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REGISTERED NUMBER: 12542189 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED

KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 12542189)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 MARCH 2024







DIRECTORS: Mr Dean Aron White
Mr Rachid James Benamor
Ms Amber Kirsty Cole





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 12542189 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 12542189)

ABRIDGED BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,236 11,819

CURRENT ASSETS
Debtors 858,437 434,314
Cash at bank 39,608 25,389
898,045 459,703
CREDITORS
Amounts falling due within one year 809,714 478,042
NET CURRENT ASSETS/(LIABILITIES) 88,331 (18,339 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,567

(6,520

)

CAPITAL AND RESERVES
Called up share capital 5 1 1
Retained earnings 115,566 (6,521 )
SHAREHOLDERS' FUNDS 115,567 (6,520 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 March 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.

KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 12542189)

ABRIDGED BALANCE SHEET - continued
30 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 February 2025 and were signed on its behalf by:





Mr Dean Aron White - Director


KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 12542189)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 MARCH 2024


1. STATUTORY INFORMATION

Kingsley Housing Property Management 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 12542189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


2. ACCOUNTING POLICIES - continued

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 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 31 March 2023 13,092
Additions 24,889
Disposals (559 )
At 30 March 2024 37,422
DEPRECIATION
At 31 March 2023 1,273
Charge for year 9,053
Eliminated on disposal (140 )
At 30 March 2024 10,186
NET BOOK VALUE
At 30 March 2024 27,236
At 30 March 2023 11,819

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

KINGSLEY HOUSING PROPERTY MANAGEMENT
LIMITED (REGISTERED NUMBER: 12542189)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 MARCH 2024


6. RELATED PARTY DISCLOSURES

Kingsley Housing Limited
As at the balance sheet date, the company was owed £412,797 (2023 - £45,220 ) by Kingsley Housing Limited, its parent undertaking.

Kingsley Property Group Limited
As at the balance sheet date, the company was owed £44,518 (2023 - £44,518) by Kingsley Property Group Limited.

Kingsley Property Group Limited is a company under common control by virtue of the fact its shares are held by the director, Mr Dean White's immediate family member.

Kingsley Housing Development Limited
As at the balance sheet date, the company was owed £310,660 (2023 - £2,117) by Kingsley Housing Development Limited, a company whose shares are held by Kingsley Housing Limited, the parent undertaking.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Dean Aron White.

Mr Dean Aron White is the ultimate controlling party by virtue of the fact he holds a majority interest in the parent company Kingsley Housing Limited.

8. PARENT COMPANY

The parent company is Kingsley Housing Limited, which owns 100% of the issued share capital of the company.