KEMNAL INVESTMENTS LIMITED

Company Registration Number:
07389744 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

KEMNAL INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

KEMNAL INVESTMENTS LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Current assets
Debtors: 3 592,664 200,000
Total current assets: 592,664 200,000
Creditors: amounts falling due within one year: 4 (3,114,523) (3,114,523)
Net current assets (liabilities): (2,521,859) (2,914,523)
Total assets less current liabilities: (2,521,859) (2,914,523)
Total net assets (liabilities): (2,521,859) (2,914,523)
Capital and reserves
Called up share capital: 111 111
Profit and loss account: (2,521,970) (2,914,634)
Shareholders funds: (2,521,859) (2,914,523)

The notes form part of these financial statements

KEMNAL INVESTMENTS LIMITED

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 April 2024
and signed on behalf of the board by:

Name: A G Ebel
Status: Director

The notes form part of these financial statements

KEMNAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KEMNAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

KEMNAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Debtors

2023 2022
££
Debtors due after more than one year: 0 0

On 31 March 2018 the sole debtor (holding loan stock amounting to a sum of £3,085,002) advised the Company that it had entered into a compromise agreement with its principal secured creditor(s). As the Company was not part of this agreement the full implication of this on the amount recoverable by the Company was uncertain. On 5 October 2022 the Company served its claim against one of the principal secured creditor(s) of the sole debtor in respect of losses suffered. On 22 December 2023 the Company reached a settlement of its claim which has resulted in the Company receiving a net sum of £592,664 (after legal and associated costs of £467,336). Consequently the Directors feel it prudent to increase the carrying figure to the net sum received.

KEMNAL INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Creditors: amounts falling due within one year note

On 29 March 2024 the Company received notification from the vast majority of loanstock holders (99.57%) that they would waive and release the Company from any balance of its liability to loanstock holders over and above the net amount received from the settlement of its claim less expenses relating to the distribution to the loanstock holders and any future administration costs to be incurred by the Company.