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REGISTERED NUMBER: SC244521 (Scotland)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Kendall Residential Ltd.

Kendall Residential Ltd. (Registered number: SC244521)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kendall Residential Ltd.

Company Information
for the Year Ended 31st March 2024







DIRECTORS: D J Kendall
Mrs B Kendall





REGISTERED OFFICE: 1 Campbell Lane
Hamilton
ML3 6DB





REGISTERED NUMBER: SC244521 (Scotland)





ACCOUNTANTS: Smith Inglis & Tait
1 Campbell Lane
Hamilton
ML3 6DB

Kendall Residential Ltd. (Registered number: SC244521)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 8,208 9,656
Investment property 5 2,890,000 2,870,000
2,898,208 2,879,656

CURRENT ASSETS
Debtors 6 62,000 -
Cash at bank and in hand 30,953 52,280
92,953 52,280
CREDITORS
Amounts falling due within one year 7 80,112 75,441
NET CURRENT ASSETS/(LIABILITIES) 12,841 (23,161 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,911,049

2,856,495

CREDITORS
Amounts falling due after more than one year 8 (2,025,762 ) (2,025,762 )

PROVISIONS FOR LIABILITIES 9 (177,006 ) (100,515 )
NET ASSETS 708,281 730,218

CAPITAL AND RESERVES
Called up share capital 6 6
Revaluation reserve 10 708,025 688,025
Retained earnings 250 42,187
SHAREHOLDERS' FUNDS 708,281 730,218

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Kendall Residential Ltd. (Registered number: SC244521)

Balance Sheet - continued
31st March 2024


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 22nd August 2024 and were signed on its behalf by:





D J Kendall - Director


Kendall Residential Ltd. (Registered number: SC244521)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Kendall Residential Ltd. is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

Turnover
Revenue 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.

Computer Equipment 33.33 % Straight Line
Fixtures & Fittings 15.00 % Reducing Balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 and deferred 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 (2023 - NIL).

Kendall Residential Ltd. (Registered number: SC244521)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 93,940
DEPRECIATION
At 1st April 2023 84,284
Charge for year 1,448
At 31st March 2024 85,732
NET BOOK VALUE
At 31st March 2024 8,208
At 31st March 2023 9,656

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023 2,870,000
Revaluations 20,000
At 31st March 2024 2,890,000
NET BOOK VALUE
At 31st March 2024 2,890,000
At 31st March 2023 2,870,000

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2008 123,425
Valuation in 2010 (62,000 )
Valuation in 2016 (87,000 )
Valuation in 2017 20,000
Valuation in 2018 25,000
Valuation in 2020 5,000
Valuation in 2021 66,600
Valuation in 2022 307,000
Valuation in 2023 10,000
Valuation in 2024 20,000
Cost 2,461,975
2,890,000

Kendall Residential Ltd. (Registered number: SC244521)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other debtors 62,000 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 64,413 64,413
Trade creditors (1 ) -
Taxation and social security 14,156 6,718
Other creditors 1,544 4,310
80,112 75,441

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,025,762 2,025,762

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 177,006 100,515

Deferred
tax
£   
Balance at 1st April 2023 100,515
Provided during year 76,491
Balance at 31st March 2024 177,006

10. RESERVES
Revaluation
reserve
£   
At 1st April 2023 688,025
Revaluation 20,000

At 31st March 2024 708,025