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REGISTERED NUMBER: 05388303 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Kinch Accommodation Limited

Kinch Accommodation Limited (Registered number: 05388303)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


Kinch Accommodation Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr S F Kinch
Mrs S J Kinch





SECRETARY: Mrs M B Kinch





REGISTERED OFFICE: Unit 5
The Quays
Burton Water
Lincoln
Lincolnshire
LN1 2XG





REGISTERED NUMBER: 05388303 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kinch Accommodation Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kinch Accommodation Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kinch Accommodation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kinch Accommodation Limited and state those matters that we have agreed to state to the Board of Directors of Kinch Accommodation Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kinch Accommodation Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kinch Accommodation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kinch Accommodation Limited. You consider that Kinch Accommodation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kinch Accommodation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


Date: .............................................

Kinch Accommodation Limited (Registered number: 05388303)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 118,118 223,710
Investments 5 254,218 254,218
Investment property 6 3,005,072 2,781,412
3,377,408 3,259,340

CURRENT ASSETS
Stocks - 96,511
Debtors 7 441,896 261,804
Cash at bank 63,598 58,860
505,494 417,175
CREDITORS
Amounts falling due within one year 8 409,221 339,995
NET CURRENT ASSETS 96,273 77,180
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,473,681

3,336,520

CREDITORS
Amounts falling due after more than one
year

9

(2,499,320

)

(2,521,989

)

PROVISIONS FOR LIABILITIES (61,822 ) (69,724 )
NET ASSETS 912,539 744,807

CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve 12 137,664 137,664
Retained earnings 774,775 607,043
SHAREHOLDERS' FUNDS 912,539 744,807

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.

Kinch Accommodation Limited (Registered number: 05388303)

Balance Sheet - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:





Mr S F Kinch - Director


Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Kinch Accommodation 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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 108,711 141,000 5,042 254,753
Additions 31,195 - - 31,195
Disposals (9,601 ) (112,000 ) - (121,601 )
At 31 March 2024 130,305 29,000 5,042 164,347
DEPRECIATION
At 1 April 2023 15,881 14,236 926 31,043
Charge for year 23,555 14,307 1,008 38,870
Eliminated on disposal (2,657 ) (21,027 ) - (23,684 )
At 31 March 2024 36,779 7,516 1,934 46,229
NET BOOK VALUE
At 31 March 2024 93,526 21,484 3,108 118,118
At 31 March 2023 92,830 126,764 4,116 223,710

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 254,218
NET BOOK VALUE
At 31 March 2024 254,218
At 31 March 2023 254,218

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated companies

Listers Timber & Builders Merchants Ltd
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary C 49.00

Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

Fytche-Taylor Planning Limited
Registered office:
Nature of business:
%
Class of shares: holding
Ordinary 50.00

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 2,781,412
Additions 223,660
At 31 March 2024 3,005,072
NET BOOK VALUE
At 31 March 2024 3,005,072
At 31 March 2023 2,781,412

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 66,441
Valuation in 2022 103,515
Valuation in 2024 223,660
Cost 2,611,456
3,005,072

If investment property had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 2,611,456 2,611,456

Investment property was valued on an open market basis on 31 March 2024 by Mr S Kinch .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,105 2,352
Other debtors 432,791 259,452
441,896 261,804

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 22,895 23,906
Trade creditors 35,445 6,332
Taxation and social security 2,340 6,378
Other creditors 348,541 303,379
409,221 339,995

Kinch Accommodation Limited (Registered number: 05388303)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 499,320 521,989
Other creditors 2,000,000 2,000,000
2,499,320 2,521,989

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than five years repayable
by instalments

434,122

443,214

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 498,980 512,736

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
25 Ordinary B £1 25 25
75 Ordinary A £1 75 75
100 100

12. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 137,664