Kip Hill Holdings Ltd |
Notes to the Accounts |
for the year ended 31 May 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Other debtors |
34 |
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- |
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4 |
Creditors: amounts falling due within one year |
2024 |
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2023 |
£ |
£ |
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Trade creditors |
184 |
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117 |
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Other creditors |
650 |
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400 |
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834 |
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517 |
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5 |
Loans to directors |
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Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
£ |
£ |
£ |
£ |
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P Harold |
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Directors Loan Account |
400 |
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- |
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250 |
|
650 |
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|
400 |
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- |
|
250 |
|
650 |
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6 |
Controlling party |
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The company was controlled by its directors. |
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7 |
Other information |
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Kip Hill Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
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Meldrew House |
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Kip Hill |
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Stanley |
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Co Durham |
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DH9 0LJ |