IRIS Accounts Production v24.2.0.383 07516959 Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075169592023-02-28075169592024-02-29075169592023-03-012024-02-29075169592022-02-28075169592022-03-012023-02-28075169592023-02-2807516959ns15:EnglandWales2023-03-012024-02-2907516959ns14:PoundSterling2023-03-012024-02-2907516959ns10:Director12023-03-012024-02-2907516959ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2907516959ns10:SmallEntities2023-03-012024-02-2907516959ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2907516959ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2907516959ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2907516959ns10:FullAccounts2023-03-012024-02-2907516959ns10:Director22023-03-012024-02-2907516959ns10:CompanySecretary12023-03-012024-02-2907516959ns10:RegisteredOffice2023-03-012024-02-2907516959ns5:CurrentFinancialInstruments2024-02-2907516959ns5:CurrentFinancialInstruments2023-02-2807516959ns5:ShareCapital2024-02-2907516959ns5:ShareCapital2023-02-2807516959ns5:RetainedEarningsAccumulatedLosses2024-02-2907516959ns5:RetainedEarningsAccumulatedLosses2023-02-2807516959ns5:PlantMachinery2023-02-2807516959ns5:PlantMachinery2023-03-012024-02-2907516959ns5:PlantMachinery2024-02-2907516959ns5:PlantMachinery2023-02-2807516959ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-2907516959ns5:WithinOneYearns5:CurrentFinancialInstruments2023-02-28
REGISTERED NUMBER: 07516959 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

KENDAL REDISCOVERY CENTRE LTD

KENDAL REDISCOVERY CENTRE LTD (REGISTERED NUMBER: 07516959)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENDAL REDISCOVERY CENTRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: J D Fleetwood
P J Taylor





SECRETARY:





REGISTERED OFFICE: 22 Market Place
Kendal
Cumbria
LA9 4TN





REGISTERED NUMBER: 07516959 (England and Wales)





ACCOUNTANTS: Mitchinsons Accountants
22 Market Place
Kendal
Cumbria
LA9 4TN

KENDAL REDISCOVERY CENTRE LTD (REGISTERED NUMBER: 07516959)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,692 20,814
Investment property 5 354,264 354,264
371,956 375,078

CURRENT ASSETS
Debtors 6 2,400 2,200
Cash at bank 22,546 18,159
24,946 20,359
CREDITORS
Amounts falling due within one year 7 217,515 239,719
NET CURRENT LIABILITIES (192,569 ) (219,360 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179,387

155,718

PROVISIONS FOR LIABILITIES 1,868 2,132
NET ASSETS 177,519 153,586

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 177,399 153,466
177,519 153,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

KENDAL REDISCOVERY CENTRE LTD (REGISTERED NUMBER: 07516959)

BALANCE SHEET - continued
29 FEBRUARY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 November 2024 and were signed on its behalf by:





P J Taylor - Director


KENDAL REDISCOVERY CENTRE LTD (REGISTERED NUMBER: 07516959)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Kendal Rediscovery Centre 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.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and Fittings - 15% reducing balance

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 NIL (2023 - NIL).

KENDAL REDISCOVERY CENTRE LTD (REGISTERED NUMBER: 07516959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023
and 29 February 2024 46,910
DEPRECIATION
At 1 March 2023 26,096
Charge for year 3,122
At 29 February 2024 29,218
NET BOOK VALUE
At 29 February 2024 17,692
At 28 February 2023 20,814

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 354,264
NET BOOK VALUE
At 29 February 2024 354,264
At 28 February 2023 354,264

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,400 2,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43 43
Taxation and social security 5,879 4,425
Other creditors 211,593 235,251
217,515 239,719

8. RELATED PARTY DISCLOSURES

Included within other creditors is a loan from J D Fleetwood of £154,617 (2023 - £172,617). The loan is not interest bearing and has no fixed repayment date.

Included within other creditors is a loan form P J Taylor of £52,897 (2023 - £58,897). The loan is not interest bearing and has no fixed repayment date.

KENDAL REDISCOVERY CENTRE LTD (REGISTERED NUMBER: 07516959)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is J D Fleetwood.