05083370falsethe management and maintenance of properties at 2 to 6 and 10 to 18 King Henry Mews, Harrow on the Hill2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:Director22023-01-012023-12-31http://www.companieshouse.gov.uk/cd:Director32023-01-012023-12-31http://www.companieshouse.gov.uk/cd:Director42023-01-012023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:Director52023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2022-01-012022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 05083370
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Prepared By:
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DIRECTORS
P Ostwind
T Shortall
Mrs JM Lynch (from 16/06/2023)
R Ng Kwet Shing (to 12/06/2023)
SJ Moynihan (resigned 21/11/2019)
SECRETARY
Stephen J Woodward Limited
REGISTERED OFFICE
The Old Fire Station
90 High Street
Harrow on the Hill
Middlesex
HA1 3LP
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 05083370
ACCOUNTANTS
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
ACCOUNTS
FOR THEYEARENDED31 DECEMBER 2023
CONTENTS
Page
Directors' Report3
Accountants' Report4
Statement Of Comprehensive Income5
Balance Sheet6
Notes To The Accounts7
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
DIRECTORS' REPORT
FOR THEYEARENDED31 December 2023
The directors present their report and accounts for theyearended31 December 2023
DIRECTORS
The directors who served during theyearwere as follows:
P Ostwind
T Shortall
Mrs JM Lynch (from 16/06/2023)
R Ng Kwet Shing (to 12/06/2023)
SJ Moynihan (resigned 21/11/2019)
STATEMENT OF DIRECTORS RESPONSIBILITIES
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulation.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements the directors are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the board on9 February 2024
Stephen J Woodward Limited
Secretary
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS
OF KINGS HEAD RENT CHARGE MANAGEMENT LIMITED, FOR THE YEAR ENDED 31 DECEMBER 2023
In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kings Head Rent Charge Management Limited for the year ended 31 December 2023 as set out on pages 5 to (1) from the company's accounting records and from information and explanations you have given us.
As a practising member of the Institute of Chartered Accountants in England & Wales, we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Kings Head Rent Charge Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kings Head Rent Charge Management Limited and state those matters that we have agreed to state to the Board of Directors of Kings Head Rent Charge Management Limited, as a body, in this report, in accordance with the requirements of the Institute of Chartered Accountants in England & Wales as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kings Head Rent Charge Management Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kings Head Rent Charge Management Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Kings Head Rent Charge Management Limited. You consider that Kings Head Rent Charge Management Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kings Head Rent Charge Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Reed-Ransted
Chartered Accountants
2 Burhill Grove
Pinner
Middlesex
HA5 3DW
9 February 2024
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
STATEMENT OF COMPREHENSIVE INCOME
FOR THEYEARENDED31 December 2023
Notes20232022
££
TURNOVER241,66438,995
GROSS PROFIT41,66438,995
Administrative expenses(34,440)(36,902)
OPERATING PROFIT7,2242,093
Interest receivable and similar income19723
PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION7,4212,116
PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION7,4212,116
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
BALANCE SHEET AT31 December 2023
Registered number: 05083370
20232022
Notes££
CURRENT ASSETS
Debtors41,0805,290
Cash at bank and in hand25,21120,895
26,29126,185
CREDITORS: Amounts falling due within one year51,9379,252
NET CURRENT ASSETS24,35416,933
TOTAL ASSETS LESS CURRENT LIABILITIES24,35416,933
CAPITAL AND RESERVES
Called up share capital63333
Profit and loss account724,32116,900
SHAREHOLDERS' FUNDS24,35416,933
For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on9 February 2024and signed on their behalf by
.............................
P Ostwind
Director
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Turnover
Turnover represents service charges levied to property owners.
2. TURNOVER
The turnover and pre-tax result is attributable to the management and maintenance of properties at 2 to 6 and 10 to 18 King Henry Mews, Harrow on the Hill.
20232022
££
Service charges14,56013,525
Service charges from Kings Head Flat Management Limited27,10425,470
41,66438,995
3. EMPLOYEES
20232022
No.No.
Average number of employees/officers33
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors-4,839
Prepayments1,080451
1,0805,290
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
Trade creditors-415
Other creditors-7,280
Accruals1,9371,557
1,9379,252
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
33 Ordinary shares of £1 each3333
3333
7. PROFIT AND LOSS RESERVE 20232022
££
Opening balance16,90014,784
Profit for the year7,4212,116
24,32116,900
8. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS 20232022
££
Opening shareholders' funds16,93314,817
Profit for the year7,4212,116
Closing shareholders' funds24,35416,933
KINGS HEAD RENT CHARGE MANAGEMENT LIMITED
9. CONTROLLING PARTY
The company is controlled by and is a subsidiary of Kings Head Flat Management Limited, its parent and ultimate holding company, which owns 20 shares.
The registered office of Kings Head Flat Management Company Limited is The Old Fire Station, 90 High Street, Harrow on the Hill, Middlesex, HA1 3LP.