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REGISTERED NUMBER: 00269507 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Kingston Gorse Estate (Sussex) Limited

Kingston Gorse Estate (Sussex) Limited (Registered number: 00269507)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kingston Gorse Estate (Sussex) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J R Willmott
Mrs J Hopes
Miss S C Ritblat
P J Robinson
M Chatterton





SECRETARY: Hobdens Property Management Limited





REGISTERED OFFICE: 41b Beach Road
Littlehampton
West Sussex
BN17 5JA





REGISTERED NUMBER: 00269507 (England and Wales)





ACCOUNTANTS: Reeves Wilkinson Limited trading as Botting & Co
Chartered Certified Accountants
41b Beach Road
Littlehampton
West Sussex
BN17 5JA

Kingston Gorse Estate (Sussex) Limited (Registered number: 00269507)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 10,852 10,220

CURRENT ASSETS
Debtors 5 3,723 4,592
Cash at bank 220,232 194,965
223,955 199,557
CREDITORS
Amounts falling due within one year 6 (26,403 ) (16,876 )
NET CURRENT ASSETS 197,552 182,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,404

192,901

CAPITAL AND RESERVES
Called up share capital 1,171 1,171
Major works fund 7 47,072 40,982
Retained earnings 7 160,161 150,748
SHAREHOLDERS' FUNDS 208,404 192,901

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





J R Willmott - Director


Kingston Gorse Estate (Sussex) Limited (Registered number: 00269507)

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

1. STATUTORY INFORMATION

Kingston Gorse Estate (Sussex) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 represents the amount of rates receivable during the year from the company's plot holders and road usage charges.

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 etc - 10% on cost and at varying rates on cost

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 1,794 65,020 66,814
Additions - 2,602 2,602
At 31 March 2024 1,794 67,622 69,416
DEPRECIATION
At 1 April 2023 - 56,594 56,594
Charge for year - 1,970 1,970
At 31 March 2024 - 58,564 58,564
NET BOOK VALUE
At 31 March 2024 1,794 9,058 10,852
At 31 March 2023 1,794 8,426 10,220

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Service charge debtors 185 1,896
Other debtors 3,538 2,696
3,723 4,592

Kingston Gorse Estate (Sussex) Limited (Registered number: 00269507)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Service charge creditors 8,522 695
Taxation and social security 1,260 638
Other creditors 16,621 15,543
26,403 16,876

7. RESERVES
Major
Retained works
earnings fund Totals
£    £    £   

At 1 April 2023 150,748 40,982 191,730
Profit for the year 15,503 15,503
Major works fund transfer (6,090 ) 6,090 -
At 31 March 2024 160,161 47,072 207,233

8. GREENSWARD

The company owns certain land on the Estate which includes the Greensward and the verges and estate roads (other than Sea Lane).

No value has been attributed to the land in the accounts, as it is considered vehicular and pedestrian rights of way over the same would effectively prevent them from being sold or developed for any consideration.