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Registration number: 07362895

Report of the Director and


Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2024

for
 

FIL Kingston Limited

 

FIL Kingston Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

FIL Kingston Limited

Company Information

Director:

Mr MS Lawson

Registered office:

Savoy House
Savoy Circus
London
W3 7DA

Registered number:

07362895

Accountants:

Wem & Co
Chartered Accountants
Savoy House
Savoy Circus
London
W3 7DA

 

FIL Kingston Limited

(Registration number: 07362895)
Balance Sheet as at 31 March 2024

Note

31.03.24

31.03.23

   

£

£

£

£

CURRENT ASSETS

   

 

Debtors

4

 

490,675

 

445,675

Cash at bank and in hand

   

1,982

 

47,036

   

492,657

 

492,711

CREDITORS

   

 

Creditors within 1yr

5

 

10,659

 

9,550

Net assets

   

481,998

 

483,161

CAPITAL AND RESERVES

   

 

Called up share capital

 

1

 

1

Profit and loss account

 

481,997

 

483,160

Shareholders' funds

   

481,998

 

483,161

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 July 2024

.........................................
Mr MS Lawson
Director

 

FIL Kingston Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1.

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Savoy House
Savoy Circus
London
W3 7DA
England

These financial statements were authorised for issue by the director on 30 July 2024.

2.

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentational currency is Pound Sterling (£).

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary, for any difference in nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

The fair value reserve is non-distributable.
 

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

FIL Kingston Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3.

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

4.

Debtors

Current

31.03.24
£

31.03.23
£

Other debtors

490,675

445,675

 

490,675

445,675

Included in other debtors is an amount owed by a company under common control. No interest or repayment terms have been set.

 

FIL Kingston Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)

5.

Creditors

Creditors: amounts falling due within one year

31.03.24
£

31.03.23
£

Due within one year

Accruals and deferred income

1,901

4,792

Other creditors

8,758

4,758

10,659

9,550

Include in other creditors is an amount owed by company under common control. No interest or repayment terms have been set.