Company Registration No. 12328036 (England and Wales)
Kilgour Connolly Properties Limited
Unaudited accounts
for the year ended 30 November 2023
Kilgour Connolly Properties Limited
Unaudited accounts
Contents
Kilgour Connolly Properties Limited
Company Information
for the year ended 30 November 2023
Director
Benjamin David Kilgour Connolly
Company Number
12328036 (England and Wales)
Registered Office
Azoth Solutions Ltd
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
England
Accountants
Azoth Digital Accountants
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
Kilgour Connolly Properties Limited
Statement of financial position
as at 30 November 2023
Tangible assets
130,461
130,945
Investment property
11,230
11,230
Cash at bank and in hand
186
504
Creditors: amounts falling due within one year
(11,016)
(6,153)
Net current liabilities
(10,830)
(5,649)
Total assets less current liabilities
130,861
136,526
Creditors: amounts falling due after more than one year
(125,832)
(122,556)
Provisions for liabilities
Deferred tax
(1,684)
(3,043)
Called up share capital
100
100
Profit and loss account
3,245
10,827
Shareholders' funds
3,345
10,927
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Benjamin David Kilgour Connolly
Director
Company Registration No. 12328036
Kilgour Connolly Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
Kilgour Connolly Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 12328036. The registered office is Azoth Solutions Ltd, Jonathan Scott Hall, Thorpe Road, Norwich, Norfolk, NR1 1UH, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Kilgour Connolly Properties Limited
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 December 2022
129,493
2,420
131,913
At 30 November 2023
129,493
2,420
131,913
At 1 December 2022
-
968
968
Charge for the year
-
484
484
At 30 November 2023
-
1,452
1,452
At 30 November 2023
129,493
968
130,461
At 30 November 2022
129,493
1,452
130,945
Fair value at 1 December 2022
11,230
At 30 November 2023
11,230
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,482
5,482
Taxes and social security
83
1,658
Other creditors
2,382
1,575
Loans from directors
1,689
(3,762)
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
125,832
122,556
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).