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REGISTERED NUMBER: 04623686 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KENILWORTH PROPERTY SERVICES LIMITED

KENILWORTH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04623686)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENILWORTH PROPERTY SERVICES LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: T J Griffin
Mrs H Griffin





SECRETARY: T J Griffin





REGISTERED OFFICE: 15 Rouncil Lane
Kenilworth
Warwickshire
CV8 1FF





REGISTERED NUMBER: 04623686 (England and Wales)

KENILWORTH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04623686)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,086 -
Investment property 5 1,400,043 1,400,043
1,405,129 1,400,043

CURRENT ASSETS
Stocks 13,131 4,660
Debtors 6 181,307 -
Cash at bank 25,067 18,121
219,505 22,781
CREDITORS
Amounts falling due within one year 7 55,691 99,029
NET CURRENT ASSETS/(LIABILITIES) 163,814 (76,248 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,568,943

1,323,795

CREDITORS
Amounts falling due after more than one
year

8

(774,847

)

(539,769

)

PROVISIONS FOR LIABILITIES (67,416 ) (66,451 )
NET ASSETS 726,680 717,575

CAPITAL AND RESERVES
Called up share capital 26,400 26,400
Revaluation reserve 10 495,209 495,209
Retained earnings 205,071 195,966
SHAREHOLDERS' FUNDS 726,680 717,575

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

KENILWORTH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04623686)

BALANCE SHEET - continued
31 December 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 9 September 2024 and were signed on its behalf by:





T J Griffin - Director


KENILWORTH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04623686)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Kenilworth Property Services 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.

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.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years

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.

Work in progress
Work on properties is held as work in progress until completion and then transferred to investment property.

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).

KENILWORTH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04623686)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2023 39,213
Additions 6,103
At 31 December 2023 45,316
DEPRECIATION
At 1 January 2023 39,213
Charge for year 1,017
At 31 December 2023 40,230
NET BOOK VALUE
At 31 December 2023 5,086
At 31 December 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,400,043
NET BOOK VALUE
At 31 December 2023 1,400,043
At 31 December 2022 1,400,043

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 1,400,043

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 181,307 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,320 33,600
Trade creditors 15,858 28,100
Tax 1,169 1,640
Other creditors 27,344 35,689
55,691 99,029

KENILWORTH PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 04623686)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 207,070 10,992
Other creditors 567,777 528,777
774,847 539,769

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 218,390 44,592

The bank loans and overdrafts are secured on the Investment Properties.

10. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 495,209