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 5,395,000 1,956,431 1,306,431 6,045,000 6,045,000 5,395,000 xbrli:pure xbrli:shares iso4217:GBP 12356088 2022-12-31 2023-12-30 12356088 2023-12-30 12356088 2022-12-30 12356088 2022-01-01 2022-12-30 12356088 2022-12-30 12356088 2021-12-31 12356088 bus:Director1 2022-12-31 2023-12-30 12356088 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-31 2023-12-30 12356088 core:WithinOneYear 2023-12-30 12356088 core:WithinOneYear 2022-12-30 12356088 core:AfterOneYear 2023-12-30 12356088 core:AfterOneYear 2022-12-30 12356088 core:ShareCapital 2023-12-30 12356088 core:ShareCapital 2022-12-30 12356088 core:RetainedEarningsAccumulatedLosses 2023-12-30 12356088 core:RetainedEarningsAccumulatedLosses 2022-12-30 12356088 core:LandBuildings core:OwnedOrFreeholdAssets 2023-12-30 12356088 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-30 12356088 core:LandBuildings core:OwnedOrFreeholdAssets 2022-12-30 12356088 bus:SmallEntities 2022-12-31 2023-12-30 12356088 bus:Audited 2022-12-31 2023-12-30 12356088 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 12356088 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 12356088 bus:FullAccounts 2022-12-31 2023-12-30
COMPANY REGISTRATION NUMBER: 12356088
LITTLE KELHAM INVESTMENTS LTD
FILLETED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 December 2023
LITTLE KELHAM INVESTMENTS LTD
STATEMENT OF FINANCIAL POSITION
30 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
5
6,045,000
5,395,000
CURRENT ASSETS
Debtors
6
213,300
86,288
Cash at bank and in hand
103,526
58,274
---------
---------
316,826
144,562
CREDITORS: amounts falling due within one year
7
( 1,054,830)
( 149,981)
------------
---------
NET CURRENT LIABILITIES
( 738,004)
( 5,419)
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
5,306,996
5,389,581
CREDITORS: amounts falling due after more than one year
8
( 5,171,933)
( 3,680,632)
PROVISIONS
( 25,006)
( 273,228)
------------
------------
NET ASSETS
110,057
1,435,721
------------
------------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
109,957
1,435,621
---------
------------
SHAREHOLDERS FUNDS
110,057
1,435,721
---------
------------
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.
LITTLE KELHAM INVESTMENTS LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 December 2023
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: 12356088
LITTLE KELHAM INVESTMENTS 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 Phoenix Yard, 5-9 Upper Brown Street, Leicester, LE1 5TE, 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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises rents received, excluding Value Added Tax.
Income tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
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. TAX ON (LOSS)/PROFIT
Major components of tax (income)/expense
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Period from
Year to
1 Jan 22 to
30 Dec 23
30 Dec 22
£
£
Deferred tax:
Origination and reversal of timing differences
( 248,222)
52,250
---------
--------
Tax on (loss)/profit
( 248,222)
52,250
---------
--------
5. TANGIBLE ASSETS
Investment property
£
Cost or valuation
At 31 December 2022
5,395,000
Additions
1,956,431
Revaluations
( 1,306,431)
------------
At 30 December 2023
6,045,000
------------
Depreciation
At 31 December 2022 and 30 December 2023
------------
Carrying amount
At 30 December 2023
6,045,000
------------
At 30 December 2022
5,395,000
------------
The investment properties were valued by the director, on an open market basis, as at 30th December 2023.
6. DEBTORS
2023
2022
£
£
Trade debtors
13,300
86,288
Amounts owed by group undertakings and undertakings in which the company has a participating interest
200,000
---------
--------
213,300
86,288
---------
--------
7. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
13,278
4,809
Amounts owed to group undertakings and undertakings in which the company has a participating interest
78,562
Social security and other taxes
26,378
38,896
Amounts due to related companies
751,632
Other creditors
263,542
27,714
------------
---------
1,054,830
149,981
------------
---------
8. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
5,171,933
3,680,632
------------
------------
9. 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 .