Company Registration No. 12049539 (England and Wales)
Kendall Bailey Acquisitions Ltd
Unaudited accounts
for the year ended 30 June 2023
Kendall Bailey Acquisitions Ltd
Unaudited accounts
Contents
Kendall Bailey Acquisitions Ltd
Company Information
for the year ended 30 June 2023
Director
Katrina Louise Jones
Company Number
12049539 (England and Wales)
Registered Office
First Floor
85 Great Portland Street
London
W1W 7LT
England
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Kendall Bailey Acquisitions Ltd
Accountants' report
Accountants' report to the director of Kendall Bailey Acquisitions Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Kendall Bailey Acquisitions Ltd for the year ended
30 June 2023 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kendall Bailey Acquisitions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kendall Bailey Acquisitions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kendall Bailey Acquisitions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kendall Bailey Acquisitions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kendall Bailey Acquisitions Ltd. You consider that Kendall Bailey Acquisitions Ltd 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 accounts of Kendall Bailey Acquisitions Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
17 November 2023
Kendall Bailey Acquisitions Ltd
Statement of financial position
as at 30 June 2023
Investment property
299,298
297,350
Cash at bank and in hand
2,004
1,210
Creditors: amounts falling due within one year
(70,596)
(81,090)
Net current liabilities
(67,592)
(78,880)
Total assets less current liabilities
232,407
221,119
Creditors: amounts falling due after more than one year
(159,269)
(159,460)
Called up share capital
1
1
Revaluation reserve
74,666
72,718
Profit and loss account
(1,529)
(11,060)
Shareholders' funds
73,138
61,659
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 November 2023 and were signed on its behalf by
Katrina Louise Jones
Director
Company Registration No. 12049539
Kendall Bailey Acquisitions Ltd
Notes to the Accounts
for the year ended 30 June 2023
Kendall Bailey Acquisitions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12049539. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Kendall Bailey Acquisitions Ltd
Notes to the Accounts
for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 July 2022
297,350
Net gain from fair value adjustments
1,948
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Other creditors
62,434
63,481
Loans from directors
7,142
16,068
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
159,269
159,460
Aggregate of amounts that fall due for payment after five years
149,626
149,626
In November 2020, the company received a Bounce Back Loan of £10,000, which is a 100% UK Government backed loan.
Under the terms of the loan, the fees and interest incurred in the first 12 months are settled on behalf of the company by the UK Government.
After the first 12 months, an interest rate of 2.5% is applicable.
The initial length of the loan is for six years, with an option to extend to ten years under the Bounce Back Loan Scheme.
Kendall Bailey Acquisitions Ltd
Notes to the Accounts
for the year ended 30 June 2023
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).