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REGISTERED NUMBER: 01344303 (England and Wales)


















Unaudited Financial Statements

for the Period 1 April 2023 to 31 July 2024

for

Edward Kingston Limited

Edward Kingston Limited (Registered number: 01344303)






Contents of the Financial Statements
for the Period 1 April 2023 to 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Edward Kingston Limited

Company Information
for the Period 1 April 2023 to 31 July 2024







DIRECTORS: B W J Kingston
B T Kingston
E G Kingston
J E Kingston
M A Kingston
N J Kingston
S N Kingston





SECRETARY: N J Kingston





REGISTERED OFFICE: St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH





REGISTERED NUMBER: 01344303 (England and Wales)





ACCOUNTANTS: George Hay Partnership LLP
Chartered Accountants
St George's House
George Street
Huntingdon
Cambridgeshire
PE29 3GH

Edward Kingston Limited (Registered number: 01344303)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,078,100 6,845,000
Investments 5 100 100
7,078,200 6,845,100

CURRENT ASSETS
Debtors 6 18,506 1,702,831
Investments 7 5,053 48,270
Cash at bank 1,371,870 241,984
1,395,429 1,993,085
CREDITORS
Amounts falling due within one year 8 312,494 416,293
NET CURRENT ASSETS 1,082,935 1,576,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,161,135

8,421,892

CREDITORS
Amounts falling due after more than one
year

9

-

(139,851

)

PROVISIONS FOR LIABILITIES (546,008 ) (734,322 )
NET ASSETS 7,615,127 7,547,719

CAPITAL AND RESERVES
Called up share capital 29,688 29,688
Share premium 324,875 324,875
Revaluation reserve 10 3,075,874 4,036,198
Capital redemption reserve 3,937 3,937
Retained earnings 4,180,753 3,153,021
7,615,127 7,547,719

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 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.

Edward Kingston Limited (Registered number: 01344303)

Balance Sheet - continued
31 July 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 4 November 2024 and were signed on its behalf by:




S N Kingston - Director



N J Kingston - Director


Edward Kingston Limited (Registered number: 01344303)

Notes to the Financial Statements
for the Period 1 April 2023 to 31 July 2024

1. STATUTORY INFORMATION

Edward Kingston 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
Rents receivable are recognised when it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Interest income is recognised using the effective interest method and dividend income is recognised as the company's right to receive payment is established.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on reducing balance

Taxation
Taxation for the period 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 period 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.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Edward Kingston Limited (Registered number: 01344303)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 6,845,000 4,481 6,849,481
Additions 1,380,014 - 1,380,014
Disposals (1,155,000 ) - (1,155,000 )
Revaluations 8,086 - 8,086
At 31 July 2024 7,078,100 4,481 7,082,581
DEPRECIATION
At 1 April 2023
and 31 July 2024 - 4,481 4,481
NET BOOK VALUE
At 31 July 2024 7,078,100 - 7,078,100
At 31 March 2023 6,845,000 - 6,845,000

Land and buildings were valued on an open market basis on 31st July 2024 by the executive board.

If Land and Buildings had not been revalued they would have been included at the historical cost of £4,002,227 (2023: £2,808,802).

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 March 2023 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,295
Other debtors 18,506 1,701,536
18,506 1,702,831

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 5,053 48,270

Edward Kingston Limited (Registered number: 01344303)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 38,236
Trade creditors - 85
Taxation and social security 239,442 304,770
Other creditors 73,052 73,202
312,494 416,293

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 139,851

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 4,036,198
Revaluation of Investment
Properties 8,087
Transfer from Revaluation Reserve on
disposal

(1,156,725

)

Deferred tax arising due to revaluation of
properties

188,314


At 31 July 2024 3,075,874