IRIS Accounts Production v24.3.0.553 02177355 Board of Directors 1.7.23 30.6.24 30.6.24 true false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021773552023-06-30021773552024-06-30021773552023-07-012024-06-30021773552022-06-30021773552022-07-012023-06-30021773552023-06-3002177355ns15:EnglandWales2023-07-012024-06-3002177355ns14:PoundSterling2023-07-012024-06-3002177355ns10:Director12023-07-012024-06-3002177355ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3002177355ns10:SmallEntities2023-07-012024-06-3002177355ns10:AuditExemptWithAccountantsReport2023-07-012024-06-3002177355ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3002177355ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3002177355ns10:FullAccounts2023-07-012024-06-3002177355ns10:Director22023-07-012024-06-3002177355ns10:Director32023-07-012024-06-3002177355ns10:RegisteredOffice2023-07-012024-06-3002177355ns5:CurrentFinancialInstruments2024-06-3002177355ns5:CurrentFinancialInstruments2023-06-3002177355ns5:ShareCapital2024-06-3002177355ns5:ShareCapital2023-06-3002177355ns5:RetainedEarningsAccumulatedLosses2024-06-3002177355ns5:RetainedEarningsAccumulatedLosses2023-06-3002177355ns5:CostValuation2023-06-3002177355ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3002177355ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 02177355 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Kingshurst Securities Limited

Kingshurst Securities Limited (Registered number: 02177355)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

Kingshurst Securities Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Thornton Baker
C J H Thornton-Baker
F M C Thornton-Baker





REGISTERED OFFICE: Cookes Storage - Office Suite 3
16 Maybrook Road
Minworth
Sutton Coldfield
West Midlands
B76 1AL





REGISTERED NUMBER: 02177355 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Kingshurst Securities Limited (Registered number: 02177355)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 4 40,000 40,000

CURRENT ASSETS
Stocks 90,001 90,001
Debtors 5 2,711,700 2,700,000
Cash at bank 9,324 7,791
2,811,025 2,797,792
CREDITORS
Amounts falling due within one year 6 (2,142,072 ) (2,130,275 )
NET CURRENT ASSETS 668,953 667,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,953

707,517

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 707,953 706,517
SHAREHOLDERS' FUNDS 708,953 707,517

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 November 2024 and were signed on its behalf by:





D Thornton Baker - Director


Kingshurst Securities Limited (Registered number: 02177355)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Kingshurst Securities Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Kingshurst Securities Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 40,000
NET BOOK VALUE
At 30 June 2024 40,000
At 30 June 2023 40,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 11,700 -
Amounts owed by participating interests 2,700,000 2,700,000
2,711,700 2,700,000

Kingshurst Securities Limited (Registered number: 02177355)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 615,434 703,721
Other creditors 1,526,638 1,426,554
2,142,072 2,130,275

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kingshurst Securities Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kingshurst Securities Limited for the year ended 30 June 2024 which comprise the Profit and Loss Account, Balance Sheet, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kingshurst Securities Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kingshurst Securities Limited and state those matters that we have agreed to state to the Board of Directors of Kingshurst Securities Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kingshurst Securities Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kingshurst Securities Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kingshurst Securities Limited. You consider that Kingshurst Securities 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 financial statements of Kingshurst Securities 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 financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


14 November 2024