4KC Developments Limited |
Notes to the Accounts |
for the period from 1 March 2023 to 31 December 2023 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, consisting or agreed rents. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Freehold buildings |
non-depreciating |
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Plant and machinery |
over 5 years |
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Fixtures, fittings, tools and equipment |
over 5 years |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Tax liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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2 |
Employees |
2023 |
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Number |
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Average number of persons employed by the company |
0 |
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3 |
Tangible fixed assets |
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Land and buildings |
£ |
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Cost |
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Additions |
941,181 |
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At 31 December 2023 |
941,181 |
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Depreciation |
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At 31 December 2023 |
- |
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Net book value |
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At 31 December 2023 |
941,181 |
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4 |
Creditors: amounts falling due within one year |
2023 |
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£ |
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Trade creditors |
660 |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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901,750 |
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Taxation and social security costs |
9,479 |
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911,889 |
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5 |
Other information |
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4KC Developments Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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4 Kerrington Court, |
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314 Ladbroke Grove |
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London |
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W10 5NQ |