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Registered Number: 11465848
England and Wales

 

 

 

KUDOS APARTMENTS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Directors Jack William Brown
Gordon Brown
Registered Number 11465848
Registered Office Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
Kent
TN4 9PA
Accountants OMB Tax Limited
Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 30 June 2024.
Principal activities
The Company's principal activity during the financial year was and continues to be that of the operator of houses of multiple occupation.  
Directors
The directors who served throughout the year were as follows:
Jack William Brown
Gordon Brown
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.  Company law requires the directors to prepare financial statements for each financial year.  Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102).  Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and the profit or loss of the Company for that period.  In preparing these financial statements, the directors are required to:

- Select suitable accounting policies and then apply them consistently;
- Make judgements and accounting estimates that are reasonable and prudent;
- State whether applicable UK Accounting Standards have been followed (subject to any material departures disclosed); and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume continuation.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and enable them to ensure that the financial statements comply with the Companies Act 2006.  They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website.

Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
Jack William Brown
Director

Date approved: 05 March 2025
2
You consider that the Company is exempt from an audit for the year ended 30 June 2024.

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.  These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year and of its profit or loss for the financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts.



....................................................

OMB Tax Limited

Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
05 March 2025
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 17,807    17,613 
17,807    17,613 
Current assets      
Debtors 4 11,219    1,000 
Cash at bank and in hand 9,202    29,237 
20,421    30,237 
Creditors: amount falling due within one year 5 (4,475)   (7,863)
Net current assets 15,946    22,374 
 
Total assets less current liabilities 33,753    39,987 
Creditors: amount falling due after more than one year 6 (10,621)   (12,913)
Net assets 23,132    27,074 
 

Capital and reserves
     
Called up share capital 7 1    1 
Profit and loss account 23,131    27,073 
Shareholders' funds 23,132    27,074 
 


For the year ended 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 05 March 2025 and were signed on its behalf by:


-------------------------------
Jack William Brown
Director
4
General Information
Kudos Apartments Ltd is a private company, limited by shares, registered in England and Wales, under 11465848, at Unit 10, Clayfield Mews, Newcomen Road, Tunbridge Wells, Kent, TN4 9PA. 
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102(1A) The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been presented in £ sterling, which is also the operational currency of the Company, under the historical cost convention in accordance with the accounting policies. 
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the rents received plus the invoiced value of communal services supplied by the Company.
Taxation
Taxation represents the sum of tax currently payable recognised in the profit and loss account. The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.  Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment.  Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Total
  £   £   £
At 01 July 2023 7,647    22,946    30,593 
Additions 2,415    1,036    3,451 
Disposals    
At 30 June 2024 10,062    23,982    34,044 
Depreciation
At 01 July 2023 3,896    9,084    12,980 
Charge for year 1,233    2,024    3,257 
On disposals    
At 30 June 2024 5,129    11,108    16,237 
Net book values
Closing balance as at 30 June 2024 4,933    12,874    17,807 
Opening balance as at 01 July 2023 3,751    13,862    17,613 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Prepayments & Accrued Income 9,969   
Other Debtors 1,250    1,000 
11,219    1,000 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 2,475    5,363 
Accrued Accountancy Costs 2,000    2,500 
4,475    7,863 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Jack Brown 10,621    12,913 
10,621    12,913 

7.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

5