Kellie Hughes Properties Ltd 12277979 false 2023-02-01 2023-10-31 2023-10-31 The principal activity of the company is Renting out of commercial property Digita Accounts Production Advanced 6.30.9574.0 true true 12277979 2023-02-01 2023-10-31 12277979 2023-10-31 12277979 core:CurrentFinancialInstruments 2023-10-31 12277979 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 12277979 bus:SmallEntities 2023-02-01 2023-10-31 12277979 bus:AuditExemptWithAccountantsReport 2023-02-01 2023-10-31 12277979 bus:FilletedAccounts 2023-02-01 2023-10-31 12277979 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2023-10-31 12277979 bus:RegisteredOffice 2023-02-01 2023-10-31 12277979 bus:Director1 2023-02-01 2023-10-31 12277979 bus:PrivateLimitedCompanyLtd 2023-02-01 2023-10-31 12277979 countries:England 2023-02-01 2023-10-31 12277979 2022-02-01 2023-01-31 12277979 2023-01-31 12277979 core:CurrentFinancialInstruments 2023-01-31 12277979 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 iso4217:GBP xbrli:pure

Registration number: 12277979

Kellie Hughes Properties Ltd

Unaudited Filleted Financial Statements

for the Period from 1 February 2023 to 31 October 2023

 

Kellie Hughes Properties Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Kellie Hughes Properties Ltd

Company Information

Director

Kellie Hughes

Registered office

35A King Street
Whalley
Clitheroe
Lancs
BB7 9SP

Accountants

King Street Accounts
Office 4, 1st Floor
Victory House, The Sidings
Whalley
Clitheroe
Lancashire
BB7 9SE

 

Kellie Hughes Properties Ltd

(Registration number: 12277979)
Balance Sheet as at 31 October 2023

Note

2023
£

2023
£

Current assets

 

Debtors

4

93,500

103,449

Cash at bank and in hand

 

36,532

70,070

 

130,032

173,519

Creditors: Amounts falling due within one year

5

(62,587)

(67,927)

Net assets

 

67,445

105,592

Capital and reserves

 

Called up share capital

100

100

Retained earnings

67,345

105,492

Shareholders' funds

 

67,445

105,592

For the financial period ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 October 2024
 

.........................................
Kellie Hughes
Director

 

Kellie Hughes Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 October 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
35A King Street
Whalley
Clitheroe
Lancs
BB7 9SP

These financial statements were authorised for issue by the director on 21 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Kellie Hughes Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 October 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2023 - 1).

4

Debtors

Note

2023
£

2023
£

Amounts owed by related parties

6

73,500

82,250

Other debtors

 

20,000

21,199

 

93,500

103,449

 

Kellie Hughes Properties Ltd

Notes to the Unaudited Financial Statements for the Period from 1 February 2023 to 31 October 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2023
£

Due within one year

Taxation and social security

11,326

12,326

Accruals and deferred income

660

-

Other creditors

50,601

55,601

62,587

67,927

6

Related party transactions

Owed from /to parties who are controlled by the Director or the Director has significant influence .

At the balance sheet date £26,250 was owed by Tapas Forty Seven Ltd (31 January 2023 £40,000 owed by ) .

At the balance sheet date £50,601 was owed to Kellie Hughes Ltd (30 January £55,601 owed to ) .

At the balance sheet date £47,250 was owed by Kellie Hughes . This was repaid within 9 months on the year end.