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REGISTERED NUMBER: 03925327 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Kempton Homes Limited

Kempton Homes Limited (Registered number: 03925327)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Kempton Homes Limited (Registered number: 03925327)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 6
Investment property 5 7,051,425 19,881,212
7,051,425 19,881,218

CURRENT ASSETS
Debtors 6 19,999,362 303,499
Cash at bank 143,530 55,259
20,142,892 358,758
CREDITORS
Amounts falling due within one year 7 2,333,904 1,737,428
NET CURRENT ASSETS/(LIABILITIES) 17,808,988 (1,378,670 )
TOTAL ASSETS LESS CURRENT LIABILITIES 24,860,413 18,502,548

CREDITORS
Amounts falling due after more than one year 8 24,663,009 18,294,490
NET ASSETS 197,404 208,058

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 200,952 200,952
Retained earnings (3,648 ) 7,006
SHAREHOLDERS' FUNDS 197,404 208,058

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 August 2024 and were signed by:





H Mofarah-Ghasri - Director


Kempton Homes Limited (Registered number: 03925327)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Kempton Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03925327

Registered office: Spring Court
Spring Road
Hale
Altrincham
Cheshire
WA14 2UQ

The presentation currency of the financial statements is the Pound Sterling (£).


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.

After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% on cost

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 Profit and Loss account, 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 1 (2022 - 1 ) .

Kempton Homes Limited (Registered number: 03925327)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 15,397 3,187 18,584
DEPRECIATION
At 1 September 2022 15,397 3,181 18,578
Charge for year - 6 6
At 31 August 2023 15,397 3,187 18,584
NET BOOK VALUE
At 31 August 2023 - - -
At 31 August 2022 - 6 6

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2022 19,881,212
Additions 6,355,354
Disposals (19,185,141 )
At 31 August 2023 7,051,425
NET BOOK VALUE
At 31 August 2023 7,051,425
At 31 August 2022 19,881,212

Cost or valuation at 31 August 2023 is represented by:
£   
Valuation in 2021 200,952
Cost 6,850,473
7,051,425

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,110 4,653
Other debtors 19,997,252 298,846
19,999,362 303,499

Kempton Homes Limited (Registered number: 03925327)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,235 37,037
Trade creditors 101,061 330,949
Taxation and social security 8,905 10,016
Other creditors 2,186,703 1,359,426
2,333,904 1,737,428

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 355,899 366,083
Other creditors 24,307,110 17,928,407
24,663,009 18,294,490

The bank overdraft and bank loans are secured by a debenture over the assets and undertakings of the company, a first legal charge over certain properties held in fixed assets and by personal guarantees from the director, H Mofarah-Ghasri.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loans 25,335,860 17,928,407

Included in creditors is a Shawbrook construction loan £20,991,510 (2022: £17,043,157) which is secured against the company assets to which it relates.

10. RESERVES
Revaluation
reserve
£   
At 1 September 2022
and 31 August 2023 200,952