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Company No: 14714507 (England and Wales)

KENNINGHALL AHB LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

KENNINGHALL AHB LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

KENNINGHALL AHB LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
KENNINGHALL AHB LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTORS D A Ross
B A Widdowson
G A Widdowson
REGISTERED OFFICE The Kelling Estate Office
Kelling
NR25 7EW
United Kingdom
COMPANY NUMBER 14714507 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
KENNINGHALL AHB LIMITED

BALANCE SHEET

As at 31 October 2024
KENNINGHALL AHB LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 31.10.2024 31.10.2023
£ £
Fixed assets
Tangible assets 3 127,013 169,351
Investment property 4 1,277,416 1,242,337
1,404,429 1,411,688
Current assets
Debtors 5 55,339 19,409
Cash at bank and in hand 9,094 58,245
64,433 77,654
Creditors: amounts falling due within one year 6 ( 1,547,250) ( 1,539,577)
Net current liabilities (1,482,817) (1,461,923)
Total assets less current liabilities (78,388) (50,235)
Net liabilities ( 78,388) ( 50,235)
Capital and reserves
Called-up share capital 100 100
Profit and loss account ( 78,488 ) ( 50,335 )
Total shareholder's deficit ( 78,388) ( 50,235)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Kenninghall AHB Limited (registered number: 14714507) were approved and authorised for issue by the Board of Directors on 25 March 2025. They were signed on its behalf by:

D A Ross
Director
KENNINGHALL AHB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
KENNINGHALL AHB LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Kenninghall AHB Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Kelling Estate Office, Kelling, NR25 7EW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover represents rent and service charges receivable during the year net of value added tax in accordance with applicable accounting standards. Lease incentives income from operating leases are spread over the lease term.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

Year ended
31.10.2024
Period from
08.03.2023 to
31.10.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Office equipment Total
£ £
Cost
At 01 November 2023 225,802 225,802
At 31 October 2024 225,802 225,802
Accumulated depreciation
At 01 November 2023 56,451 56,451
Charge for the financial year 42,338 42,338
At 31 October 2024 98,789 98,789
Net book value
At 31 October 2024 127,013 127,013
At 31 October 2023 169,351 169,351

4. Investment property

Investment property
£
Valuation
As at 01 November 2023 1,242,337
Additions 35,079
As at 31 October 2024 1,277,416

The investment property was valued on a fair value basis on 31st October 2024 by the directors.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

31.10.2024 31.10.2023
£ £
Historic cost 1,277,416 1,242,337

5. Debtors

31.10.2024 31.10.2023
£ £
Other debtors 55,339 19,409

6. Creditors: amounts falling due within one year

31.10.2024 31.10.2023
£ £
Amounts owed to related parties 1,540,752 1,537,752
Taxation and social security 4,998 1,825
Other creditors 1,500 0
1,547,250 1,539,577

7. Ultimate controlling party

The ultimate parent company is Kenninghall Group Limited , registered in England and Wales.
Registered number is 05349383 and registered office is The Kelling Estate Office, Kelling, Norfolk, United Kingdom, NR25 7EW.