KES85 LIMITED

Company Registration Number:
13760803 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

KES85 LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

KES85 LIMITED

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Principal activities of the company

Kes85 Limited Registered Number: 13760803 Director's Report The directors present the financial statement for the year ended 30 November 2022. The company was incorporated on 21 November 2021. This is the first set of financial accounts. Principle Activity The company's principal activity is owning a residential property and renting it out. The property owned is 70 King Edward VII Apartments, Kings Drive, Midhurst, West Sussex, GU29 0EY. The company has no employees. Directors The following persons served as directors during the year: A Hattingh G Strydom Small Company Provisions The company is exempt from an audit under section 447 of the Companies Act 2006 relating to small companies. Therefore, the directors have not required the company to obtain an Audit under the Companies Act 2006. The accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-Entities Regime. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparations of the financial accounts. The report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies’ regime. The company's registered office is at 85 King Edward VII Apartments, Kings Drive, Midhurst, England, GU29 0EY. The report was approved on 1 August 2023 and signed on its behalf. A Hattingh Director



Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Andre Hattingh
Gerhard Strydom


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 August 2024

And signed on behalf of the board by:
Name: Andre Hattingh
Status: Director

KES85 LIMITED

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 14,040 9,540
Cost of sales: ( 14,949 ) ( 23,912 )
Gross profit(or loss): (909) (14,372)
Operating profit(or loss): (909) (14,372)
Profit(or loss) before tax: (909) (14,372)
Profit(or loss) for the financial year: (909) (14,372)

KES85 LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 310,000 310,000
Total fixed assets: 310,000 310,000
Current assets
Stocks:   0 0
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 0 0
Net current assets (liabilities): 0 0
Total assets less current liabilities: 310,000 310,000
Creditors: amounts falling due after more than one year: 4 ( 325,181 ) ( 324,272 )
Total net assets (liabilities): (15,181) (14,272)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (15,281 ) (14,372 )
Total Shareholders' funds: ( 15,181 ) (14,272)

The notes form part of these financial statements

KES85 LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 23 August 2024
and signed on behalf of the board by:

Name: Andre Hattingh
Status: Director

The notes form part of these financial statements

KES85 LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

KES85 LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 0 0

KES85 LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 310,000 310,000
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 310,000 310,000
Depreciation
At 1 December 2022 0 0
Charge for year
On disposals
Other adjustments
At 30 November 2023 0 0
Net book value
At 30 November 2023 310,000 310,000
At 30 November 2022 310,000 310,000

KES85 LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 325,181 324,272
Total 325,181 324,272

KES85 LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Financial Commitments

Kes 85 Limited Registered Number 13760803 Notes to the Financial Statements Accounting Policies The financial statements have been prepared using the historical cost basis in accordance with International Accounting Standards IFRS Principle Activity The company holds a residential property. The property is rented out and generates rental income Property Valuation The property is recorded in the financial statements at its historical acquisition costs The property was acquired on 11 February 2022 for 310000. Stamp duty and legal costs concerning the acquisition amounted to 17760 and are capitalised a total value of 327760 Loan The company obtained a loan from its shareholders to fund the property acquisition. The loan attracts interest with no specific or agreed obligation to repay the principal debt Income The total rental income received during the period amounted to 14040