Company registration number 10502801 (England and Wales)
Kingslee Investments Limited
Unaudited financial statements
For the year ended 30 November 2023
Kingslee Investments Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Kingslee Investments Limited
Balance sheet
As at 30 November 2023
30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investments
3
1,989,886
2,413,950
Current assets
Debtors
4
2,682,624
1,094,104
Cash at bank and in hand
67,341
26,975
2,749,965
1,121,079
Creditors: amounts falling due within one year
5
(4,020,192)
(3,002,170)
Net current liabilities
(1,270,227)
(1,881,091)
Total assets less current liabilities
719,659
532,859
Provisions for liabilities
6
(37,581)
(50,924)
Net assets
682,078
481,935
Capital and reserves
Called up share capital
7
100
100
Non-distributable profits reserve
8
158,826
270,202
Distributable profit and loss reserves
523,152
211,633
Total equity
682,078
481,935

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Kingslee Investments Limited
Balance sheet (continued)
As at 30 November 2023
30 November 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 19 August 2024
Mr M H Chantler
Director
Company registration number 10502801 (England and Wales)
KINGSLEE INVESTMENTS LIMITED
Kingslee Investments Limited
Notes to the financial statements
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 3 -
1
Accounting policies
Company information

Kingslee Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is 31 Wellington Road, Nantwich, Cheshire, CW5 7ED.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents income receivable from dividends and interest.

1.3
Fixed asset investments

Listed investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss. Transaction costs are expensed to profit or loss as incurred.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

KINGSLEE INVESTMENTS LIMITED
Kingslee Investments Limited
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
1
1
3
Fixed asset investments
2023
2022
£
£
Investments
1,989,886
2,413,950
Fixed asset investments revalued

Investments comprise listed investments, which are included at market value.

Movements in fixed asset investments
Investments other than loans
£
Cost or valuation
At 1 December 2022
2,413,950
Additions
34,942
Valuation changes
(94,446)
Disposals
(364,560)
At 30 November 2023
1,989,886
Carrying amount
At 30 November 2023
1,989,886
At 30 November 2022
2,413,950
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
2,682,624
1,094,104
KINGSLEE INVESTMENTS LIMITED
Kingslee Investments Limited
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 NOVEMBER 2023
- 5 -
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
20,979
15,309
Other creditors
3,977,905
2,985,322
Accruals and deferred income
21,308
1,539
4,020,192
3,002,170
6
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
37,581
50,924
7
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Non-distributable profits reserve
2023
2022
£
£
At the beginning of the year
270,202
388,197
Non distributable profits in the year
(111,376)
(117,995)
At the end of the year
158,826
270,202

Non-distributable profit reserves represent the fair value increase of investments above their original cost less the associated deferred tax liability.

9
Related party transactions

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due to related parties
£
£
Director
3,977,905
2,985,322
KINGSLEE INVESTMENTS LIMITED
Kingslee Investments Limited
Notes to the financial statements (continued)
FOR THE YEAR ENDED 30 NOVEMBER 2023
9
Related party transactions
(Continued)
- 6 -

The following amounts were outstanding at the reporting end date:

2023
2022
Amounts due from related parties
£
£
Entities under common control
2,682,625
1,094,104
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