Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00305986 2023-01-01 2023-12-31 00305986 2022-01-01 2022-12-31 00305986 2023-12-31 00305986 2022-12-31 00305986 2022-01-01 00305986 c:Director4 2023-01-01 2023-12-31 00305986 d:FreeholdInvestmentProperty 2023-12-31 00305986 d:FreeholdInvestmentProperty 2022-12-31 00305986 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 00305986 d:CurrentFinancialInstruments 2023-12-31 00305986 d:CurrentFinancialInstruments 2022-12-31 00305986 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00305986 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00305986 d:ShareCapital 2023-12-31 00305986 d:ShareCapital 2022-12-31 00305986 d:RevaluationReserve 2023-12-31 00305986 d:RevaluationReserve 2022-12-31 00305986 d:RetainedEarningsAccumulatedLosses 2023-12-31 00305986 d:RetainedEarningsAccumulatedLosses 2022-12-31 00305986 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00305986 c:OrdinaryShareClass1 2023-12-31 00305986 c:OrdinaryShareClass1 2022-12-31 00305986 c:FRS102 2023-01-01 2023-12-31 00305986 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00305986 c:FullAccounts 2023-01-01 2023-12-31 00305986 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00305986 d:OtherDeferredTax 2023-12-31 00305986 d:OtherDeferredTax 2022-12-31 00305986 f:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 00305986










KENMORE PROPERTIES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023



 
KENMORE PROPERTIES LIMITED
REGISTERED NUMBER: 00305986

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
                                                               Note
£
£

Fixed assets
  

Investment property
 4 
4,185,000
3,426,024

Current assets
  

Debtors: amounts falling due within one year
 5 
45,764
40,554

Cash at bank and in hand
 6 
12,360
41,854

  
58,124
82,408

Creditors: amounts falling due within one year
 7 
(29,399)
(44,111)

Net current assets
  
 
 
28,725
 
 
38,297

Total assets less current liabilities
  
4,213,725
3,464,321

Provisions for liabilities
  

Deferred tax
 8 
(561,847)
(322,917)

Net assets
  
3,651,878
3,141,404


Capital and reserves
  

Called up share capital 
 9 
1,000
1,000

Investment property revaluation reserve
  
2,206,151
1,686,105

Profit and loss account
  
1,444,727
1,454,299

  
3,651,878
3,141,404


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

M Jaffe
Director
Date: 10 September 2024

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
KENMORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

The Company is a private Company, limited by shares and registered in England and Wales. Its registered number is 00305986 and its registered office is 2 Communications Road, Greenham Business Park,  Newbury, Berkshire RG19 6AB.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Turnover

Turnover comprises rental income from operating leases which is credited to the Profit and loss account on a straight line basis over the term of the relevant lease.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. 

 
2.5

Investment property

Investment property is included in the financial statements at fair value determined annually by the directors or external valuers and derived from the current market rents and investment property yields for comparable property, adjusted if necessary for any difference in nature, location or condition of the specific asset. It is not depreciated. Changes in fair value are recognised in the Profit and loss account initially. These gains net of deferred tax are subsequently transferred to a separate Investment Property Revaluation Reserve.

Page 2

 
KENMORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
3,426,024


Surplus on revaluation
758,976



At 31 December 2023
4,185,000

The 2023 valuations were made by Smith and Sons property consultants, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,427,298
1,427,298

Page 3

 
KENMORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
37,156
29,534

Prepayments and accrued income
8,608
11,020

45,764
40,554



6.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
12,360
41,854



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
22,573
37,280

Other taxation and social security
456
500

Accruals and deferred income
6,370
6,331

29,399
44,111



8.


Deferred taxation




2023
2022


£

£






At beginning of year
(322,917)
(322,917)


Charged to profit or loss
(238,930)
-



At end of year
(561,847)
(322,917)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Tax on fair value capital gains
561,847
322,917

Page 4

 
KENMORE PROPERTIES LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1,000 (2022 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



Page 5