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REGISTERED NUMBER: 12477318 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 MARCH 2024

FOR

KINGSLEY HOUSING LIMITED

KINGSLEY HOUSING LIMITED (REGISTERED NUMBER: 12477318)

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 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: 12477318 (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 LIMITED (REGISTERED NUMBER: 12477318)

ABRIDGED BALANCE SHEET
30 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 24,000,175 22,183,713
24,000,177 22,183,715

CURRENT ASSETS
Debtors - 40,403
Cash at bank 11,405 12,295
11,405 52,698
CREDITORS
Amounts falling due within one year 738,030 155,331
NET CURRENT LIABILITIES (726,625 ) (102,633 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,273,552

22,081,082

CREDITORS
Amounts falling due after more than one year 23,323,870 22,118,614
NET LIABILITIES (50,318 ) (37,532 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (50,418 ) (37,632 )
SHAREHOLDERS' FUNDS (50,318 ) (37,532 )

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 LIMITED (REGISTERED NUMBER: 12477318)

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 LIMITED (REGISTERED NUMBER: 12477318)

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


1. STATUTORY INFORMATION

Kingsley Housing 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 as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

KINGSLEY HOUSING LIMITED (REGISTERED NUMBER: 12477318)

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


4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 31 March 2023
and 30 March 2024 2
NET BOOK VALUE
At 30 March 2024 2
At 30 March 2023 2

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Kingsley Housing Property Management Limited
Registered office: C/O Michael Filiou Limited, Salisbury House, 81 High Street, Potters bar, Hertfordshire, EN6 5AS
Nature of business: Property letting
%
Class of shares: holding
Ordinary 100.00

Kingsley Housing Development Limited
Registered office: C/O Michael Filiou Limited, Salisbury House, 81 High Street, Potters Bar, Hertfordshire, EN6 5AS
Nature of business: Property development
%
Class of shares: holding
Ordinary 100.00

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 March 2023 22,183,713
Additions 1,816,462
At 30 March 2024 24,000,175
NET BOOK VALUE
At 30 March 2024 24,000,175
At 30 March 2023 22,183,713

KINGSLEY HOUSING LIMITED (REGISTERED NUMBER: 12477318)

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


6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Other loans due after more
than one year 23,323,870 22,118,614
23,323,870 22,118,614

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
70 Ordinary A £1 70 70
30 Ordinary B £1 30 30
100 100

8. RELATED PARTY DISCLOSURES

Kingsley Property Group Limited
As at the balance sheet date, the company owed Kingsley Property Group Limited £53,291 (2023 £53,291).

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 Property Management Limited
As at the balance sheet date, the company owed £412,797 (2023 - £45,220) to Kingsley Housing Property Management Limited, a wholly-owned subsidiary.

Kingsley Housing Development Limited
As at the balance sheet date, the company owed £246,493 (2023: £40,403 credit) to Kingsley Housing Development Limited, a wholly-owned subsidiary.