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REGISTERED NUMBER: 12220445 (England and Wales)















Financial Statements for the Year Ended 30 September 2023

for

Kimmance Property Development &
Consulting Limited

Kimmance Property Development &
Consulting Limited (Registered number: 12220445)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Kimmance Property Development &
Consulting Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: N G Kimmance
Mrs R Kimmance





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 12220445 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Kimmance Property Development &
Consulting Limited (Registered number: 12220445)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,737 484
Investments 5 - 2,000,000
Investment property 6 522,245 941,581
538,982 2,942,065

CURRENT ASSETS
Stocks - 1,100,110
Debtors 7 359,313 877,611
Cash at bank 21,287 2,250,712
380,600 4,228,433
CREDITORS
Amounts falling due within one year 8 388,216 123,237
NET CURRENT (LIABILITIES)/ASSETS (7,616 ) 4,105,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

531,366

7,047,261

CREDITORS
Amounts falling due after more than
one year

9

-

(99,951

)

PROVISIONS FOR LIABILITIES - (312,321 )
NET ASSETS 531,366 6,634,989

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 531,266 6,634,889
531,366 6,634,989

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

Kimmance Property Development &
Consulting Limited (Registered number: 12220445)

Balance Sheet - continued
30 September 2023


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 5 September 2024 and were signed on its behalf by:





N G Kimmance - Director


Kimmance Property Development &
Consulting Limited (Registered number: 12220445)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Kimmance Property Development & Consulting Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover represents the fair value of the consideration of rents received excluding value added tax. Turnover is recognised in the period to which it relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investment in subsidiary undertakings are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.


Kimmance Property Development &
Consulting Limited (Registered number: 12220445)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
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 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 (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 1,219
Additions 22,077
At 30 September 2023 23,296
DEPRECIATION
At 1 October 2022 735
Charge for year 5,824
At 30 September 2023 6,559
NET BOOK VALUE
At 30 September 2023 16,737
At 30 September 2022 484

Kimmance Property Development &
Consulting Limited (Registered number: 12220445)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST OR VALUATION
At 1 October 2022 2,000,000
Impairments (2,000,000 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 2,000,000

Cost or valuation at 30 September 2023 is represented by:

Shares in
group
undertakings
£   
Valuation in 2020 1,999,980
Valuation in 2023 (2,000,000 )
Cost 20

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022 941,581
Additions 453,034
Disposals (872,370 )
At 30 September 2023 522,245
NET BOOK VALUE
At 30 September 2023 522,245
At 30 September 2022 941,581

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed by associates - 868,945
Other debtors 359,313 8,666
359,313 877,611

Kimmance Property Development &
Consulting Limited (Registered number: 12220445)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade creditors 13,152 38,756
Amounts owed to participating interests 360,045 -
Taxation and social security 12,349 26,351
Other creditors 2,670 58,130
388,216 123,237

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans - 99,951

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after 5 years - 99,951

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Bank loans - 99,951

11. RELATED PARTY DISCLOSURES

Included in creditors is £360,045 (2022: £868,945 debtor) due to related parties.
The loan is interest free and repayable on demand.