Company Registration No. 09474209 (England and Wales)
Stephen Bailey-kennedy Property Consultants Limited
Unaudited accounts
for the year ended 31 March 2024
Stephen Bailey-kennedy Property Consultants Limited
Unaudited accounts
Contents
Stephen Bailey-kennedy Property Consultants Limited
Company Information
for the year ended 31 March 2024
Director
Stephen Bailey Kennedy
Secretary
Sally Bailey Kennedy
Company Number
09474209 (England and Wales)
Registered Office
Meadow View
Westfield Road
Long Crendon
Aylesbury
Buckinghamshire
HP18 9EG
England
Accountants
Blue Cube Accountants Limited
Britwell Grange
Britwell Road
Burnham
SL1 8DF
Stephen Bailey-kennedy Property Consultants Limited
Statement of financial position
as at 31 March 2024
Tangible assets
24,527
28,855
Cash at bank and in hand
3,134
1,658
Creditors: amounts falling due within one year
(14,300)
(20,494)
Net current liabilities
(10,446)
(10,623)
Total assets less current liabilities
14,081
18,232
Creditors: amounts falling due after more than one year
(15,732)
(17,635)
Net (liabilities)/assets
(1,651)
597
Called up share capital
100
100
Profit and loss account
(1,751)
497
Shareholders' funds
(1,651)
597
For the year 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 director acknowledges his 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 and authorised for issue on 28 October 2024 and were signed on its behalf by
Stephen Bailey Kennedy
Director
Company Registration No. 09474209
Stephen Bailey-kennedy Property Consultants Limited
Notes to the Accounts
for the year ended 31 March 2024
Stephen Bailey-kennedy Property Consultants Limited is a private company, limited by shares, registered in England and Wales, registration number 09474209. The registered office is Meadow View, Westfield Road, Long Crendon, Aylesbury, Buckinghamshire, HP18 9EG, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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:
Motor vehicles
15% Reducing Balance
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 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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stephen Bailey-kennedy Property Consultants Limited
Notes to the Accounts
for the year ended 31 March 2024
3
Tangible fixed assets
Motor vehicles
Amounts falling due within one year
5
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,903
1,903
Taxes and social security
4,673
1,258
Loans from directors
4,051
14,902
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
15,732
17,635
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).