Registered number
11079665
KIMPTON PROPERTIES LIMITED
Filleted Accounts
30 September 2023
KIMPTON PROPERTIES LIMITED
Registered number: 11079665
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 94,940 111,661
Current assets
Debtors 4 1,000 1,000
Cash at bank and in hand 1,895 2,231
2,895 3,231
Creditors: amounts falling due within one year 5 (64,359) (62,394)
Net current liabilities (61,464) (59,163)
Net assets 33,476 52,498
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 32,476 51,498
Shareholders' funds 33,476 52,498
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J G KING
Director
Approved by the board on 20 February 2024
KIMPTON PROPERTIES LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments Total
£ £
Cost
At 1 October 2022 111,661 111,661
At 30 September 2023 111,661 111,661
Impairment provision
At 1 October 2022 - -
Provision for the year 16,721 16,721
Disposals - -
At 30 September 2023 16,721 16,721
Net book value
At 30 September 2023 94,940 94,940
At 1 October 2022 111,661 111,661
Historical cost
At 1 October 2022 111,661
At 30 September 2023 111,661
4 Debtors 2023 2022
£ £
Other debtors 1,000 1,000
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 64,359 62,394
6 Related party transactions
Included within creditors was an amount due to Eversleigh Investment and Property Co. Ltd, a company in which directors, M J G King and J S King, are also directors and shareholders, of £29,158 (2022: £27,194). Interest payable, charged at 2.85% above Bank of England base rate, was £1,951 (2022: £1,651).
Included within creditors was an amount due to Orient Estates Limited, a company in which the directors, M J G King and J S King, are also directors, of £35,200 (2022: £35,200). This loan was interest free.
7 Controlling party
No single individual or entity has overall controll of the company.
8 Other information
KIMPTON PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
124 Great North Road
Hatfield
AL9 5JN
KIMPTON PROPERTIES LIMITED 11079665 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts October 2023 release 2 M J G KING No description of principal activity 11079665 2021-10-01 2022-09-30 11079665 core:WithinOneYear 2022-09-30 11079665 core:ShareCapital 2022-09-30 11079665 core:RetainedEarningsAccumulatedLosses 2022-09-30 11079665 2022-10-01 2023-09-30 11079665 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 11079665 bus:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 11079665 bus:Director40 2022-10-01 2023-09-30 11079665 1 2022-10-01 2023-09-30 11079665 2 2022-10-01 2023-09-30 11079665 countries:England 2022-10-01 2023-09-30 11079665 bus:FRS102 2022-10-01 2023-09-30 11079665 bus:FullAccounts 2022-10-01 2023-09-30 11079665 2023-09-30 11079665 core:WithinOneYear 2023-09-30 11079665 core:ShareCapital 2023-09-30 11079665 core:RetainedEarningsAccumulatedLosses 2023-09-30 11079665 2022-09-30 iso4217:GBP xbrli:pure