Company Registration No. 08043971 (England and Wales)
Kemp Private Finance Limited
Unaudited accounts
for the period from 1 May 2023 to 31 March 2024
Kemp Private Finance Limited
Company Information
for the period from 1 May 2023 to 31 March 2024
Directors
Stevie Esther Mahoney
Timothy Clifford Kemp
Company Number
08043971 (England and Wales)
Registered Office
9-11 New Broadway
London
W5 5AW
England
Accountants
Cloud Tax Ltd
9-11 New Broadway
Ealing
London
W5 5AW
Kemp Private Finance Limited
Statement of financial position
as at 31 March 2024
Tangible assets
2,788
3,718
Cash at bank and in hand
33,948
78,800
Creditors: amounts falling due within one year
(65,695)
(73,283)
Net current assets
291,251
169,827
Total assets less current liabilities
294,039
173,545
Creditors: amounts falling due after more than one year
(10,676)
(18,433)
Provisions for liabilities
Net assets
283,363
154,183
Called up share capital
101
101
Profit and loss account
283,262
154,082
Shareholders' funds
283,363
154,183
For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2024 and were signed on its behalf by
Timothy Clifford Kemp
Director
Company Registration No. 08043971
Kemp Private Finance Limited
Notes to the Accounts
for the period from 1 May 2023 to 31 March 2024
Kemp Private Finance Limited is a private company, limited by shares, registered in England and Wales, registration number 08043971. The registered office is 9-11 New Broadway, London, W5 5AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the period from 1 May 2023 to 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing Balance
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Tangible fixed assets
Fixtures & fittings
Kemp Private Finance Limited
Notes to the Accounts
for the period from 1 May 2023 to 31 March 2024
Amounts falling due within one year
Amounts due from group undertakings etc.
148,210
64,910
Accrued income and prepayments
-
52,500
Other debtors
174,788
17,900
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,386
8,386
Taxes and social security
53,777
61,655
Loans from directors
364
1,082
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Creditors: amounts falling due after more than one year
2024
2023
As at 31st March 2024, the director Mr. Timothy Kemp owes £155,888 (2023: £1,082 credit) to the company.
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Average number of employees
During the period the average number of employees was 1 (2023: 2).