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Company Registration No. 12049539 (England and Wales)
Kendall Bailey Acquisitions Ltd Unaudited accounts for the year ended 30 June 2024
Kendall Bailey Acquisitions Ltd Unaudited accounts Contents
Page
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Kendall Bailey Acquisitions Ltd Company Information for the year ended 30 June 2024
Director
Katrina Louise Jones
Company Number
12049539 (England and Wales)
Registered Office
First Floor 85 Great Portland Street London W1W 7LT England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Kendall Bailey Acquisitions Ltd Accountants' report
Accountants' report to the director of Kendall Bailey Acquisitions Ltd on the preparation of the unaudited statutory accounts for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kendall Bailey Acquisitions Ltd for the year ended 30 June 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Kendall Bailey Acquisitions Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Kendall Bailey Acquisitions Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kendall Bailey Acquisitions Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Kendall Bailey Acquisitions Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Kendall Bailey Acquisitions Ltd. You consider that Kendall Bailey Acquisitions Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Kendall Bailey Acquisitions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 13 March 2025
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Kendall Bailey Acquisitions Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
701 
Investment property
299,298 
299,298 
Investments
701 
- 
299,999 
299,999 
Current assets
Debtors
1,128 
1,000 
Cash at bank and in hand
2,149 
2,004 
3,277 
3,004 
Creditors: amounts falling due within one year
(64,942)
(70,596)
Net current liabilities
(61,665)
(67,592)
Total assets less current liabilities
238,334 
232,407 
Creditors: amounts falling due after more than one year
(158,917)
(159,269)
Provisions for liabilities
Deferred tax
(18,842)
(18,667)
Net assets
60,575 
54,471 
Capital and reserves
Called up share capital
1 
1 
Revaluation reserve
56,525 
55,999 
Profit and loss account
4,049 
(1,529)
Shareholders' funds
60,575 
54,471 
For the year ending 30 June 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 March 2025 and were signed on its behalf by
Katrina Louise Jones Director Company Registration No. 12049539
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Kendall Bailey Acquisitions Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Kendall Bailey Acquisitions Ltd is a private company, limited by shares, registered in England and Wales, registration number 12049539. The registered office is First Floor, 85 Great Portland Street, London, W1W 7LT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Kendall Bailey Acquisitions Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
7,283 
At 30 June 2024
7,283 
Depreciation
At 1 July 2023
6,582 
Charge for the year
701 
At 30 June 2024
7,283 
Net book value
At 30 June 2024
- 
At 30 June 2023
701 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
299,298 
At 30 June 2024
299,298 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 July 2023
- 
Fair value adjustments
701 
Valuation at 30 June 2024
701 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,128 
1,000 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
1,597 
- 
Other creditors
62,085 
62,434 
Loans from directors
- 
7,142 
Accruals
1,260 
1,020 
64,942 
70,596 
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Kendall Bailey Acquisitions Ltd Notes to the Accounts for the year ended 30 June 2024
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
158,917 
159,269 
Aggregate of amounts that fall due for payment after five years
149,626 
149,626 
Included in long term creditors is a bank loan secured on the investment property. A personal guarantee has been provided.
10
Deferred taxation
2024 
2023 
£ 
£ 
Revaluation of investment property
18,842 
18,667 
2024 
2023 
£ 
£ 
Provision at start of year
18,667 
- 
Charged to the profit and loss account
175 
18,667 
Provision at end of year
18,842 
18,667 
Comparatives have been restated for deferred tax on revaluation of investment properties.
11
Transactions with related parties
Included in current liabilities is a related party loan of £61,087 (2023 - £61,434). The loan is interest-free and repayable on demand.
12
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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