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REGISTERED NUMBER: 04700727 (England and Wales)















Financial Statements for the Year Ended 31 March 2023

for

Kingsdale UK Limited

Kingsdale UK Limited (Registered number: 04700727)






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


Kingsdale UK Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: W Butchart





SECRETARY: S Davies





REGISTERED OFFICE: Kings House
Greystoke Business Centre
High Street
Portishead
Bristol
BS20 6PY





REGISTERED NUMBER: 04700727 (England and Wales)





AUDITORS: Moore
Chartered Accountants and Statutory Auditor
6th Floor
Whitefriars
Lewins Mead
Bristol
BS1 2NT

Kingsdale UK Limited (Registered number: 04700727)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 735,123 735,123

CURRENT ASSETS
Debtors 5 510,448 508,145
Cash at bank 305,817 267,504
816,265 775,649
CREDITORS
Amounts falling due within one year 6 941,190 722,228
NET CURRENT (LIABILITIES)/ASSETS (124,925 ) 53,421
TOTAL ASSETS LESS CURRENT LIABILITIES 610,198 788,544

CREDITORS
Amounts falling due after more than
one year

7

377,006

542,077
NET ASSETS 233,192 246,467

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 9 200 200
Retained earnings 9 232,892 246,167
SHAREHOLDERS' FUNDS 233,192 246,467

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 director and authorised for issue on 20 December 2023 and were signed by:





W Butchart - Director


Kingsdale UK Limited (Registered number: 04700727)

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

1. STATUTORY INFORMATION

Kingsdale UK 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.

Going Concern
At the balance sheet date, the company had net current liabilities of £125k and net assets of £233k. The net current liabilities position at the year end is mainly due to a balance owing to Kingsdale Group Limited. The ultimate controlling party of both companies is the director, W Butchart. Consequently although the loan is technically repayable on demand, the director of the related entity has confirmed that repayment will not be sought until the company is in a position to do so.

The director has further considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The director believes budgeted income and expenditure and the level of reserves held are sufficient for the company to be able to continue as a going concern.The company therefore continues to adopt the going concern basis in preparing its financial statements.

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.

Freehold Land - not provided

Freehold Property - 2% 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.


Kingsdale UK Limited (Registered number: 04700727)

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

2. ACCOUNTING POLICIES - continued
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 NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 April 2022
and 31 March 2023 735,123
NET BOOK VALUE
At 31 March 2023 735,123
At 31 March 2022 735,123

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 49,699 47,396
Other debtors 460,749 460,749
510,448 508,145

Kingsdale UK Limited (Registered number: 04700727)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 26,799 25,879
Trade creditors 11,325 -
Taxation and social security 17,995 17,443
Other creditors 885,071 678,906
941,190 722,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 377,006 403,059
Other creditors - 139,018
377,006 542,077

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 403,805 428,938
Other loans 141,222 150,465
545,027 579,403

The above loans are secured by a debenture and First Legal Charges over the properties held by the company.

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 246,167 200 246,367
Profit for the year 8,725 - 8,725
Dividends (22,000 ) - (22,000 )
At 31 March 2023 232,892 200 233,092

Kingsdale UK Limited (Registered number: 04700727)

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

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Powell (Senior Statutory Auditor)
for and on behalf of Moore