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REGISTERED NUMBER: 09252025 (England and Wales)















KENNEDYS RESIDENTIAL LTD

Unaudited Financial Statements for the Year Ended 30 November 2023






KENNEDYS RESIDENTIAL LTD (REGISTERED NUMBER: 09252025)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KENNEDYS RESIDENTIAL LTD

Company Information
for the year ended 30 November 2023







DIRECTORS: P Kennedy
Mrs S Kennedy





REGISTERED OFFICE: 48 Walton Street
Walton On The Hill
Tadworth
KT20 7RT





REGISTERED NUMBER: 09252025 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

KENNEDYS RESIDENTIAL LTD (REGISTERED NUMBER: 09252025)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,674 3,973

CURRENT ASSETS
Debtors 5 48,667 17,930
Cash at bank and in hand 232,248 302,563
280,915 320,493
CREDITORS
Amounts falling due within one year 6 68,431 88,918
NET CURRENT ASSETS 212,484 231,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,158

235,548

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 253,156 235,546
253,158 235,548

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

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

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 1 May 2024 and were signed on its behalf by:




P Kennedy - Director



Mrs S Kennedy - Director


KENNEDYS RESIDENTIAL LTD (REGISTERED NUMBER: 09252025)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Kennedys Residential 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - Straight line over 4 years

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

KENNEDYS RESIDENTIAL LTD (REGISTERED NUMBER: 09252025)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 5,606
Additions 38,103
At 30 November 2023 43,709
DEPRECIATION
At 1 December 2022 1,633
Charge for year 1,402
At 30 November 2023 3,035
NET BOOK VALUE
At 30 November 2023 40,674
At 30 November 2022 3,973

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 17,692 16,546
Other debtors 30,975 1,384
48,667 17,930

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,173 13,058
Taxation and social security 50,688 72,283
Other creditors 3,570 3,577
68,431 88,918

7. RELATED PARTY DISCLOSURES

During the year , the company advanced the sum of £64,511 to a partnership in which the Directors of the company are partners, Interest is charged on this loan at the official rate of interest.The partnership is repaying this loan on a monthly basis.

As at 30 November 2023 the loan outstanding was £28,405