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REGISTERED NUMBER: 03713234 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Kelsall Properties Limited

Kelsall Properties Limited (Registered number: 03713234)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Kelsall Properties Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr J P King
Mrs E M Hulse





SECRETARY: Mrs E M Hulse





REGISTERED OFFICE: 22 - 28 Willow Street
Accrington
Lancashire
BB5 1LP





REGISTERED NUMBER: 03713234 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

Kelsall Properties Limited (Registered number: 03713234)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 765,059 782,610
Investment property 5 923,544 1,113,544
1,688,603 1,896,154

CURRENT ASSETS
Debtors 1,503 360
Cash at bank 442,696 183,685
444,199 184,045
CREDITORS
Amounts falling due within one year 8,545 8,603
NET CURRENT ASSETS 435,654 175,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,124,257

2,071,596

CREDITORS
Amounts falling due after more than one
year

(738

)

(738

)

PROVISIONS FOR LIABILITIES (23,146 ) (15,003 )
NET ASSETS 2,100,373 2,055,855

CAPITAL AND RESERVES
Called up share capital 6 405,006 405,006
Capital redemption reserve 70,000 70,000
Retained earnings 1,625,367 1,580,849
2,100,373 2,055,855

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.

Kelsall Properties Limited (Registered number: 03713234)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 September 2024 and were signed on its behalf by:





Mrs E M Hulse - Director


Kelsall Properties Limited (Registered number: 03713234)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Kelsall Properties 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receivable.


Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Kelsall Properties Limited (Registered number: 03713234)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST OR VALUATION
At 1 April 2023 782,610
Additions 84,702
Disposals (121,800 )
Revaluations 19,547
At 31 March 2024 765,059
NET BOOK VALUE
At 31 March 2024 765,059
At 31 March 2023 782,610

Cost or valuation at 31 March 2024 is represented by:
Totals
£   
Valuation in 2024 93,946
Cost 671,113
765,059

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,113,544
Disposals (190,000 )
At 31 March 2024 923,544
NET BOOK VALUE
At 31 March 2024 923,544
At 31 March 2023 1,113,544

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 135,204
Cost 788,340
923,544

6. CALLED UP SHARE CAPITAL

31/3/23 31/3/22
£ £
Allotted, issued and fully paid
Ordinary shares of £1 each
At 1 April 2022/ 31 March 2023 405,006 405,006