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REGISTERED NUMBER: 09167592 (England and Wales)














Unaudited Financial Statements

for the Year Ended 29 March 2024

for

Kingsley Residential Homes Limited

Kingsley Residential Homes Limited (Registered number: 09167592)






Contents of the Financial Statements
for the Year Ended 29 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Kingsley Residential Homes Limited (Registered number: 09167592)

Balance Sheet
29 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 451,611 401,684

CURRENT ASSETS
Debtors 5 40,290 21,737
Cash at bank and in hand 672 29,483
40,962 51,220
CREDITORS
Amounts falling due within one year 6 365,200 337,416
NET CURRENT LIABILITIES (324,238 ) (286,196 )
TOTAL ASSETS LESS CURRENT LIABILITIES 127,373 115,488

PROVISIONS FOR LIABILITIES 33,062 31,029
NET ASSETS 94,311 84,459

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 94,211 84,359
SHAREHOLDERS' FUNDS 94,311 84,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 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.

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 23 August 2024 and were signed on its behalf by:





H S Kandola - Director


Kingsley Residential Homes Limited (Registered number: 09167592)

Notes to the Financial Statements
for the Year Ended 29 March 2024

1. STATUTORY INFORMATION

Kingsley Residential Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09167592

Registered office: 23 Kingsfield Oval
Basford
Stoke-on-Trent
Staffordshire
ST4 6HN

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - NIL % per annum
Fixtures and fittings - 20% 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.

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.

Kingsley Residential Homes Limited (Registered number: 09167592)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 30 March 2023 354,762 77,058 431,820
Additions 56,819 3,116 59,935
At 29 March 2024 411,581 80,174 491,755
DEPRECIATION
At 30 March 2023 - 30,136 30,136
Charge for year - 10,008 10,008
At 29 March 2024 - 40,144 40,144
NET BOOK VALUE
At 29 March 2024 411,581 40,030 451,611
At 29 March 2023 354,762 46,922 401,684

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,982 21,614
Amounts owed by associates 13,515 -
Other debtors 793 123
40,290 21,737

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 39,120 -
Trade creditors - 1,816
Amounts owed to group undertakings 244,017 227,842
Amounts owed to associates - 14,083
Taxation and social security 74,919 49,300
Other creditors 7,144 44,375
365,200 337,416

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 39,120 -

The overdraft is secured against the company assets.

Kingsley Residential Homes Limited (Registered number: 09167592)

Notes to the Financial Statements - continued
for the Year Ended 29 March 2024

8. OTHER FINANCIAL COMMITMENTS

There is a fixed and floating charge over the property and assets of the company as part of the cross guarantee arrangements with its bankers in respect of the group's bank lending. At the year end the group's bank lending amounted to £288,531.

9. ULTIMATE CONTROLLING PARTY

The controlling party is S H K Investments Ltd.