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REGISTERED NUMBER: 14058838 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KINGSLEY HOUSING DEVELOPMENT LIMITED

KINGSLEY HOUSING DEVELOPMENT LIMITED (REGISTERED NUMBER: 14058838)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


KINGSLEY HOUSING DEVELOPMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr Dean Aron White





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





REGISTERED NUMBER: 14058838 (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 DEVELOPMENT LIMITED (REGISTERED NUMBER: 14058838)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 745,177 822,601

CURRENT ASSETS
Debtors 246,493 -

CREDITORS
Amounts falling due within one year 313,660 45,519
NET CURRENT LIABILITIES (67,167 ) (45,519 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,010

777,082

CREDITORS
Amounts falling due after more than one year 5 799,019 832,827
NET LIABILITIES (121,009 ) (55,745 )

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings (121,010 ) (55,746 )
SHAREHOLDERS' FUNDS (121,009 ) (55,745 )

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

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

The director acknowledges his 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 DEVELOPMENT LIMITED (REGISTERED NUMBER: 14058838)

ABRIDGED BALANCE SHEET - continued
31 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 31 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 director and authorised for issue on 19 February 2025 and were signed by:





Mr Dean Aron White - Director


KINGSLEY HOUSING DEVELOPMENT LIMITED (REGISTERED NUMBER: 14058838)

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


1. STATUTORY INFORMATION

Kingsley Housing Development 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.

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.

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).

KINGSLEY HOUSING DEVELOPMENT LIMITED (REGISTERED NUMBER: 14058838)

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


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 822,601
Additions 276,035
Disposals (353,459 )
At 31 March 2024 745,177
NET BOOK VALUE
At 31 March 2024 745,177
At 31 March 2023 822,601

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Other Loan 799,019 832,827

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Other Loan 799,019 832,827

7. CALLED UP SHARE CAPITAL

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

KINGSLEY HOUSING DEVELOPMENT LIMITED (REGISTERED NUMBER: 14058838)

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


8. RELATED PARTY DISCLOSURES

Kingsley Housing Property Management Limited
As at the balance sheet date, the company owed £310,660 (2023: £2,117) to Kingsley Housing Property Management Limited, a company whose shares are also held by Kingsley Housing Limited, the parent undertaking.

Kingsley Housing Limited
As at the balance sheet date, the company was owed £246,493 (2023: £40,403 credit) by Kingsley Housing Limited, its parent undertaking.

9. 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.

10. PARENT COMPANY

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