IRIS Accounts Production v23.3.1.45 09919668 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099196682022-12-31099196682023-12-31099196682023-01-012023-12-31099196682021-12-31099196682022-01-012022-12-31099196682022-12-3109919668ns14:PoundSterlingns10:Original2023-01-012023-12-3109919668ns10:Originalns10:Director12023-01-012023-12-3109919668ns10:Original2023-01-012023-12-3109919668ns10:Original2023-12-3109919668ns10:Originalns10:PrivateLimitedCompanyLtd2023-01-012023-12-3109919668ns10:Originalns10:SmallEntities2023-01-012023-12-3109919668ns10:Originalns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3109919668ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3109919668ns10:SmallCompaniesRegimeForAccountsns10:Original2023-01-012023-12-3109919668ns10:Originalns10:FullAccounts2023-01-012023-12-3109919668ns10:Originalns10:Director22023-01-012023-12-3109919668ns10:Originalns10:RegisteredOffice2023-01-012023-12-3109919668ns10:Original2022-12-3109919668ns10:Originalns5:CurrentFinancialInstruments2023-12-3109919668ns10:Originalns5:CurrentFinancialInstruments2022-12-3109919668ns5:ShareCapitalns10:Original2023-12-3109919668ns5:ShareCapitalns10:Original2022-12-3109919668ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-12-3109919668ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-12-3109919668ns10:Originalns5:FurnitureFittings2023-01-012023-12-3109919668ns10:Original2022-01-012022-12-3109919668ns10:Originalns5:FurnitureFittings2022-12-3109919668ns10:Originalns5:FurnitureFittings2023-12-3109919668ns10:Originalns5:FurnitureFittings2022-12-3109919668ns10:Original2022-12-3109919668ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3109919668ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 09919668












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Kingsway Property Services Limited

Kingsway Property Services Limited (Registered number: 09919668)






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


Kingsway Property Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: C G Mustoe
Mrs J Mustoe





REGISTERED OFFICE: Suite 26
Manor Court
Salesbury Hall Road
Ribchester
Lancashire
PR3 3XR





REGISTERED NUMBER: 09919668





ACCOUNTANTS: Egan Roberts Limited
Accountants
Suite 46
Manor Court
Salesbury Hall Road
Ribchester
Lancashire
PR3 3XR

Kingsway Property Services Limited (Registered number: 09919668)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 365 1,892
Investment property 5 1,102,323 1,102,323
1,102,688 1,104,215

CURRENT ASSETS
Debtors 6 472,637 457,278
Cash at bank and in hand 142,117 83,465
614,754 540,743
CREDITORS
Amounts falling due within one year 7 105,371 84,195
NET CURRENT ASSETS 509,383 456,548
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,612,071

1,560,763

PROVISIONS FOR LIABILITIES 91 473
NET ASSETS 1,611,980 1,560,290

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,611,780 1,560,090
SHAREHOLDERS' FUNDS 1,611,980 1,560,290

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.

Kingsway Property Services Limited (Registered number: 09919668)

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 Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





C G Mustoe - Director


Kingsway Property Services Limited (Registered number: 09919668)

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

1. STATUTORY INFORMATION

Kingsway Property Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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

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 - 15% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

Kingsway Property Services Limited (Registered number: 09919668)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 41,873
DEPRECIATION
At 1 January 2023 39,981
Charge for year 1,527
At 31 December 2023 41,508
NET BOOK VALUE
At 31 December 2023 365
At 31 December 2022 1,892

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,102,323
NET BOOK VALUE
At 31 December 2023 1,102,323
At 31 December 2022 1,102,323

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 43,621 37,519
Other debtors 421,117 413,657
Prepayments 7,899 6,102
472,637 457,278

Kingsway Property Services Limited (Registered number: 09919668)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,354 1,548
Tax 41,791 39,077
VAT 12,423 3,933
Other creditors 19,736 19,736
Directors' current accounts 13,657 13,657
Accrued expenses 16,410 6,244
105,371 84,195