Company Registration No. NI050581 (Northern Ireland)
Kensington Estates (NI) Ltd
Unaudited accounts
for the year ended 31 May 2024
Kensington Estates (NI) Ltd
Unaudited accounts
Contents
Kensington Estates (NI) Ltd
Company Information
for the year ended 31 May 2024
Directors
K Shafai
P Shafai
Company Number
NI050581 (Northern Ireland)
Registered Office
Unit A1 Boucher Business Studios,
Glenmachan Place,
Belfast
BT12 6QH
Northern Ireland
Kensington Estates (NI) Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
1,053,460
1,065,728
Cash at bank and in hand
27,130
15,837
Creditors: amounts falling due within one year
(47,117)
(34,407)
Net current liabilities
(14,812)
(14,738)
Net assets
1,038,648
1,050,990
Called up share capital
10,000
10,000
Profit and loss account
1,028,648
1,040,990
Shareholders' funds
1,038,648
1,050,990
For the year ending 31 May 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 directors acknowledge their 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 of Directors and authorised for issue on 18 June 2024 and were signed on its behalf by
K Shafai
Director
Company Registration No. NI050581
Kensington Estates (NI) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Kensington Estates (NI) Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI050581. The registered office is Unit A1 Boucher Business Studios,, Glenmachan Place, , Belfast, BT12 6QH, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
1 - 2% per annum on cost
4
Tangible fixed assets
Land & buildings
Charge for the year
12,268
Kensington Estates (NI) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
21,551
17,990
Other creditors
16,292
9,200
Loans from directors
2,915
1,211
Allotted, called up and fully paid:
10,000 Ordinary shares of £1 each
10,000
10,000
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).