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REGISTERED NUMBER: 08537258 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

KINGSMEAD ASSETS LIMITED

KINGSMEAD ASSETS LIMITED (REGISTERED NUMBER: 08537258)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINGSMEAD ASSETS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mrs E Jenkins
Ms J A Hickey
J S Hickey





REGISTERED OFFICE: 153 Heol Isaf
Radyr
Cardiff
CF15 8DX





REGISTERED NUMBER: 08537258 (England and Wales)





ACCOUNTANTS: Baker Knoyle Chartered Accountants
Orbit Business Centre
Merthyr Tydfil
CF48 1DL

KINGSMEAD ASSETS LIMITED (REGISTERED NUMBER: 08537258)

BALANCE SHEET
5 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 91,603 91,603
Investments 5 118,730 110,856
Investment property 6 203,280 203,280
413,613 405,739

CURRENT ASSETS
Debtors 7 600 600
Investments 8 23,820 20,509
Cash at bank 31,212 23,754
55,632 44,863
CREDITORS
Amounts falling due within one year 9 12,912 14,790
NET CURRENT ASSETS 42,720 30,073
TOTAL ASSETS LESS CURRENT
LIABILITIES

456,333

435,812

CAPITAL AND RESERVES
Called up share capital 400,002 400,002
Fair value reserve 10 (26,016 ) (33,890 )
Retained earnings 82,347 69,700
SHAREHOLDERS' FUNDS 456,333 435,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

KINGSMEAD ASSETS LIMITED (REGISTERED NUMBER: 08537258)

BALANCE SHEET - continued
5 APRIL 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 11 October 2024 and were signed on its behalf by:





J S Hickey - Director


KINGSMEAD ASSETS LIMITED (REGISTERED NUMBER: 08537258)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Kingsmead Assets 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received in the period.

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 etc - 25% on cost

Investment property
Investment property is shown at cost plus associated fees.

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 3 (2023 - 3 ) .

KINGSMEAD ASSETS LIMITED (REGISTERED NUMBER: 08537258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023
and 5 April 2024 92,103
DEPRECIATION
At 6 April 2023
and 5 April 2024 500
NET BOOK VALUE
At 5 April 2024 91,603
At 5 April 2023 91,603

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 6 April 2023 110,856
Revaluations 7,874
At 5 April 2024 118,730
NET BOOK VALUE
At 5 April 2024 118,730
At 5 April 2023 110,856

Cost or valuation at 5 April 2024 is represented by:

Other
investments
£   
Valuation in 2019 153,133
Valuation in 2020 (55,714 )
Valuation in 2021 37,825
Valuation in 2022 2,850
Valuation in 2023 (27,238 )
Valuation in 2024 7,874
118,730

KINGSMEAD ASSETS LIMITED (REGISTERED NUMBER: 08537258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 6 April 2023
and 5 April 2024 203,280
NET BOOK VALUE
At 5 April 2024 203,280
At 5 April 2023 203,280

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 600 600

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 23,820 20,509

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,958 2,587
Other creditors 8,954 12,203
12,912 14,790

10. RESERVES
Fair
value
reserve
£   
At 6 April 2023 (33,890 )
Movement in year 7,874

At 5 April 2024 (26,016 )

KINGSMEAD ASSETS LIMITED (REGISTERED NUMBER: 08537258)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 5 April 2024 and 5 April 2023:

2024 2023
£    £   
RD Jenkins
Balance outstanding at start of year - (22,347 )
Amounts advanced - 22,347
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Mrs E Jenkins
Balance outstanding at start of year (9,983 ) -
Amounts advanced 2,540 -
Amounts repaid (312 ) (9,983 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,755 ) (9,983 )