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Registered number: 09734274
Kingsland Stock Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2023
Plan A Financials Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09734274
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,765,000 1,765,000
1,765,000 1,765,000
CURRENT ASSETS
Stocks 5 3,750,500 2,911,090
Debtors 6 58,907 1,000
Cash at bank and in hand 6,309 73,888
3,815,716 2,985,978
Creditors: Amounts Falling Due Within One Year 7 (6,573,837 ) (5,102,134 )
NET CURRENT ASSETS (LIABILITIES) (2,758,121 ) (2,116,156 )
TOTAL ASSETS LESS CURRENT LIABILITIES (993,121 ) (351,156 )
NET LIABILITIES (993,121 ) (351,156 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (993,221 ) (351,256 )
SHAREHOLDERS' FUNDS (993,121) (351,156)
Page 1
Page 2
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Robert Williams
Director
24/04/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kingsland Stock Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09734274 . The registered office is Suite 17, Essex House, Station Road, Upminster, Essex, RM14 2SJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0%
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 September 2022 1,765,000
As at 31 August 2023 1,765,000
Net Book Value
As at 31 August 2023 1,765,000
As at 1 September 2022 1,765,000
5. Stocks
2023 2022
£ £
Stock 3,750,500 2,911,090
6. Debtors
2023 2022
£ £
Due within one year
Other debtors - D Stone 34,000 1,000
VAT 24,907 -
58,907 1,000
Page 3
Page 4
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Trade creditors 1 -
Other loans - United Trust 4,798,861 3,709,543
Other creditors 2,000 -
Other creditors - Synerg3 Ltd 50 50
Other creditors - Kinslnad Stock Essex 21,077 21,077
Other creditors - Land Sourcing 355,900 42,300
Other creditors - Upland Dev. 900,445 832,861
Accruals and deferred income 2,400 3,200
Director's loan account 493,103 493,103
6,573,837 5,102,134
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 4