1 July 2023 v2025.18.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP102258512023-07-012024-06-30102258512024-06-30102258512023-06-3010225851core:WithinOneYear2024-06-3010225851core:WithinOneYear2023-06-3010225851core:AfterOneYear2024-06-3010225851core:AfterOneYear2023-06-3010225851core:ShareCapital2024-06-3010225851core:ShareCapital2023-06-3010225851core:RetainedEarningsAccumulatedLosses2024-06-3010225851core:RetainedEarningsAccumulatedLosses2023-06-3010225851bus:Director12023-07-012024-06-3010225851bus:RegisteredOffice2023-07-012024-06-30102258512022-07-012023-06-3010225851core:PlantMachinery2024-06-3010225851core:PlantMachinery2023-07-0110225851core:PlantMachinery2023-07-012024-06-3010225851core:PlantMachinery2023-06-301022585112023-07-012024-06-3010225851countries:EnglandWales2023-07-012024-06-3010225851bus:AuditExemptWithAccountantsReport2023-07-012024-06-3010225851bus:PrivateLimitedCompanyLtd2023-07-012024-06-3010225851bus:SmallEntities2023-07-012024-06-3010225851bus:FullAccounts2023-07-012024-06-30
Company registration number:
10225851
Kensington Prime Hotel Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Clientline Tax Limited trading as On The Spot
Part of a franchise network
No. 1 Middle Floor, 12 Guithavon Street, Witham, Essex, CM8 1BN, United Kingdom
Kensington Prime Hotel Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Kensington Prime Hotel Limited
Year ended
30 June 2024
As described on the statement of financial position, the Board of Directors of
Kensington Prime Hotel Limited
are responsible for the preparation of the
financial statements
for the year ended
30 June 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Clientline Tax Limited trading as On The Spot
Part of a franchise network
No. 1 Middle Floor
12 Guithavon Street
Witham
Essex
CM8 1BN
United Kingdom
Date:
25 March 2025
Kensington Prime Hotel Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
99,797
 
132,628
 
Current assets    
Debtors 6
1,572
 
21,252
 
Cash at bank and in hand
9,600
 
17,187
 
11,172
 
38,439
 
Creditors: amounts falling due within one year 7
(239,031
)
(259,998
)
Net current liabilities
(227,859
)
(221,559
)
Total assets less current liabilities (128,062 ) (88,931 )
Creditors: amounts falling due after more than one year 8
(10,747
)
(20,747
)
Provisions for liabilities
(198
)
2,141
 
Net liabilities
(139,007
)
(107,537
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(139,107
)
(107,637
)
Shareholders deficit
(139,007
)
(107,537
)
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
25 March 2025
, and are signed on behalf of the board by:
Mr A Tareq Abd Al Rubaye
Director
Company registration number:
10225851
Kensington Prime Hotel Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
7 Russell Road
,
London
,
Kensington
,
W14 8JA
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Going concern

Although the difficult trading conditions experienced by this sector have resulted in negative reserves for the company, the directors continue to maintain a profit and have therefore continued to adopt the going concern basis of accounting.

Turnover

Revenue, described as turnover, is the value of services (net of VAT) provided to customers during the year, plus the value of work (net of VAT) performed during the year with respect to services. Revenue is recognised on the sale of services when the services are delivered and title has passed. Revenue is recognised on the provision of services on a percentage degree of completion basis calculated by reference to the time expended compared to the total anticipated time.

Financial instruments

Financial instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

Defined contribution pension plan

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in independently administered funds. The pension costs charge represents contributions payable for the period by the company to the fund.

4 Average number of employees

The average number of persons employed by the company during the year was
12
(2023:
10.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 July 2023
and
30 June 2024
804,808
 
Depreciation  
At
1 July 2023
672,180
 
Charge
32,831
 
At
30 June 2024
705,011
 
Carrying amount  
At
30 June 2024
99,797
 
At 30 June 2023
132,628
 

6 Debtors

20242023
££
Trade debtors -  
21,252
 
Other debtors
1,572
  -  
1,572
 
21,252
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
10,000
 
10,000
 
Trade creditors
18,882
 
16,144
 
Taxation and social security
8,782
 
14,918
 
Other creditors
201,367
 
218,936
 
239,031
 
259,998
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
10,747
 
20,747