162 1 24,105 103,243 11,038,511
At 28 February 2022 10,887,226 1 3,472 143,990 11,034,689

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by group undertakings 138,132 201,396
Other debtors 33,558 -
Tax 18,633 -
190,323 201,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 142,976 4,746,789
Hire purchase contracts 13,635 129,991
Tax - 23,366
Other creditors 250,000 15,612
Directors' loan accounts 46,723 358,351
Accruals and deferred income 1,200 1,200
454,534 5,275,309

Kendal House Properties Limited (Registered number: 07905892)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 144,509 -
Bank loans - 2-5 years 435,007 -
Bank loans more 5 yr by instal 3,918,048 -
Hire purchase contracts 102,720 -
4,600,284 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,918,048 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 March 2022
and 28 February 2023 5,620,302