Kingsmill Holdings Limited |
Notes to the Accounts |
for the year ended 31 August 2024 |
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1 |
Accounting policies |
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Basis of preparation |
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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). The accounts present information about the parent company undertaking only and not about the Group. Group accounts are not required because the company is a parent of a small Group. |
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Investments |
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Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. |
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2 |
Employees |
2024 |
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2023 |
Number |
Number |
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Average number of persons employed by the company |
2 |
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2 |
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3 |
Investments |
Investments in |
subsidiary |
undertakings |
£ |
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Cost |
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At 1 September 2023 |
1,100 |
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At 31 August 2024 |
1,100 |
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Subsidiary |
Class of share |
Holding |
Capital and |
Profit for |
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reserves |
the year |
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Gemina Investment Ltd |
Ordinary |
100% |
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£3,919,519 |
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£326,027 |
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Davis for Building Ltd |
Ordinary |
100% |
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£66,214 |
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-£159,367 |
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4 |
Debtors |
2024 |
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2023 |
£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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1,772,383 |
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1,841,255 |
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Other debtors |
170 |
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170 |
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1,772,553 |
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1,841,425 |
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5 |
Controlling party |
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The ultimate controlling party is Mr RM Davis. |
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6 |
Other information |
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Kingsmill Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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218 Malvern Road |
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Bournemouth |
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BH9 3BX |