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REGISTERED NUMBER: 10852170 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JULY 2023

FOR

KINCAID INVESTMENTS LTD

KINCAID INVESTMENTS LTD (REGISTERED NUMBER: 10852170)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINCAID INVESTMENTS LTD

COMPANY INFORMATION
for the year ended 30 July 2023







DIRECTORS: Miss M S Kincaid
Miss C A Kincaid





REGISTERED OFFICE: 25-29 Sandy Way
Yeadon
Leeds
LS19 7EW





REGISTERED NUMBER: 10852170 (England and Wales)





ACCOUNTANTS: J S White & Co Limited
25-29 Sandy Way
Yeadon
Leeds
LS19 7EW

KINCAID INVESTMENTS LTD (REGISTERED NUMBER: 10852170)

BALANCE SHEET
30 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,601 8,252
Tangible assets 5 42,658 42,658
49,259 50,910

CURRENT ASSETS
Debtors 6 100,000 191,676
Cash at bank 18,656 25,099
118,656 216,775
CREDITORS
Amounts falling due within one year 7 234,932 323,632
NET CURRENT LIABILITIES (116,276 ) (106,857 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(67,017

)

(55,947

)

CREDITORS
Amounts falling due after more than one
year

8

37,556

37,556
NET LIABILITIES (104,573 ) (93,503 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (104,673 ) (93,603 )
SHAREHOLDERS' FUNDS (104,573 ) (93,503 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 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.

KINCAID INVESTMENTS LTD (REGISTERED NUMBER: 10852170)

BALANCE SHEET - continued
30 July 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 10 April 2024 and were signed on its behalf by:





Miss M S Kincaid - Director


KINCAID INVESTMENTS LTD (REGISTERED NUMBER: 10852170)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 July 2023

1. STATUTORY INFORMATION

Kincaid Investments Ltd 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 NIL (2022 - NIL).

KINCAID INVESTMENTS LTD (REGISTERED NUMBER: 10852170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 July 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 31 July 2022
and 30 July 2023 25,182
AMORTISATION
At 31 July 2022 16,930
Charge for year 1,651
At 30 July 2023 18,581
NET BOOK VALUE
At 30 July 2023 6,601
At 30 July 2022 8,252

5. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 31 July 2022
and 30 July 2023 42,658
NET BOOK VALUE
At 30 July 2023 42,658
At 30 July 2022 42,658

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by joint ventures - 91,676
Other debtors 100,000 100,000
100,000 191,676

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - (1,461 )
Other creditors 234,932 325,093
234,932 323,632

KINCAID INVESTMENTS LTD (REGISTERED NUMBER: 10852170)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 37,556 37,556