1 July 2022 v2024.8.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP126445372022-07-012023-06-30126445372023-06-30126445372022-06-3012644537core:WithinOneYear2023-06-3012644537core:WithinOneYear2022-06-3012644537core:ShareCapital2023-06-3012644537core:ShareCapital2022-06-3012644537core:RetainedEarningsAccumulatedLosses2023-06-3012644537core:RetainedEarningsAccumulatedLosses2022-06-3012644537bus:Director12022-07-012023-06-3012644537bus:RegisteredOffice2022-07-012023-06-3012644537core:NetGoodwill2022-07-012023-06-3012644537core:Goodwill2022-07-012023-06-3012644537core:LandBuildings2022-07-012023-06-3012644537core:FurnitureFittings2022-07-012023-06-30126445372021-07-012022-06-3012644537core:NetGoodwill2023-06-3012644537core:NetGoodwill2022-07-0112644537core:NetGoodwill2022-06-3012644537core:LandBuildings2023-06-3012644537core:PlantMachinery2023-06-3012644537core:LandBuildings2022-07-0112644537core:PlantMachinery2022-07-01126445372022-07-0112644537core:PlantMachinery2022-07-012023-06-3012644537core:LandBuildings2022-06-3012644537core:PlantMachinery2022-06-301264453712022-07-012023-06-3012644537countries:EnglandWales2022-07-012023-06-3012644537bus:AuditExemptWithAccountantsReport2022-07-012023-06-3012644537bus:PrivateLimitedCompanyLtd2022-07-012023-06-3012644537bus:SmallEntities2022-07-012023-06-3012644537bus:FullAccounts2022-07-012023-06-30
Company registration number:
12644537
Kempster Property Company Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2023
Kempster Property Company Limited
Statement of Financial Position
30 June 2023
20232022
Note££
Fixed assets    
Intangible assets 5
3,375
 
6,750
 
Tangible assets 6
427,894
 
443,804
 
431,269
 
450,554
 
Current assets    
Debtors 7 -  
5,549
 
Cash at bank and in hand
64,930
 
1,331
 
64,930
 
6,880
 
Creditors: amounts falling due within one year 8
(613,576
)
(612,576
)
Net current liabilities
(548,646
)
(605,696
)
Total assets less current liabilities (117,377 ) (155,142 )
Capital and reserves    
Called up share capital
10
 
10
 
Profit and loss account
(117,387
)
(155,152
)
Shareholders deficit
(117,377
)
(155,142
)
For the year ending
30 June 2023
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
29 March 2024
, and are signed on behalf of the board by:
S Humphreys
Director
Company registration number:
12644537
Kempster Property Company Limited
Notes to the Financial Statements
Year ended
30 June 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
94 Gosden Hill Road
,
Guildford
,
GU4 7JB
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
25% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 40 years
Fixtures and fittings
25% straight line

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2022:
1.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 July 2022
and
30 June 2023
13,500
 
Amortisation  
At
1 July 2022
6,750
 
Charge
3,375
 
At
30 June 2023
10,125
 
Carrying amount  
At
30 June 2023
3,375
 
At 30 June 2022
6,750
 

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2022
and
30 June 2023
457,055
 
17,936
 
474,991
 
Depreciation      
At
1 July 2022
22,852
 
8,335
 
31,187
 
Charge
11,426
 
4,484
 
15,910
 
At
30 June 2023
34,278
 
12,819
 
47,097
 
Carrying amount      
At
30 June 2023
422,777
 
5,117
 
427,894
 
At 30 June 2022
434,203
 
9,601
 
443,804
 

7 Debtors

20232022
££
Trade debtors -  
5,549
 

8 Creditors: amounts falling due within one year

20232022
££
Other creditors
613,576
 
612,576