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REGISTERED NUMBER: 06419630 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

KINGSTON CITY PROPERTIES LIMITED

KINGSTON CITY PROPERTIES LIMITED (REGISTERED NUMBER: 06419630)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


KINGSTON CITY PROPERTIES LIMITED (REGISTERED NUMBER: 06419630)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,440 34,963
27,440 34,963

CURRENT ASSETS
Debtors 6 30,224 25,559
Cash at bank 511,853 558,602
542,077 584,161
CREDITORS
Amounts falling due within one year 7 538,636 545,708
NET CURRENT ASSETS 3,441 38,453
TOTAL ASSETS LESS CURRENT LIABILITIES 30,881 73,416

CREDITORS
Amounts falling due after more than one year 8 29,787 45,000
NET ASSETS 1,094 28,416

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 994 28,316
SHAREHOLDERS' FUNDS 1,094 28,416

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.

KINGSTON CITY PROPERTIES LIMITED (REGISTERED NUMBER: 06419630)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





Mr K Khan - Director


KINGSTON CITY PROPERTIES LIMITED (REGISTERED NUMBER: 06419630)

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


1. STATUTORY INFORMATION

Kingston City Properties Limited is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 06419630

Registered office: 91 Wyeverne Road
Cathays
Cardiff
South Glamorgan
CF24 4BG

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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


KINGSTON CITY PROPERTIES LIMITED (REGISTERED NUMBER: 06419630)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 59,500
AMORTISATION
At 1 April 2023
and 31 March 2024 59,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

KINGSTON CITY PROPERTIES LIMITED (REGISTERED NUMBER: 06419630)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 105,949 176,578 282,527
Additions 2,495 - 2,495
Disposals (942 ) - (942 )
At 31 March 2024 107,502 176,578 284,080
DEPRECIATION
At 1 April 2023 93,492 154,072 247,564
Charge for year 3,450 5,626 9,076
At 31 March 2024 96,942 159,698 256,640
NET BOOK VALUE
At 31 March 2024 10,560 16,880 27,440
At 31 March 2023 12,457 22,506 34,963

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 14,999 12,154
Deferred tax asset 10,496 9,416
Prepayments 4,729 3,989
30,224 25,559

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

20242023
£ £

Bank loans and overdrafts (see note 11)5,3315,185
Hire purchase contracts (see note 12)9,8532,470
Trade creditors7,9091,822
Taxation and social security 58,86755,445
Accruals and deferred income45,8143,803
Other creditors410,862476,983
538,636545,708

KINGSTON CITY PROPERTIES LIMITED (REGISTERED NUMBER: 06419630)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 9) 29,787 35,147
Hire purchase contracts (see note 10) - 9,853
29,787 45,000

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,331 5,185

Amounts falling due between one and two years:
Bank loans - 1-2 years 29,787 35,147

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 9,853 2,470
Between one and five years - 9,853
9,853 12,323

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
30 Ordinary B £1 30 30
20 Ordinary C £1 20 20
100 100