Acorah Software Products - Accounts Production 16.1.300 false true true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 05129646 Miss M Dar iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05129646 2023-05-31 05129646 2024-05-31 05129646 2023-06-01 2024-05-31 05129646 frs-core:Non-currentFinancialInstruments 2024-05-31 05129646 frs-core:ShareCapital 2024-05-31 05129646 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 05129646 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05129646 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 05129646 frs-bus:SmallEntities 2023-06-01 2024-05-31 05129646 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 05129646 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05129646 frs-bus:Director1 2023-06-01 2024-05-31 05129646 frs-countries:EnglandWales 2023-06-01 2024-05-31 05129646 2022-05-31 05129646 2023-05-31 05129646 2022-06-01 2023-05-31 05129646 frs-core:Non-currentFinancialInstruments 2023-05-31 05129646 frs-core:ShareCapital 2023-05-31 05129646 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: 05129646
Kingsbrook Estates Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
RK Accounting & Taxation Services
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05129646
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 400,000 400,000
400,000 400,000
CURRENT ASSETS
Cash at bank and in hand 5,186 10,830
5,186 10,830
Creditors: Amounts Falling Due Within One Year 5 (323,476 ) (328,063 )
NET CURRENT ASSETS (LIABILITIES) (318,290 ) (317,233 )
TOTAL ASSETS LESS CURRENT LIABILITIES 81,710 82,767
Creditors: Amounts Falling Due After More Than One Year 6 (211,875 ) (211,875 )
NET LIABILITIES (130,165 ) (129,108 )
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account (130,167 ) (129,110 )
SHAREHOLDERS' FUNDS (130,165) (129,108)
Page 1
Page 2
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss M Dar
Director
24/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Kingsbrook Estates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05129646 . The registered office is 230 Wilbraham Road, Whalley Range, Manchester, Greater Manchester, M16 8GN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The Company's financial statements for the year ended 31 May 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.
2.3. Turnover
Rental income from operating leases is recognised on a receivable basis.
2.4. Investment Properties
Interest in investment properties is stated at an open market valuation with no depreciation being provided, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 and the Companies Act 2006.
2.5. 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.
2.6. 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. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 June 2023 and 31 May 2024 400,000
In the opinion of the director the value of the investment property is not materially different as at the year end from the amount stated in the balance sheet.
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 323,476 328,063
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 211,875 211,875
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
8. Related Party Transactions
At 31 May 2024, other creditors included £320,171 (2023: £327,513) due to a previous director of the company. There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.
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