2023-03-01 06084103 2024-02-29 06084103 2023-03-01 2024-02-29 06084103 2023-02-28 06084103 2022-03-01 2023-02-28 06084103 uk-core:WithinOneYear 2023-02-28 06084103 uk-core:WithinOneYear 2024-02-29 06084103 uk-core:ShareCapital 2024-02-29 06084103 uk-core:ShareCapital 2023-02-28 06084103 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 06084103 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 06084103 uk-bus:Director1 2023-03-01 2024-02-29 06084103 uk-core:PlantMachinery 2023-03-01 2024-02-29 06084103 uk-core:ToolsEquipment 2023-03-01 2024-02-29 06084103 uk-core:PlantMachinery 2023-02-28 06084103 uk-core:InvestmentPropertyIncludedWithinPPE 2023-02-28 06084103 uk-core:InvestmentPropertyIncludedWithinPPE 2023-03-01 2024-02-29 06084103 uk-core:InvestmentPropertyIncludedWithinPPE 2024-02-29 06084103 uk-core:PlantMachinery 2024-02-29 iso4217:GBP xbrli:pure 06084103 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06084103 uk-bus:FRS102 2023-03-01 2024-02-29 06084103 uk-bus:FilletedAccounts 2023-03-01 2024-02-29 06084103 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
Kingsferry Wharf - (RSL) Ltd
Registered Number:06084103
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
Kingsferry Wharf - (RSL) Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
06084103
As at 29 February 2024
Kingsferry Wharf - (RSL) Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
525,622
577,914
2
3
180,000
180,000
Investment property
705,622
757,914
Current assets
Trade and other receivables
1,675
-
4
36,828
Cash and cash equivalents
51,039
51,039
38,503
Trade and other payables: amounts falling due within one year
(40,141)
(18,227)
5
(1,638)
32,812
Net current assets
Total assets less current liabilities
738,434
756,276
-
(24,942)
Provisions for liabilities
738,434
Net assets
731,334
Capital and reserves
Called up share capital
100
100
Retained earnings
738,334
731,234
738,434
731,334
Shareholders' funds
For the year ended 29 February 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 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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
R D Smith Director
These financial statements were approved and authorised for issue by the Board on 25 November 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 29 February 2024
Kingsferry Wharf - (RSL) Ltd
Notes to the Financial Statements
Statutory Information
Kingsferry Wharf - (RSL) Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 06084103.
Registered address:
Kingsferry House
Stather Road
Burton-upon-Stather
Scunthorpe
DN15 9DJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
20% Reducing balance
33% per annum on cost
Computer equipment
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected useful lives
are sufficiently long and the estimated residual values are sufficiently high that any such depreciation would be immaterial. The
directors undertake an annual impairment review of these properties.
Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
2 of 4
5
For the year ended 29 February 2024
Kingsferry Wharf - (RSL) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Plant and
machinery
Land and
buildings
£
£
£
Cost or valuation
At 01 March 2023
1,338,440
812,818
525,622
(812,818)
-
Disposals
(812,818)
At 29 February 2024
525,622
-
525,622
Provision for depreciation and impairment
At 01 March 2023
760,526
760,526
-
(760,526)
(760,526)
-
On disposal
At 29 February 2024
-
-
-
At 29 February 2024
Net book value
525,622
-
525,622
At 28 February 2023
525,622
52,292
577,914
3. Investment property
Total
£
Fair value
At 01 March 2023
180,000
At 29 February 2024
180,000
Net book value
At 29 February 2024
180,000
At 28 February 2023
180,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
-
1,675
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2,898
9,781
Taxation and social security
-
7,706
Other creditors
15,329
22,654
18,227
40,141
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6
For the year ended 29 February 2024
Kingsferry Wharf - (RSL) Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 3)
4 of 4