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REGISTERED NUMBER: 13214893 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Kingston Park Properties Limited

Kingston Park Properties Limited (Registered number: 13214893)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kingston Park Properties Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: P M Bond
Dr G M Arbuckle





REGISTERED OFFICE: 3-5 Grange Terrace
Stockton Road
Sunderland
Tyne And Wear
SR2 7DG





REGISTERED NUMBER: 13214893 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Kingston Park Properties Limited (Registered number: 13214893)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,620 379,608
Investment property 5 453,380 -
455,000 379,608

CURRENT ASSETS
Debtors 6 2,058 1,951
Cash at bank 5,986 2,705
8,044 4,656
CREDITORS
Amounts falling due within one year 7 288,682 231,223
NET CURRENT LIABILITIES (280,638 ) (226,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

174,362

153,041

CREDITORS
Amounts falling due after more than one
year

8

(145,663

)

(131,264

)

PROVISIONS FOR LIABILITIES (308 ) (260 )
NET ASSETS 28,391 21,517

CAPITAL AND RESERVES
Called up share capital 22 22
Retained earnings 28,369 21,495
SHAREHOLDERS' FUNDS 28,391 21,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Kingston Park Properties Limited (Registered number: 13214893)

Statement of Financial Position - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2024 and were signed on its behalf by:





P M Bond - Director


Kingston Park Properties Limited (Registered number: 13214893)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Kingston Park Properties 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - not provided
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% Straight line

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.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - 2 ) .

Kingston Park Properties Limited (Registered number: 13214893)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 378,239 745 967 379,951
Additions - - 580 580
Reclassification/transfer (378,239 ) - - (378,239 )
At 31 March 2024 - 745 1,547 2,292
DEPRECIATION
At 1 April 2023 - 6 337 343
Charge for year - 74 255 329
At 31 March 2024 - 80 592 672
NET BOOK VALUE
At 31 March 2024 - 665 955 1,620
At 31 March 2023 378,239 739 630 379,608

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 75,141
Reclassification/transfer 378,239
At 31 March 2024 453,380
NET BOOK VALUE
At 31 March 2024 453,380

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,058 1,951

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,404 5,208
Taxation and social security 1,545 2,030
Other creditors 281,733 223,985
288,682 231,223

Kingston Park Properties Limited (Registered number: 13214893)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 55,663 61,264
Amounts owed to participating interests 90,000 70,000
145,663 131,264

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 34,047 40,432

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 61,067 66,472

The bank loan is secured over the property to which it relates.