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Registration number: 02839010

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

for
 

Chris Kerr Property Services Limited

 

Chris Kerr Property Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Chris Kerr Property Services Limited

Company Information

Director:

C Kerr

Registered office:

77 Goldhawk Road
Shepherd's Bush
London
W12 8EH

Registered number:

02839010

Accountants:

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

 

Chris Kerr Property Services Limited

(Registration number: 02839010)
Balance Sheet as at 31 December 2023

Note

31.12.23

31.12.22

   

£

£

£

£

FIXED ASSETS

   

 

Tangible assets

4

 

32,553

 

35,936

Investment property

5

 

975,000

 

975,000

   

1,007,553

 

1,010,936

CURRENT ASSETS

   

 

Debtors

7

1,056,165

 

325,871

 

Other financial assets

6

-

 

771,377

 

Cash at bank and in hand

 

296,600

 

273,095

 

 

1,352,765

 

1,370,343

 

CREDITORS

   

 

Creditors within 1yr

8

272,733

 

332,580

 

Net current assets

   

1,080,032

 

1,037,763

Total assets less current liabilities

   

2,087,585

 

2,048,699

Creditors
Amounts falling due after more than one year

8

 

123,228

 

221,471

PROVISIONS FOR LIABILITIES

 

(96,936)

 

(41,231)

Net assets

   

1,867,421

 

1,785,997

CAPITAL AND RESERVES

   

 

Called up share capital

 

1,000

 

1,000

Other reserves

 

507,949

 

419,558

Profit and loss account

 

1,358,472

 

1,365,439

Shareholders' funds

   

1,867,421

 

1,785,997

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.

 

Chris Kerr Property Services Limited

(Registration number: 02839010)
Balance Sheet as at 31 December 2023 (continued)

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 2 September 2024

.........................................
C Kerr
Director

 

Chris Kerr Property Services 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 address of its registered office is:
77 Goldhawk Road
Shepherd's Bush
London
W12 8EH

These financial statements were authorised for issue by the director on 2 September 2024.

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

Government grants

Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Chris Kerr Property Services Limited

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

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible 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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on 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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3.

Staff numbers

The average number of persons employed by the company during the year, was 13 (2022 - 16).

 

Chris Kerr Property Services Limited

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

4.

Tangible assets

Plant and
machinery
etc
£

Cost or valuation

At 1 January 2023

109,154

Additions

1,403

At 31 December 2023

110,557

Depreciation

At 1 January 2023

73,218

Charge for the year

4,786

At 31 December 2023

78,004

Carrying amount

At 31 December 2023

32,553

At 31 December 2022

35,936

5.

Investment properties

31.12.23
£

At 1 January

975,000

At 31 December

975,000

The properties were revalued at the year on an open market basis by the director and fair value is represented by cost of £467,050 plus revaluation surplus of £507,950 giving a total £975,000.

 

Chris Kerr Property Services Limited

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

6.

Other financial assets (current and non-current)

Total
£

Current asset investments

Cost or valuation

At 1 January 2023

805,947

Additions

100,849

Disposals

(881,111)

Fair value adjustments

(25,685)

At 31 December 2023

-

7.

Debtors

Current

31.12.23
£

31.12.22
£

Trade debtors

221,825

272,096

Prepayments

4,686

40,649

Other debtors

829,654

13,126

 

1,056,165

325,871

8.

Creditors

Creditors: amounts falling due within one year

31.12.23
£

31.12.22
£

Due within one year

Trade creditors

37,007

47,722

Taxation and social security

138,557

82,208

Other creditors

97,169

202,650

272,733

332,580

Other creditors includes £71,419 (2022 - £177,394) relating to director's loan on which no interest or payment terms have been set.

 

Chris Kerr Property Services Limited

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

8

Creditors (continued)

Creditors: amounts falling due after more than one year

Note

31.12.23
£

31.12.22
£

Due after one year

 

Bank loans

117,204

117,142

Other creditors

 

6,024

104,329

 

123,228

221,471

Bank loans are secured by a charge on investment properties.

9.

Provisions for liabilities

Deferred tax
£

At 1 January 2023

41,231

Additional provisions

55,705

At 31 December 2023

96,936

Non-current liabilities

96,936