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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
Page
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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
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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
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Kendall Bailey Acquisitions Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
701 
2,649 
Investment property
299,298 
297,350 
299,999 
299,999 
Current assets
Debtors
1,000 
1,000 
Cash at bank and in hand
2,004 
1,210 
3,004 
2,210 
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)
Net assets
73,138 
61,659 
Capital and reserves
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
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Kendall Bailey Acquisitions Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
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
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Kendall Bailey Acquisitions Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2022
7,283 
At 30 June 2023
7,283 
Depreciation
At 1 July 2022
4,634 
Charge for the year
1,948 
At 30 June 2023
6,582 
Net book value
At 30 June 2023
701 
At 30 June 2022
2,649 
5
Investment property
2023 
£ 
Fair value at 1 July 2022
297,350 
Net gain from fair value adjustments
1,948 
At 30 June 2023
299,298 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
1,000 
1,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
62,434 
63,481 
Loans from directors
7,142 
16,068 
Accruals
1,020 
1,541 
70,596 
81,090 
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.
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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).
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