Chris Kerr Property Holdings Limited 04992393 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is Buying, selling, letting and operating of own real estate Digita Accounts Production Advanced 6.30.9574.0 true 04992393 2023-01-01 2023-12-31 04992393 2023-12-31 04992393 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 04992393 core:Non-currentFinancialInstruments 2023-12-31 04992393 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 04992393 core:DeferredTaxation 2023-12-31 04992393 bus:SmallEntities 2023-01-01 2023-12-31 04992393 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04992393 bus:FilletedAccounts 2023-01-01 2023-12-31 04992393 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04992393 bus:RegisteredOffice 2023-01-01 2023-12-31 04992393 bus:Director1 2023-01-01 2023-12-31 04992393 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04992393 core:FurnitureFittings 2023-01-01 2023-12-31 04992393 core:DeferredTaxation 2023-01-01 2023-12-31 04992393 countries:EnglandWales 2023-01-01 2023-12-31 04992393 2022-12-31 04992393 core:DeferredTaxation 2022-12-31 04992393 2022-01-01 2022-12-31 04992393 2022-12-31 04992393 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 04992393 core:Non-currentFinancialInstruments 2022-12-31 04992393 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 04992393

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

for
 

Chris Kerr Property Holdings Limited

 

Chris Kerr Property Holdings Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Chris Kerr Property Holdings Limited

Company Information

Director:

C Kerr

Registered office:

77 Goldhawk Road
Shepherd's Bush
London
W12 8EH

Registered number:

04992393

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

Chris Kerr Property Holdings Limited

(Registration number: 04992393)
Balance Sheet as at 31 December 2023

Note

31.12.23

31.12.22

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

5

 

-

 

519

Investment property

6

 

2,841,700

 

2,075,001

   

2,841,700

 

2,075,520

CURRENT ASSETS

   

 

Debtors

7

404,386

 

700,103

 

Cash at bank and in hand

 

685

 

-

 

 

405,071

 

700,103

 

CREDITORS

   

 

Creditors within 1yr

8

854,901

 

31,015

 

Net current (liabilities)/assets

   

(449,830)

 

669,088

Total assets less current liabilities

   

2,391,870

 

2,744,608

Creditors
Amounts falling due after more than one year

8

 

613,707

 

1,013,707

PROVISIONS FOR LIABILITES

 

(178,323)

 

(129,441)

Net assets

   

1,599,840

 

1,601,460

CAPITAL AND RESERVES

   

 

Called up share capital

 

100

 

100

Other reserves

 

955,285

 

955,285

Profit and loss account

 

644,455

 

646,075

Shareholders' funds

   

1,599,840

 

1,601,460

 

Chris Kerr Property Holdings Limited

(Registration number: 04992393)
Balance Sheet as at 31 December 2023 (continued)

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 August 2024
 

.........................................

C Kerr
Director

 

Chris Kerr Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Turnover

Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
 

Tax

Taxation for the year comprises current and deferred trecognized 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 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.

Deferred tax is provided upon the surplus on revaluations of Investment properties.

 

Chris Kerr Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Fixtures & fittings

25% reducing balance

3.

Staff numbers

The average number of persons employed by the company during the year, was 0 (2022 - 0).

4.

Profit before tax

Arrived at after charging/(crediting)

31.12.23
£

31.12.22
£

Depreciation expense

-

173

 

Chris Kerr Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

5.

Tangible assets

   

Fixtures and fittings
£

Cost or valuation

At 1 January 2023

14,394

Disposals

(14,394)

At 31 December 2023

-

Depreciation

At 1 January 2023

13,875

Eliminated on disposal

(13,875)

At 31 December 2023

-

Carrying amount

At 31 December 2023

-

At 31 December 2022

519

6.

Investment properties

31.12.23
£

At 1 January

2,075,001

Additions

766,699

At 31 December

2,841,700

The properties were revalued at the year on an open market basis by the director and fair value is represented by cost of £1,838,115 plus revaluation surplus of £955,285 giving a total £2,841,700.

7.

Debtors

Current

31.12.23
£

31.12.22
£

Other debtors

404,386

700,103

 

404,386

700,103

 

Chris Kerr Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

8.

Creditors

Creditors: amounts falling due within one year

31.12.23
£

31.12.22
£

Due within one year

Taxation and social security

30,185

26,636

Other creditors

824,716

4,379

854,901

31,015

Creditors: amounts falling due after more than one year

Note

31.12.23
£

31.12.22
£

Due after one year

 

Loans and borrowings

10

613,707

1,013,707

9.

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Property Reserve
£

Amount of revaluation brought forward

955,285

The property reserve is non-distributable.

10.

Secured debts

31.12.23
£

31.12.22
£

The following secured debts are included within creditors:

Bank loans

613,707

1,013,707

Bank loan is secured by a charge on investment property.

 

Chris Kerr Property Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

11.

Provisions for liabilities

Deferred tax
£

At 1 January 2023

129,441

Additional provisions

48,882

At 31 December 2023

178,323