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REGISTERED NUMBER: 07905892 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Kendal House Properties Limited

Kendal House Properties Limited (Registered number: 07905892)






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 House Properties Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: L J Maddison
J A Maddison





REGISTERED OFFICE: 7 Brenkley Way
Blezard Business Park
Seaton Burn
NE13 6DS





REGISTERED NUMBER: 07905892 (England and Wales)





ACCOUNTANTS: Douglas Shaw Limited
7 Brenkley Way
Blezard Business Park
Seaton Burn
Tyne and Wear
NE13 6DS

Kendal House Properties Limited (Registered number: 07905892)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,989,844 11,038,511

CURRENT ASSETS
Debtors 5 617,315 190,323
Cash at bank 19,365 13,109
636,680 203,432
CREDITORS
Amounts falling due within one year 6 445,351 454,534
NET CURRENT ASSETS/(LIABILITIES) 191,329 (251,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,181,173

10,787,409

CREDITORS
Amounts falling due after more than
one year

7

4,572,595

4,600,284
NET ASSETS 6,608,578 6,187,125

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 5,620,302 5,620,302
Retained earnings 988,176 566,723
SHAREHOLDERS' FUNDS 6,608,578 6,187,125

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 House Properties Limited (Registered number: 07905892)

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 21 November 2024 and were signed on its behalf by:





L J Maddison - Director


Kendal House Properties Limited (Registered number: 07905892)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Kendal House Properties 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.
Plant and machinery - 20% on cost
Fixtures, fittings and equipment - 25% on cost
Motor vehicles - 25% on cost

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 2 (2023 - 2 ) .

Kendal House Properties Limited (Registered number: 07905892)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Freehold Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 March 2023 10,911,162 7,913 80,919 162,989 11,162,983
Additions 500 - - - 500
At 29 February 2024 10,911,662 7,913 80,919 162,989 11,163,483
DEPRECIATION
At 1 March 2023 - 7,912 56,814 59,746 124,472
Charge for year - - 8,420 40,747 49,167
At 29 February 2024 - 7,912 65,234 100,493 173,639
NET BOOK VALUE
At 29 February 2024 10,911,662 1 15,685 62,496 10,989,844
At 28 February 2023 10,911,162 1 24,105 103,243 11,038,511

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Amounts owed by group undertakings 583,757 138,132
Other debtors 33,558 33,558
Tax - 18,633
617,315 190,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 135,831 142,976
Hire purchase contracts 13,635 13,635
Other creditors 250,000 250,000
Directors' loan accounts 44,635 46,723
Accruals and deferred income 1,250 1,200
445,351 454,534

Kendal House Properties Limited (Registered number: 07905892)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 136,648 144,509
Bank loans - 2-5 years 386,910 435,007
Bank loans more 5 yr by instal 3,959,952 3,918,048
Hire purchase contracts 89,085 102,720
4,572,595 4,600,284

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,959,952 3,918,048

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Revaluation
reserve
£   
At 1 March 2023
and 29 February 2024 5,620,302