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REGISTERED NUMBER: SC564962 (Scotland)


















Financial Statements for the Year Ended 31 May 2024

for

KENNOX HOUSE LIMITED

KENNOX HOUSE LIMITED (REGISTERED NUMBER: SC564962)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

KENNOX HOUSE LIMITED

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mrs E Sweeney





REGISTERED OFFICE: Kennox House
Kilwinning Road
Stewarton
Ayrshire
KA3 3EF





REGISTERED NUMBER: SC564962 (Scotland)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL

KENNOX HOUSE LIMITED (REGISTERED NUMBER: SC564962)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 87,085 82,552

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 5 462 -
Cash at bank 2,816 5,341
4,778 6,841
CREDITORS
Amounts falling due within one year 6 278,094 260,454
NET CURRENT LIABILITIES (273,316 ) (253,613 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(186,231

)

(171,061

)

CREDITORS
Amounts falling due after more than one
year

7

3,500

6,500
NET LIABILITIES (189,731 ) (177,561 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (189,831 ) (177,661 )
SHAREHOLDERS' FUNDS (189,731 ) (177,561 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KENNOX HOUSE LIMITED (REGISTERED NUMBER: SC564962)

Balance Sheet - continued
31 May 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 director and authorised for issue on 6 February 2025 and were signed by:





Mrs E Sweeney - Director


KENNOX HOUSE LIMITED (REGISTERED NUMBER: SC564962)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Kennox House Limited is a private company, limited by shares , registered in Scotland. 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.
Improvements to property - not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2023 - NIL).

KENNOX HOUSE LIMITED (REGISTERED NUMBER: SC564962)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 June 2023 8,768 123,423 72,430 204,621
Additions - 17,076 7,035 24,111
At 31 May 2024 8,768 140,499 79,465 228,732
DEPRECIATION
At 1 June 2023 - 85,417 36,652 122,069
Charge for year - 11,016 8,562 19,578
At 31 May 2024 - 96,433 45,214 141,647
NET BOOK VALUE
At 31 May 2024 8,768 44,066 34,251 87,085
At 31 May 2023 8,768 38,006 35,778 82,552

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 462 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 1,050 1,000
Directors' current accounts 272,709 255,203
Accrued expenses 1,335 1,251
278,094 260,454

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,500 6,500

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs E Sweeney.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Kennox House Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kennox House Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Kennox House Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kennox House Limited and state those matters that we have agreed to state to the director of Kennox House Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kennox House Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kennox House Limited. You consider that Kennox House Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kennox House Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G O Thomson & Co
Chartered Accountants
13 Hope Street
Lanark
Lanarkshire
ML11 7NL


6 February 2025