Registered number
10288635
KEMPSTON PROPERTY DEVELOPMENT LTD
Filleted Accounts
31 March 2024
KEMPSTON PROPERTY DEVELOPMENT LTD
Registered number: 10288635
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 163,429 229,679
Cash at bank and in hand 4,400 16,236
167,829 245,915
Creditors: amounts falling due within one year 5 (193,585) (245,815)
Net current (liabilities)/assets (25,756) 100
Net (liabilities)/assets (25,756) 100
Capital and reserves
Called up share capital 100 100
Profit and loss account (25,856) -
Shareholder's funds (25,756) 100
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Harpreet Kaur
Director
Approved by the board on 17 March 2025
KEMPSTON PROPERTY DEVELOPMENT LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold land and buildings NIL
Investment property
Investment property is revalued annually for the fair value and the surplus or deficit is transferred
to profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 31 March 2024 - - - -
Depreciation
At 31 March 2024 - - - -
Net book value
At 31 March 2024 - - - -
Freehold land and buildings: 2024 2023
£ £
Historical cost - 1,052,372
Cumulative depreciation based on historical cost - -
- 1,052,372
The investment property was measured for fair value by the independent valuer, Aitchison Raffety Burton Knowles RICS resistered valuer, in their opinion the fair value of the investment property is around £2,050,000.
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 163,429 228,229
Other debtors - 1,450
163,429 229,679
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 360 360
Taxation and social security costs 188,423 188,423
Other creditors 2,620 54,850
Director's loan account 2,182 2,182
193,585 245,815
6 Revaluation reserve 2024 2023
£ £
At 1 April 2023 - 786,433
Loss on revaluation of land and buildings - (786,433)
At 31 March 2024 - -
7 Related party transactions 2024 2023
£ £
Harpreet Kaur
Director
Included within other creditors was an amount payable of: 2,182 2,182
Lincoln Court Developments Ltd
Common director
Included within other debtors is an amount receivable of: - 1,250
BCL Group Ltd
Common director
Included within amounts owed by group undertakings is am
amount receivable of:
163,429 226,219
8 Controlling party
The immediate and ultimate holding company is BCL Group Limited, a company register in
England and Wales.
9 Other information
KEMPSTON PROPERTY DEVELOPMENT LTD is a private company limited by shares and incorporated in England. Its registered office is:
Unit 9, Hounslow Business Park
Alice Way
Hounslow
Middlesex
TW3 3UD
KEMPSTON PROPERTY DEVELOPMENT LTD 10288635 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Harpreet Kaur No description of principal activity 10288635 2022-05-01 2023-03-31 10288635 core:RevaluationReserve core:LandBuildings 2022-05-01 2023-03-31 10288635 core:WithinOneYear 2023-03-31 10288635 core:ShareCapital 2023-03-31 10288635 core:RetainedEarningsAccumulatedLosses 2023-03-31 10288635 core:LandBuildings 2023-03-31 10288635 core:RevaluationReserve 2022-04-30 10288635 2023-04-01 2024-03-31 10288635 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10288635 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 10288635 bus:Director40 2023-04-01 2024-03-31 10288635 1 2023-04-01 2024-03-31 10288635 2 2023-04-01 2024-03-31 10288635 core:RevaluationReserve core:LandBuildings 2023-04-01 2024-03-31 10288635 countries:England 2023-04-01 2024-03-31 10288635 bus:FRS102 2023-04-01 2024-03-31 10288635 bus:FilletedAccounts 2023-04-01 2024-03-31 10288635 2024-03-31 10288635 core:WithinOneYear 2024-03-31 10288635 core:ShareCapital 2024-03-31 10288635 core:RetainedEarningsAccumulatedLosses 2024-03-31 10288635 core:LandBuildings 2024-03-31 10288635 core:PlantMachinery 2024-03-31 10288635 core:Vehicles 2024-03-31 10288635 core:RevaluationReserve 2024-03-31 10288635 2023-03-31 10288635 core:RevaluationReserve 2023-03-31 iso4217:GBP xbrli:pure