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REGISTERED NUMBER: 05319902 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Kelbrook Investments Limited

Kelbrook Investments Limited (Registered number: 05319902)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kelbrook Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G R Ziser





REGISTERED OFFICE: 9 Hampstead West
224 Iverson Road
West Hampstead
London





REGISTERED NUMBER: 05319902 (England and Wales)





ACCOUNTANTS: Newmans
Chartered Certified Accountants
DVS House
Suite 1, First Floor
4 Spring Villa Road
Edgware
Middlesex
HA8 7EB

Kelbrook Investments Limited (Registered number: 05319902)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,960,000 2,960,000

CURRENT ASSETS
Debtors 5 12,959 19,431
Cash at bank 6,583 15,714
19,542 35,145
CREDITORS
Amounts falling due within one year 6 218,177 261,402
NET CURRENT LIABILITIES (198,635 ) (226,257 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,761,365

2,733,743

CREDITORS
Amounts falling due after more than one year 7 (1,910,642 ) (1,912,046 )

PROVISIONS FOR LIABILITIES (44,326 ) (44,326 )
NET ASSETS 806,397 777,371

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 724,469 724,469
Retained earnings 10 81,927 52,901
SHAREHOLDERS' FUNDS 806,397 777,371

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 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.

Kelbrook Investments Limited (Registered number: 05319902)

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.

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 6 March 2024 and were signed by:





G R Ziser - Director


Kelbrook Investments Limited (Registered number: 05319902)

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

1. STATUTORY INFORMATION

Kelbrook Investments 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Taxation
Taxation for the year 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 year 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Kelbrook Investments Limited (Registered number: 05319902)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,960,000
NET BOOK VALUE
At 31 December 2023 2,960,000
At 31 December 2022 2,960,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2021 768,795
Cost 2,191,205
2,960,000

The property was valued by Colliers International, Chartered Surveyors on 18 August 2021 and on 20 October 2021.
In the opinion of the director, the market value of the the property at balance sheet date was £2,960,000 on an open market basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 10,434 9,920
Prepayments 2,525 9,511
12,959 19,431

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 2,251
Trade creditors 2,803 2,789
Amounts owed to group undertakings 92,700 104,592
Amounts owed to associates 74,592 107,700
Tax 6,808 3,513
Other creditors 28,882 28,136
Accrued expenses 12,392 12,421
218,177 261,402

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans more 5 yrs non-inst 1,910,642 1,912,046

Kelbrook Investments Limited (Registered number: 05319902)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.12.23 31.12.22
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,910,642 1,912,046

8. SECURED DEBTS

Aldermore Bank Plc holds fixed and floating charges over Kelbrook Investments Limited. The floating charge covers all of the property or undertaking of the company. The charges also contain a negative pledge.

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 January 2023 52,901 724,469 777,370
Profit for the year 29,026 29,026
At 31 December 2023 81,927 724,469 806,396

11. CONTINGENT LIABILITIES

The company is a party to a joint bank loan facility agreement with related companies. As a part of this agreement the company has provided its property and other assets as a security to the bank. As at the balance sheet date, the contingent liability due amounted to £34,391,354 (2022 - £34,461,829).