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Kimmance (North West) Ltd

Unaudited Financial Statements for the Year Ended 31 March 2023






Kimmance (North West) Ltd (Registered number: 04205048)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kimmance (North West) Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M D Thompson





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 04205048 (England and Wales)





ACCOUNTANTS: MATTHEWS SUTTON & CO LTD
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
L18 1DG

Kimmance (North West) Ltd (Registered number: 04205048)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 700,000 720,000

CURRENT ASSETS
Debtors 5 64,500 64,250

CREDITORS
Amounts falling due within one year 6 25,565 25,809
NET CURRENT ASSETS 38,935 38,441
TOTAL ASSETS LESS CURRENT
LIABILITIES

738,935

758,441

CREDITORS
Amounts falling due after more than one
year

7

(560,238

)

(560,238

)

PROVISIONS FOR LIABILITIES (38,210 ) (43,510 )
NET ASSETS 140,487 154,693

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 105,979 120,679
Retained earnings 34,408 33,914
SHAREHOLDERS' FUNDS 140,487 154,693

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

Kimmance (North West) Ltd (Registered number: 04205048)

Balance Sheet - continued
31 March 2023


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

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 2 February 2024 and were signed by:





M D Thompson - Director


Kimmance (North West) Ltd (Registered number: 04205048)

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

1. STATUTORY INFORMATION

Kimmance (North West) 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.

Turnover
Turnover represents net rents receivable, excluding value added tax.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 720,000
Revaluations (20,000 )
At 31 March 2023 700,000
NET BOOK VALUE
At 31 March 2023 700,000
At 31 March 2022 720,000

Investment properties were valued using market data by the director on 31/03/2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 4,500 4,250
Amounts owed by group undertakings 60,000 60,000
64,500 64,250

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 630 121
Taxation and social security 2,750 2,634
Other creditors 22,185 23,054
25,565 25,809

Kimmance (North West) Ltd (Registered number: 04205048)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 560,238 560,238

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 560,238 560,238

9. RESERVES
Fair
value
reserve
£   
At 1 April 2022 120,679
Fair value adjustment (14,700 )

At 31 March 2023 105,979