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REGISTERED NUMBER: 11735328 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

WEST KENSINGTON PROPERTY LTD

WEST KENSINGTON PROPERTY LTD (REGISTERED NUMBER: 11735328)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WEST KENSINGTON PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr S Hardas





REGISTERED OFFICE: 12 Cottingham Rd
London
SW8 1LQ





REGISTERED NUMBER: 11735328 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02 High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

WEST KENSINGTON PROPERTY LTD (REGISTERED NUMBER: 11735328)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,192,927 2,191,073
Investment property 5 1,696,835 1,696,835
3,889,762 3,887,908

CURRENT ASSETS
Investments 6 52,660 28,710
Cash at bank 28,877 55,303
81,537 84,013
CREDITORS
Amounts falling due within one year 7 188,362 197,132
NET CURRENT LIABILITIES (106,825 ) (113,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,782,937

3,774,789

CREDITORS
Amounts falling due after more than one
year

8

(3,492,003

)

(3,490,825

)

PROVISIONS FOR LIABILITIES 10 (32,300 ) (32,300 )
NET ASSETS 258,634 251,664

CAPITAL AND RESERVES
Called up share capital 11 1 1
Special reserve 137,700 137,700
Retained earnings 120,933 113,963
SHAREHOLDERS' FUNDS 258,634 251,664

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 director acknowledges his 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.

WEST KENSINGTON PROPERTY LTD (REGISTERED NUMBER: 11735328)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





Mr S Hardas - Director


WEST KENSINGTON PROPERTY LTD (REGISTERED NUMBER: 11735328)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

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

INVESTMENT PROPERTY

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
31.3.24 31.3.23
£    £   
Investment in LLP 2,192,927 2,191,073

WEST KENSINGTON PROPERTY LTD (REGISTERED NUMBER: 11735328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 1,696,835
Net book value
At 31 March 2024 1,696,835
At 31 March 2023 1,696,835

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2021 170,000
Cost 1,526,835
1,696,835

6. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Investment in LLP 52,660 28,710

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security - 15,360
Other creditors 188,362 181,772
188,362 197,132

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 9) 3,492,003 3,490,825

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,492,003 3,490,825

WEST KENSINGTON PROPERTY LTD (REGISTERED NUMBER: 11735328)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 3,492,003 3,490,825

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 32,300 32,300

Deferred
tax
£   
Balance at 1 April 2023 32,300
Balance at 31 March 2024 32,300

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1 ordinary share 1 1 1