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REGISTERED NUMBER: 07387574 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KINDRED AGENCY LIMITED

KINDRED AGENCY LIMITED (REGISTERED NUMBER: 07387574)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINDRED AGENCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: N Mustoe
R Garavand





REGISTERED OFFICE: First Floor
10 Queen Street Place
London
EC4R 1BE





REGISTERED NUMBER: 07387574 (England and Wales)





ACCOUNTANTS: Orcom Civvals Limited
Accountants
50 Seymour Street
London
W1H 7JG

KINDRED AGENCY LIMITED (REGISTERED NUMBER: 07387574)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,129 12,476

CURRENT ASSETS
Debtors 5 206,218 486,507
Cash at bank 1,606,389 1,271,868
1,812,607 1,758,375
CREDITORS
Amounts falling due within one year 6 1,085,942 1,300,083
NET CURRENT ASSETS 726,665 458,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

743,794

470,768

CAPITAL AND RESERVES
Called up share capital 8 2,007 2,007
Retained earnings 9 741,787 468,761
SHAREHOLDERS' FUNDS 743,794 470,768

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

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

KINDRED AGENCY LIMITED (REGISTERED NUMBER: 07387574)

BALANCE SHEET - continued
31 DECEMBER 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 13 January 2025 and were signed on its behalf by:





N Mustoe - Director


KINDRED AGENCY LIMITED (REGISTERED NUMBER: 07387574)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024


1. STATUTORY INFORMATION

Kindred Agency 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 38 ) .

KINDRED AGENCY LIMITED (REGISTERED NUMBER: 07387574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024 28,440 169,275 197,715
Additions - 11,025 11,025
At 31 December 2024 28,440 180,300 208,740
DEPRECIATION
At 1 January 2024 28,439 156,800 185,239
Charge for year - 6,372 6,372
At 31 December 2024 28,439 163,172 191,611
NET BOOK VALUE
At 31 December 2024 1 17,128 17,129
At 31 December 2023 1 12,475 12,476

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,332 419,937
Other debtors 68,886 66,570
206,218 486,507

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 110,057 149,085
Taxation and social security 343,389 394,825
Other creditors 632,496 756,173
1,085,942 1,300,083

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 93,000 93,000
Between one and five years 279,000 372,000
372,000 465,000

KINDRED AGENCY LIMITED (REGISTERED NUMBER: 07387574)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,350 A Ordinary .01 53 53
194,650 B Ordinary .01 1,947 1,947
655 C Ordinary .01 7 7
2,007 2,007

A ordinary and B ordinary

The shares entitle the shareholders to vote and attend meetings. They also have the right to receive dividends and distributions.

On repayment of capital or winding up, the A ordinary shares and B ordinary shares rank first for an amount per share equal to the par value of each A ordinary share and B ordinary share and, after any payment in respect of the deferred shares, any remaining balance shall belong to and be distributed amongst the holders of A ordinary shares and B ordinary shares in proportion to their holding.

C ordinary shares

The shares entitle the shareholders to vote and attend meetings. However they have no rights to receive dividends and distributions.

On repayment of capital or winding up, the C ordinary shares have no rights to a return of capital.

9. RESERVES
Retained
earnings
£   

At 1 January 2024 468,761
Profit for the year 273,026
At 31 December 2024 741,787