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Company Registration No. 12156233 (England and Wales)
Kenuche Property Ltd Filleted accounts for the year ended 31 August 2022
Kenuche Property Ltd Filleted accounts Contents
Page
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Kenuche Property Ltd Company Information for the year ended 31 August 2022
Director
Gerald Ebo Bruce-Baiden
Company Number
12156233 (England and Wales)
Registered Office
16 Peacock Rise Walderslade Chatham ME5 8RN
Accountants
YP Finance Hawthorne House 17A Hawthorne Drive Leicester Leicestershire LE5 6DL
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Kenuche Property Ltd Statement of financial position as at 31 August 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Investment property
747,230 
352,230 
Current assets
Debtors
875 
875 
Cash at bank and in hand
8,359 
18,989 
9,234 
19,864 
Creditors: amounts falling due within one year
(731)
(544)
Net current assets
8,503 
19,320 
Total assets less current liabilities
755,733 
371,550 
Creditors: amounts falling due after more than one year
(760,771)
(382,848)
Net liabilities
(5,038)
(11,298)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(5,039)
(11,299)
Shareholders' funds
(5,038)
(11,298)
For the year ending 31 August 2022 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 September 2024 and were signed on its behalf by
Gerald Ebo Bruce-Baiden Director Company Registration No. 12156233
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Kenuche Property Ltd Notes to the Accounts for the year ended 31 August 2022
1
Statutory information
Kenuche Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 12156233. The registered office is 16 Peacock Rise, Walderslade, Chatham, ME5 8RN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2022 
£ 
Fair value at 1 September 2021
352,230 
Additions
395,000 
At 31 August 2022
747,230 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
875 
875 
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Kenuche Property Ltd Notes to the Accounts for the year ended 31 August 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Accruals
731 
544 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
284,969 
293,827 
Other creditors
475,802 
89,021 
760,771 
382,848 
8
Share capital
2022 
2021 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).
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