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REGISTERED NUMBER: 10421660 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 NOVEMBER 2021 TO 30 OCTOBER 2022

FOR

KIMBERLEY REAL ESTATE LIMITED

KIMBERLEY REAL ESTATE LIMITED (REGISTERED NUMBER: 10421660)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 November 2021 to 30 October 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KIMBERLEY REAL ESTATE LIMITED

COMPANY INFORMATION
for the period 1 November 2021 to 30 October 2022







DIRECTOR: Mr J Wider





REGISTERED OFFICE: 19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD





REGISTERED NUMBER: 10421660 (England and Wales)





ACCOUNTANTS: Raffingers LLP
Chartered Certified Accountants
19-20 Bourne Court
Southend Road
Woodford Green
Essex
IG8 8HD

KIMBERLEY REAL ESTATE LIMITED (REGISTERED NUMBER: 10421660)

ABRIDGED BALANCE SHEET
30 October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,160 12,700
Investment property 5 7,047,250 7,047,250
7,057,410 7,059,950

CURRENT ASSETS
Debtors 948,527 828,674
Cash at bank 27,946 4,240
976,473 832,914
CREDITORS
Amounts falling due within one year 1,361,277 1,276,755
NET CURRENT LIABILITIES (384,804 ) (443,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,672,606

6,616,109

CREDITORS
Amounts falling due after more than one
year

(4,020,750

)

(4,052,250

)

PROVISIONS FOR LIABILITIES (575,000 ) (575,000 )
NET ASSETS 2,076,856 1,988,859

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve 2,127,380 2,127,380
Retained earnings (50,525 ) (138,522 )
SHAREHOLDERS' FUNDS 2,076,856 1,988,859

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 October 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 October 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KIMBERLEY REAL ESTATE LIMITED (REGISTERED NUMBER: 10421660)

ABRIDGED BALANCE SHEET - continued
30 October 2022


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 Income Statement and an abridged Balance Sheet for the period ended 30 October 2022 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 director and authorised for issue on 19 January 2024 and were signed by:





Mr J Wider - Director


KIMBERLEY REAL ESTATE LIMITED (REGISTERED NUMBER: 10421660)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 November 2021 to 30 October 2022

1. STATUTORY INFORMATION

Kimberley Real Estate Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The accounts have been prepared on the going concern basis as the director is of the opinion that the company will meet its liabilities as and when due, due to the continued support of the director.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investment property
Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transactions costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Short term debtors and creditors
Short term debtors and creditors with no stated interest rate are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account.

KIMBERLEY REAL ESTATE LIMITED (REGISTERED NUMBER: 10421660)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 November 2021 to 30 October 2022

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2021
and 30 October 2022 34,853
DEPRECIATION
At 1 November 2021 22,153
Charge for period 2,540
At 30 October 2022 24,693
NET BOOK VALUE
At 30 October 2022 10,160
At 31 October 2021 12,700

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2021
and 30 October 2022 7,047,250
NET BOOK VALUE
At 30 October 2022 7,047,250
At 31 October 2021 7,047,250

Investment property was valued on an open market basis on 30 October 2022 by the director.

6. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 4,052,250 4,083,750

The bank loan is secured by a charge over the company's investment property.

7. RELATED PARTY DISCLOSURES

Included in other debtors are amounts aggregating £592,482 (2021: £554,400) due from companies of which the director of this company is a director.

Included in other creditors are amounts aggregating £133,744 (2021: £117,109) due to companies of which the director of this company is a director.

At the balance sheet date the company owed the director, Mr J Wider, £3,489 (2021: nil).