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REGISTERED NUMBER: 03491030 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Kempston Properties Ltd

Kempston Properties Ltd (Registered number: 03491030)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Kempston Properties Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr B P Homent
Mrs S A Homent





SECRETARY: Mrs S A Homent





REGISTERED OFFICE: 28 Barley Road
Great Chishill
Royston
Hertfordshire
SG8 8SB





REGISTERED NUMBER: 03491030 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Kempston Properties Ltd (Registered number: 03491030)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 3,535,778 3,537,663

CURRENT ASSETS
Debtors 13,410 14,070
Cash at bank 79,830 109,074
93,240 123,144
CREDITORS
Amounts falling due within one year 269,446 231,625
NET CURRENT LIABILITIES (176,206 ) (108,481 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,359,572

3,429,182

CREDITORS
Amounts falling due after more than one
year

(1,246,828

)

(1,500,709

)

PROVISIONS FOR LIABILITIES (752 ) (714 )
NET ASSETS 2,111,992 1,927,759

CAPITAL AND RESERVES
Called up share capital 5 1,000 1,000
Undistributable reserves 476,800 476,800
Retained earnings 1,634,192 1,449,959
SHAREHOLDERS' FUNDS 2,111,992 1,927,759

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Kempston Properties Ltd (Registered number: 03491030)

Abridged Balance Sheet - continued
31 December 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





Mr B P Homent - Director


Kempston Properties Ltd (Registered number: 03491030)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Kempston Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis. The Directors consider this basis to be appropriate despite the fact that the balance sheet shows net current liabilities at 31 December 2021. The company is generating sufficient cash flows on a weekly basis together with the support of its bank to meet its current liabilities.

Should the company be unable to continue trading, adjustments would have to be made to adjust the value of assets to their recoverable amount, to provide for any further liabilities which might arise.

Turnover
Turnover represents accrued rents and service charges receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment propertyNot depreciated
Improvements to property4% on cost
Plant & machinery20% reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 3,574,199
DEPRECIATION
At 1 January 2023 36,536
Charge for year 1,885
At 31 December 2023 38,421
NET BOOK VALUE
At 31 December 2023 3,535,778
At 31 December 2022 3,537,663

Kempston Properties Ltd (Registered number: 03491030)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Cost or valuation at 31 December 2023 is represented by:

Totals
£   
Valuation in 2010 72,323
Valuation in 2017 387,522
Valuation in 2020 75,000
Cost 3,039,354
3,574,199

The revaluation of investment property was undertaken by the directors who believe the value shown in the above note represents fair value of investment properties held by the company at 31 December 2023.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1,000 Ordinary £1 1,000 1,000