Company registration number 09459624 (England and Wales)
KEM11 Holdings Limited
Unaudited
financial statements
for the year ended 31 October 2023
PAGES FOR FILING WITH REGISTRAR
KEM11 Holdings Limited
Contents
Page
Statement of financial position
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 5
KEM11 Holdings Limited
Statement of financial position
as at 31 October 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
665,120
383,194
Current assets
Cash at bank and in hand
154,452
210,552
Creditors: amounts falling due within one year
4
(206,131)
(104,028)
Net current (liabilities)/assets
(51,679)
106,524
Total assets less current liabilities
613,441
489,718
Creditors: amounts falling due after more than one year
5
(266,980)
(173,250)
Provisions for liabilities
(29,568)
-
0
Net assets
316,893
316,468
Capital and reserves
Called up share capital
300
300
Revaluation reserve
126,054
-
0
Profit and loss reserves
190,539
316,168
Total equity
316,893
316,468

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

KEM11 Holdings Limited
Statement of financial position (continued)
as at 31 October 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 16 April 2024 and are signed on its behalf by:
L Mitchell
Director
Company registration number 09459624 (England and Wales)
KEM11 Holdings Limited
Statement Of Changes In Equity
for the year ended 31 October 2023
- 3 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 November 2021
300
-
0
475,002
475,302
Year ended 31 October 2022:
Loss and total comprehensive income
-
-
(86,834)
(86,834)
Dividends
-
-
(72,000)
(72,000)
Balance at 31 October 2022
300
-
0
316,168
316,468
Year ended 31 October 2023:
Loss and total comprehensive income
-
-
(53,629)
(53,629)
Dividends
-
-
(72,000)
(72,000)
Other movements
-
126,054
-
126,054
Balance at 31 October 2023
300
126,054
190,539
316,893
KEM11 Holdings Limited
Notes to the financial statements
for the year ended 31 October 2023
- 4 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration received services provided in the normal course of business. Turnover is recognised on an accruals basis.

Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the income statement.

 

The properties are included in the accounts at costs as in the opinion of the directors these represent the fair value of the properties.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Investment property
2023
£
Cost
At 1 November 2022
383,194
Additions
126,304
Revaluations
155,622
At 31 October 2023
665,120
KEM11 Holdings Limited
Notes to the financial statements (continued)
for the year ended 31 October 2023
- 5 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
205,171
103,068
Accruals and deferred income
960
960
206,131
104,028
5
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Other borrowings
266,980
173,250
6
Company information

KEM11 Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Sapling Grove, Scarr Bottom Road, Halifax, West Yorkshire, HX2 7DZ.

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