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REGISTERED NUMBER: 05046688 (England and Wales)















KINARD LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






KINARD LIMITED (REGISTERED NUMBER: 05046688)






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


KINARD LIMITED

Company Information
for the year ended 31 December 2023







DIRECTOR: M Page





REGISTERED OFFICE: Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ





REGISTERED NUMBER: 05046688 (England and Wales)





ACCOUNTANTS: Tudor John Limited
Nightingale House
46-48 East Street
Epsom
Surrey
KT17 1HQ

KINARD LIMITED (REGISTERED NUMBER: 05046688)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,000,000 2,000,000

CURRENT ASSETS
Debtors 5 - 101,817
Cash at bank - 1
- 101,818
CREDITORS
Amounts falling due within one year 6 222 3,097
NET CURRENT (LIABILITIES)/ASSETS (222 ) 98,721
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,999,778

2,098,721

PROVISIONS FOR LIABILITIES 7 77,167 77,167
NET ASSETS 1,922,611 2,021,554

CAPITAL AND RESERVES
Called up share capital 8 8
Fair value reserve 8 252,902 252,902
Retained earnings 8 1,669,701 1,768,644
SHAREHOLDERS' FUNDS 1,922,611 2,021,554

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 director acknowledges his 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.

KINARD LIMITED (REGISTERED NUMBER: 05046688)

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 September 2024 and were signed by:





M Page - Director


KINARD LIMITED (REGISTERED NUMBER: 05046688)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Kinard 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the financial statements in accordance with UK GAAP requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the pried of revision and future periods if the revision affects both the current and future periods.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.


KINARD LIMITED (REGISTERED NUMBER: 05046688)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

FINANCIAL INSTRUMENTS
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,000,000
NET BOOK VALUE
At 31 December 2023 2,000,000
At 31 December 2022 2,000,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2019 454,817
Valuation in 2022 (118,600 )
Cost 1,663,783
2,000,000

The property was revalued by the director as of 31 December 2023 on a rental yield basis.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings - 101,817

KINARD LIMITED (REGISTERED NUMBER: 05046688)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 222 3,097

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 77,167 77,167

Deferred
tax
£   
Balance at 1 January 2023 77,167
Balance at 31 December 2023 77,167

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 1,768,644 252,902 2,021,546
Profit for the year - -
Dividends (98,943 ) (98,943 )
At 31 December 2023 1,669,701 252,902 1,922,603

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The company is under the control of the parent undertaking, Page Bodyshops Limited. The ultimate parent undertaking is Page Holdings Limited and the ultimate controlling party is Mr M L Page.