0 false false false false false false false false false false true false false false false false true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 6,187 2,547 195,000 195,000 195,000 xbrli:pure xbrli:shares iso4217:GBP 09225240 2023-01-01 2023-12-31 09225240 2023-12-31 09225240 2022-12-31 09225240 2022-01-01 2022-12-31 09225240 2022-12-31 09225240 2021-12-31 09225240 bus:RegisteredOffice 2023-01-01 2023-12-31 09225240 bus:LeadAgentIfApplicable 2023-01-01 2023-12-31 09225240 bus:Director5 2023-01-01 2023-12-31 09225240 bus:Director6 2023-01-01 2023-12-31 09225240 bus:CompanySecretary1 2023-01-01 2023-12-31 09225240 bus:Director4 2023-01-01 2023-12-31 09225240 bus:Director6 2023-12-31 09225240 bus:Director4 2023-12-31 09225240 core:WithinOneYear 2023-12-31 09225240 core:WithinOneYear 2022-12-31 09225240 core:AfterOneYear 2023-12-31 09225240 core:AfterOneYear 2022-12-31 09225240 core:RetainedEarningsAccumulatedLosses 2022-12-31 09225240 core:RetainedEarningsAccumulatedLosses 2021-12-31 09225240 core:RetainedEarningsAccumulatedLosses 2023-12-31 09225240 core:RetainedEarningsAccumulatedLosses 2022-12-31 09225240 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-31 09225240 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 09225240 bus:SmallEntities 2023-01-01 2023-12-31 09225240 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09225240 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09225240 bus:CompanyLimitedByGuarantee 2023-01-01 2023-12-31 09225240 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 09225240
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2023
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2023
Contents
Page
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
6
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
9
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Officers and Professional Advisers
The board of directors
Mr J M Dowd
Mr D J Cooke
Company secretary
Mr A Barnes
Registered office
Flat 7
Kensington Court
Bare Lane
Morecambe
LA4 6DH
Accountants
CWR
Chartered accountants
20 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SW
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Directors' Report
Year ended 31 December 2023
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2023 .
Directors
The directors who served the company during the year were as follows:
Mr J M Dowd
Mr D J Cooke
(Appointed 26 January 2023)
Mr A Barnes
(Resigned 31 December 2023)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 7 February 2024 and signed on behalf of the board by:
Mr J M Dowd
Mr D J Cooke
Director
Director
Registered office:
Flat 7
Kensington Court
Bare Lane
Morecambe
LA4 6DH
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Statement of Income and Retained Earnings
Year ended 31 December 2023
2023
2022
Note
£
£
Turnover
13,482
13,122
--------
--------
Gross profit
13,482
13,122
Administrative expenses
7,295
10,575
--------
--------
Operating profit
6,187
2,547
--------
--------
Profit before taxation
6,187
2,547
Tax on profit
-------
-------
Profit for the financial year and total comprehensive income
6,187
2,547
-------
-------
Retained earnings at the start of the year
24,683
22,136
--------
--------
Retained earnings at the end of the year
30,870
24,683
--------
--------
All the activities of the company are from continuing operations.
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
195,000
195,000
Current assets
Debtors
6
1,340
1,309
Cash at bank and in hand
30,033
23,756
--------
--------
31,373
25,065
Creditors: amounts falling due within one year
7
503
382
--------
--------
Net current assets
30,870
24,683
---------
---------
Total assets less current liabilities
225,870
219,683
Creditors: amounts falling due after more than one year
8
195,000
195,000
---------
---------
Net assets
30,870
24,683
---------
---------
Capital and reserves
Profit and loss account
30,870
24,683
--------
--------
Members funds
30,870
24,683
--------
--------
These financial statements have been prepared 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'.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 7 February 2024 , and are signed on behalf of the board by:
Mr J M Dowd
Mr D J Cooke
Director
Director
Company registration number: 09225240
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is Flat 7, Kensington Court, Bare Lane, Morecambe, LA4 6DH.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
4. Company limited by guarantee
The company is limited by guarantee whereby, in the event of the company being wound, up each member guarantees to pay £1.
5. Tangible assets
Freehold property
£
Cost
At 1 January 2023 and 31 December 2023
195,000
---------
Depreciation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
195,000
---------
At 31 December 2022
195,000
---------
6. Debtors
2023
2022
£
£
Prepayments and accrued income
1,340
1,309
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
503
382
----
----
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Members loan accounts
195,000
195,000
---------
---------
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Management Information
Year ended 31 December 2023
The following pages do not form part of the financial statements.
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Kensington Court Bare Freehold Limited
Year ended 31 December 2023
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2023, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CWR Chartered accountants
20 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SW
2 February 2024