IRIS Accounts Production v24.2.0.383 04503573 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh045035732023-08-31045035732024-08-31045035732023-09-012024-08-31045035732022-08-31045035732022-09-012023-08-31045035732023-08-3104503573ns15:EnglandWales2023-09-012024-08-3104503573ns14:PoundSterling2023-09-012024-08-3104503573ns10:Director12023-09-012024-08-3104503573ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3104503573ns10:SmallEntities2023-09-012024-08-3104503573ns10:AuditExemptWithAccountantsReport2023-09-012024-08-3104503573ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3104503573ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3104503573ns10:FullAccounts2023-09-012024-08-3104503573ns10:Director22023-09-012024-08-3104503573ns10:RegisteredOffice2023-09-012024-08-3104503573ns5:CurrentFinancialInstruments2024-08-3104503573ns5:CurrentFinancialInstruments2023-08-3104503573ns5:ShareCapital2024-08-3104503573ns5:ShareCapital2023-08-3104503573ns5:RetainedEarningsAccumulatedLosses2024-08-3104503573ns5:RetainedEarningsAccumulatedLosses2023-08-3104503573ns5:LandBuildings2023-09-012024-08-3104503573ns5:PlantMachinery2023-09-012024-08-3104503573ns5:OwnedAssets2023-09-012024-08-3104503573ns5:OwnedAssets2022-09-012023-08-3104503573ns5:LandBuildings2023-08-3104503573ns5:PlantMachinery2023-08-3104503573ns5:LandBuildings2024-08-3104503573ns5:PlantMachinery2024-08-3104503573ns5:LandBuildings2023-08-3104503573ns5:PlantMachinery2023-08-3104503573ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3104503573ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-31
REGISTERED NUMBER: 04503573 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 August 2024

for

Holt and Kennedy Properties Limited

Holt and Kennedy Properties Limited (Registered number: 04503573)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Holt and Kennedy Properties Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs F R Kennedy
A M Holt





REGISTERED OFFICE: 6 Westward View
Waterloo
Liverpool
Merseyside
L22 6RB





REGISTERED NUMBER: 04503573 (England and Wales)





ACCOUNTANTS: M P Greaves Limited
Chartered Certified Accountants
74 Marmot Road
Liverpool
Merseyside
L37 6GB

Holt and Kennedy Properties Limited (Registered number: 04503573)

Report of the Directors
for the Year Ended 31 August 2024

The directors present their report with the financial statements of the company for the year ended 31 August 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of property rental.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 September 2023 to the date of this report.

Mrs F R Kennedy
A M Holt

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mrs F R Kennedy - Director


13 March 2025

Holt and Kennedy Properties Limited (Registered number: 04503573)

Income Statement
for the Year Ended 31 August 2024

31.8.24 31.8.23
Notes £    £   

TURNOVER 46,838 36,602

Administrative expenses 7,322 7,025
OPERATING PROFIT and
PROFIT BEFORE TAXATION 39,516 29,577

Tax on profit 7,560 5,637
PROFIT FOR THE FINANCIAL YEAR 31,956 23,940

Holt and Kennedy Properties Limited (Registered number: 04503573)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 498,225 498,499

CURRENT ASSETS
Debtors 6 1,295 1,295
Prepayments and accrued income 1,405 1,227
Cash at bank 29,125 11,638
31,825 14,160
CREDITORS
Amounts falling due within one year 7 182,857 196,412
NET CURRENT LIABILITIES (151,032 ) (182,252 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,193

316,247

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 346,993 316,047
SHAREHOLDERS' FUNDS 347,193 316,247

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:





Mrs F R Kennedy - Director


Holt and Kennedy Properties Limited (Registered number: 04503573)

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

1. STATUTORY INFORMATION

Holt and Kennedy Properties 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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance

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 2 (2023 - 2 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.8.24 31.8.23
£    £   
Depreciation - owned assets 274 92

Holt and Kennedy Properties Limited (Registered number: 04503573)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023
and 31 August 2024 498,225 1,422 499,647
DEPRECIATION
At 1 September 2023 - 1,148 1,148
Charge for year - 274 274
At 31 August 2024 - 1,422 1,422
NET BOOK VALUE
At 31 August 2024 498,225 - 498,225
At 31 August 2023 498,225 274 498,499

Cost or valuation at 31 August 2024 is represented by:

Land and
buildings
£   
Valuation in 2017 (125,087 )
Valuation in 2019 9,000
Valuation in 2020 18,832
Valuation in 2021 (8,090 )
Cost 603,570
498,225

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.8.24 31.8.23
£    £   
Cost 603,570 642,730

Freehold land and buildings were valued on an open market basis on 31 August 2024 by Mrs F R Kennedy, Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Other debtors 1,295 1,295

Holt and Kennedy Properties Limited (Registered number: 04503573)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 7,560 5,637
Other creditors 175,297 190,775
182,857 196,412