1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-09-01 Sage Accounts Production Advanced 2024 - FRS102_2024 54,950 14,596 10,088 24,684 30,266 40,354 74,671 25,881 5,867 1,314 55,971 55,971 74,671 xbrli:pure xbrli:shares iso4217:GBP 12796109 2023-09-01 2024-08-31 12796109 2024-08-31 12796109 2023-08-31 12796109 2022-09-01 2023-08-31 12796109 2023-08-31 12796109 2022-08-31 12796109 core:MotorVehicles 2023-09-01 2024-08-31 12796109 bus:Director1 2023-09-01 2024-08-31 12796109 core:MotorVehicles 2023-08-31 12796109 core:MotorVehicles 2024-08-31 12796109 core:WithinOneYear 2024-08-31 12796109 core:WithinOneYear 2023-08-31 12796109 core:AfterOneYear 2024-08-31 12796109 core:AfterOneYear 2023-08-31 12796109 core:ShareCapital 2024-08-31 12796109 core:ShareCapital 2023-08-31 12796109 core:RevaluationReserve 2024-08-31 12796109 core:RevaluationReserve 2023-08-31 12796109 core:RetainedEarningsAccumulatedLosses 2024-08-31 12796109 core:RetainedEarningsAccumulatedLosses 2023-08-31 12796109 core:CostValuation core:Non-currentFinancialInstruments 2023-08-31 12796109 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-08-31 12796109 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-08-31 12796109 core:Non-currentFinancialInstruments core:OtherIncreaseDecreaseInInvestments 2024-08-31 12796109 core:CostValuation core:Non-currentFinancialInstruments 2024-08-31 12796109 core:Non-currentFinancialInstruments 2024-08-31 12796109 core:Non-currentFinancialInstruments 2023-08-31 12796109 core:MotorVehicles 2023-08-31 12796109 bus:SmallEntities 2023-09-01 2024-08-31 12796109 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 12796109 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 12796109 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 12796109 bus:FullAccounts 2023-09-01 2024-08-31
COMPANY REGISTRATION NUMBER: 12796109
Kingsclere Advisory Ltd
Filleted Unaudited Financial Statements
31 August 2024
Kingsclere Advisory Ltd
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
30,266
40,354
Investments
6
55,971
74,671
--------
---------
86,237
115,025
Current assets
Debtors
7
3,834
3,745
Cash at bank and in hand
14,688
3,414
--------
-------
18,522
7,159
Creditors: amounts falling due within one year
8
7,273
7,169
--------
-------
Net current assets/(liabilities)
11,249
( 10)
--------
---------
Total assets less current liabilities
97,486
115,015
Creditors: amounts falling due after more than one year
9
25,878
32,064
--------
---------
Net assets
71,608
82,951
--------
---------
Capital and reserves
Called up share capital
10
10
Revaluation reserve
882
( 4,985)
Profit and loss account
70,716
87,926
--------
--------
Shareholders funds
71,608
82,951
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Kingsclere Advisory Ltd
Statement of Financial Position (continued)
31 August 2024
These financial statements were approved by the board of directors and authorised for issue on 15 April 2025 , and are signed on behalf of the board by:
Mr M Blythman
Director
Company registration number: 12796109
Kingsclere Advisory Ltd
Notes to the Financial Statements
Year ended 31 August 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Biddenham Turn, Biddenham, Bedford, MK40 4AT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Motor vehicles
£
Cost
At 1 September 2023 and 31 August 2024
54,950
--------
Depreciation
At 1 September 2023
14,596
Charge for the year
10,088
--------
At 31 August 2024
24,684
--------
Carrying amount
At 31 August 2024
30,266
--------
At 31 August 2023
40,354
--------
6. Investments
Other investments other than loans
£
Cost
At 1 September 2023
74,671
Disposals
( 25,881)
Revaluations
5,867
Other movements
1,314
--------
At 31 August 2024
55,971
--------
Impairment
At 1 September 2023 and 31 August 2024
--------
Carrying amount
At 31 August 2024
55,971
--------
At 31 August 2023
74,671
--------
7. Debtors
2024
2023
£
£
Other debtors
3,834
3,745
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
( 104)
Other creditors
7,273
7,273
-------
-------
7,273
7,169
-------
-------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
25,878
32,064
--------
--------