1 1 Kingston Lane Limited 12056432 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is Property Development Digita Accounts Production Advanced 6.30.9574.0 true false 12056432 2023-07-01 2024-06-30 12056432 2024-06-30 12056432 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 12056432 bus:SmallEntities 2023-07-01 2024-06-30 12056432 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 12056432 bus:FilletedAccounts 2023-07-01 2024-06-30 12056432 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12056432 bus:RegisteredOffice 2023-07-01 2024-06-30 12056432 bus:Director1 2023-07-01 2024-06-30 12056432 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12056432 bus:Agent1 2023-07-01 2024-06-30 12056432 1 2023-07-01 2024-06-30 12056432 countries:AllCountries 2023-07-01 2024-06-30 12056432 2022-07-01 2023-06-30 12056432 2023-06-30 12056432 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 xbrli:pure iso4217:GBP

Registration number: 12056432

Kingston Lane Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Kingston Lane Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Kingston Lane Limited

Company Information

Director

Mr A Everett

Registered office

Kings Works
Kings Road
Teddington
Middlesex
TW11 0QB

Accountants

Grays Accountants Ltd

 

Kingston Lane Limited

(Registration number: 12056432)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

14,395

14,395

Creditors: Amounts falling due within one year

5

(14,572)

(15,633)

Net liabilities

 

(177)

(1,238)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(277)

(1,338)

Shareholders' deficit

 

(177)

(1,238)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 March 2025
 

.........................................
Mr A Everett
Director

 

Kingston Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Kings Works
Kings Road
Teddington
Middlesex
TW11 0QB
England

These financial statements were authorised for issue by the director on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Kingston Lane Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Stocks

2024
£

2023
£

Work in progress

14,395

14,395

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

572

1,633

Accruals and deferred income

 

14,000

14,000

 

14,572

15,633

6

Parent and ultimate parent undertaking

The company's immediate parent is Everett Property Consultants Ltd , incorporated in United Kingdom.

 The ultimate controlling party is Mr A Everett.