0 24 September 2024 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-31 Sage Accounts Production Advanced 2023 - FRS102_2023 1,602 1,602 xbrli:pure xbrli:shares iso4217:GBP 09100773 2022-12-31 2023-12-30 09100773 2023-12-30 09100773 2022-12-30 09100773 2022-01-01 2022-12-30 09100773 2022-12-30 09100773 2021-12-31 09100773 core:PlantMachinery 2022-12-31 2023-12-30 09100773 bus:Director1 2022-12-31 2023-12-30 09100773 core:PlantMachinery 2023-12-30 09100773 core:WithinOneYear 2023-12-30 09100773 core:WithinOneYear 2022-12-30 09100773 core:AfterOneYear 2023-12-30 09100773 core:AfterOneYear 2022-12-30 09100773 core:ShareCapital 2023-12-30 09100773 core:ShareCapital 2022-12-30 09100773 core:RetainedEarningsAccumulatedLosses 2023-12-30 09100773 core:RetainedEarningsAccumulatedLosses 2022-12-30 09100773 bus:SmallEntities 2022-12-31 2023-12-30 09100773 bus:Audited 2022-12-31 2023-12-30 09100773 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 09100773 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 09100773 bus:FullAccounts 2022-12-31 2023-12-30
COMPANY REGISTRATION NUMBER: 09100773
KELHAM CENTRAL LTD
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 December 2023
KELHAM CENTRAL LTD
STATEMENT OF FINANCIAL POSITION
30 December 2023
2023
2022
Note
£
£
£
£
CURRENT ASSETS
Stocks
14,680,082
15,681,535
Debtors
5
5,383,716
381,723
Cash at bank and in hand
35,096
-------------
-------------
20,063,798
16,098,354
CREDITORS: amounts falling due within one year
6
( 3,918,412)
( 1,881,106)
-------------
-------------
NET CURRENT ASSETS
16,145,386
14,217,248
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
16,145,386
14,217,248
CREDITORS: amounts falling due after more than one year
7
( 12,929,513)
( 12,100,777)
PROVISIONS
( 245)
( 245)
-------------
-------------
NET ASSETS
3,215,628
2,116,226
-------------
-------------
CAPITAL AND RESERVES
Called up share capital
150
150
Profit and loss account
3,215,478
2,116,076
------------
------------
SHAREHOLDERS FUNDS
3,215,628
2,116,226
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
These financial statements were approved by the board of directors and authorised for issue on 24 September 2024 , and are signed on behalf of the board by:
C A Thompson
Director
Company registration number: 09100773
KELHAM CENTRAL LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Place, 4 Central Place, Clarence Road, Climate Innovation District, Leeds, LS10 1FB, England.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of development properties sold, exclusive of Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences at the reporting date. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 31 December 2022 and 30 December 2023
1,602
-------
Depreciation
At 31 December 2022 and 30 December 2023
1,602
-------
Carrying amount
At 30 December 2023
-------
At 30 December 2022
-------
5. DEBTORS
2023
2022
£
£
Trade debtors
25,433
65,975
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,307,732
12,000
Other debtors
50,551
303,748
------------
---------
5,383,716
381,723
------------
---------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
30,808
Trade creditors
3,569,193
861,169
Amounts owed to group undertakings and undertakings in which the company has a participating interest
714,108
Social security and other taxes
155,765
66,755
Amounts due to related companies
1,786
Other creditors
160,860
239,074
------------
------------
3,918,412
1,881,106
------------
------------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
12,929,513
12,100,777
-------------
-------------
8. SUMMARY AUDIT OPINION
The auditor's report dated 24 September 2024 was unqualified .
The senior statutory auditor was JEFFREY WINE , for and on behalf of Wine & Co .
9. CONTROLLING PARTY
The ultimate parent of the company is Citu Group Ltd. The registered office of the parent company is The Place, 4 Central Place, Clarence Road, Climate Innovation District, Leeds, England, LS10 1FB.