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Registered Number: 13112432
England and Wales

 

 

 

JOHN KIMPTON PROPERTIES LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2023

End date: 31 January 2024
Directors Tinashe Dzapasi
Albert Dzapasi
Registered Number 13112432
Registered Office 2 The Bungalow
Longfield House, Mortimer Street
Trowbridge
BA14 8BG
Accountants VCK Accounting services
Union house
111 New union street
Coventry
CV1 2NT
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 January 2024
Principal activities
The companys principal activity during the year was of buying and selling of own real estate.
Directors
The directors who served the company throughout the year were as follows:
Tinashe Dzapasi
Albert Dzapasi
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Tinashe Dzapasi
Director
----------------------------------
Albert Dzapasi
Director

Date approved: 29 October 2024
2
Report to the directors on the preparation of the unaudited statutory accounts of John Kimpton Properties Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of John Kimpton Properties Limited for the year ended 31 January 2024 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
This report is made solely to the Board of Directors of John Kimpton Properties Limited, as a body, in accordance with the terms of our engagement letter dated 29 October 2024 Our work has been undertaken solely to prepare for your approval the accounts of John Kimpton Properties Limited and state those matters that we have agreed to state to the Board of Directors of John Kimpton Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than John Kimpton Properties Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that John Kimpton Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of John Kimpton Properties Limited. You consider that John Kimpton Properties Limited is exempt from the statutory audit requirement for the year
We have not been instructed to carry out an audit or a review of the accounts of John Kimpton Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 January 2024



....................................................

VCK Accounting services

Union house
111 New union street
Coventry
CV1 2NT
29 October 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 853,166    502,951 
853,166    502,951 
Current assets      
Debtors 4 43,345   
Cash at bank and in hand 2,275    388 
45,620    388 
Creditors: amount falling due within one year 5 (600)   (600)
Net current assets 45,020    (212)
 
Total assets less current liabilities 898,186    502,739 
Creditors: amount falling due after more than one year 6 (635,835)   (528,177)
Provisions for liabilities 7 (84,645)  
Net assets 177,706    (25,438)
 

Capital and reserves
     
Called up share capital 2    2 
Fair Value Reserves 8 253,935   
Profit and loss account (76,231)   (25,440)
Shareholders' funds 177,706    (25,438)
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 29 October 2024 and were signed on its behalf by:


-------------------------------
Tinashe Dzapasi
Director
-------------------------------
Albert Dzapasi
Director
4
General Information
John Kimpton Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 13112432, registration address 2 The Bungalow, Longfield House, Mortimer Street, Trowbridge, BA14 8BG.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 33.33 Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Land and Buildings   Total
  £   £   £
At 01 February 2023 1,141    501,925    503,066 
Additions 2,796    9,495    12,291 
Disposals    
Revaluations   338,580    338,580 
At 31 January 2024 3,937    850,000    853,937 
Depreciation
At 01 February 2023 115      115 
Charge for year 656      656 
On disposals    
At 31 January 2024 771      771 
Net book values
Closing balance as at 31 January 2024 3,166    850,000    853,166 
Opening balance as at 01 February 2023 1,026    501,925    502,951 

The net book value of Land and Buildings includes £ 850,000 (2023 £501,925) in respect of assets leased under finance leases or hire purchase contracts.

4.

Debtors: amounts falling due after one year

2024
£
  2023
£
Other Debtors (1)  
Directors' Loan Accounts 43,346   
43,345   

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Accrued Expenses 600    600 
600    600 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Trade Creditors 9,364    3,440 
Loan on property 591,597    384,139 
Albert Tapiwa Ltd loan 34,874    13,301 
Directors' Loan Accounts   127,297 
635,835    528,177 

7.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 84,645   
84,645   

8.

Fair Value Reserves

2024
£
  2023
£
Revaluation reserve- fair value 253,935   
253,935   

5