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REGISTERED NUMBER: 10864781 (England and Wales)















KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 10864781)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED

Company Information
for the year ended 31 March 2024







DIRECTOR: J C Hickman





REGISTERED OFFICE: Farm Office
Yieldingtree Farm
Broome
Stourbridge
DY9 0EL





REGISTERED NUMBER: 10864781 (England and Wales)






KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 10864781)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 383,052 354,418

CURRENT ASSETS
Debtors 5 128,456 81,671
Cash at bank and in hand 83,337 34,177
211,793 115,848
CREDITORS
Amounts falling due within one year 6 151,309 66,448
NET CURRENT ASSETS 60,484 49,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

443,536

403,818

CREDITORS
Amounts falling due after more than one year 7 (20,167 ) (38,704 )

PROVISIONS FOR LIABILITIES (95,763 ) (67,339 )
NET ASSETS 327,606 297,775

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 327,506 297,675
SHAREHOLDERS' FUNDS 327,606 297,775

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 10864781)

Balance Sheet - continued
31 March 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 November 2024 and were signed by:





J C Hickman - Director


KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 10864781)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Kingsbridge Property Management Services 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 10864781)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 614,121
Additions 107,659
At 31 March 2024 721,780
DEPRECIATION
At 1 April 2023 259,703
Charge for year 79,025
At 31 March 2024 338,728
NET BOOK VALUE
At 31 March 2024 383,052
At 31 March 2023 354,418

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023 98,519
Additions 31,000
At 31 March 2024 129,519
DEPRECIATION
At 1 April 2023 36,518
Charge for year 14,467
At 31 March 2024 50,985
NET BOOK VALUE
At 31 March 2024 78,534
At 31 March 2023 62,001

KINGSBRIDGE PROPERTY MANAGEMENT SERVICES
LIMITED (REGISTERED NUMBER: 10864781)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors - 2,091
Amounts owed by participating interests 107,898 67,221
Other debtors 20,558 12,359
128,456 81,671

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 21,454 13,704
Trade creditors 41,024 6,880
Taxation and social security 59,651 28,512
Other creditors 19,180 7,352
151,309 66,448

The Director's current account has no set repayment date, is unsecured and carries no interest charges. Accordingly the amount is classed as repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans 15,000 25,000
Hire purchase contracts 5,167 13,704
20,167 38,704

8. OTHER FINANCIAL COMMITMENTS

As at 31st March 2024, the company had future lease commitments amounting to £3,956 (2023 : £4,374).