Caseware UK (AP4) 2024.0.164 2024.0.164 2024-04-302024-04-30falsefalse2023-05-01ABC11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09853229 2023-05-01 2024-04-30 09853229 2022-05-01 2023-04-30 09853229 2024-04-30 09853229 2023-04-30 09853229 c:Director1 2023-05-01 2024-04-30 09853229 d:Buildings 2023-05-01 2024-04-30 09853229 d:Buildings 2024-04-30 09853229 d:Buildings 2023-04-30 09853229 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853229 d:PlantMachinery 2023-05-01 2024-04-30 09853229 d:PlantMachinery 2024-04-30 09853229 d:PlantMachinery 2023-04-30 09853229 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853229 d:FurnitureFittings 2023-05-01 2024-04-30 09853229 d:FurnitureFittings 2024-04-30 09853229 d:FurnitureFittings 2023-04-30 09853229 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853229 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 09853229 d:CurrentFinancialInstruments 2024-04-30 09853229 d:CurrentFinancialInstruments 2023-04-30 09853229 d:Non-currentFinancialInstruments 2024-04-30 09853229 d:Non-currentFinancialInstruments 2023-04-30 09853229 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 09853229 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 09853229 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 09853229 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 09853229 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 09853229 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 09853229 d:ShareCapital 2024-04-30 09853229 d:ShareCapital 2023-04-30 09853229 d:SharePremium 2024-04-30 09853229 d:SharePremium 2023-04-30 09853229 d:RetainedEarningsAccumulatedLosses 2024-04-30 09853229 d:RetainedEarningsAccumulatedLosses 2023-04-30 09853229 c:FRS102 2023-05-01 2024-04-30 09853229 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 09853229 c:FullAccounts 2023-05-01 2024-04-30 09853229 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 09853229 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 09853229









THE KILNS RESIDENCE LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
THE KILNS RESIDENCE LIMITED
REGISTERED NUMBER: 09853229

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
                                                                       Note
£
£

Fixed assets
  

Tangible assets
 4 
3,506,631
-

  
3,506,631
-

Current assets
  

Debtors: amounts falling due within one year
 5 
106,050
100

Cash at bank and in hand
 6 
17,445
22,685

  
123,495
22,785

Creditors: amounts falling due within one year
 7 
(578,529)
(23,274)

Net current liabilities
  
 
 
(455,034)
 
 
(489)

Total assets less current liabilities
  
3,051,597
(489)

Creditors: amounts falling due after more than one year
 8 
(2,553,214)
-

  

Net assets/(liabilities)
  
498,383
(489)


Capital and reserves
  

Called up share capital 
  
101
100

Share premium account
  
522,478
-

Profit and loss account
  
(24,196)
(589)

  
498,383
(489)


Page 1

 
THE KILNS RESIDENCE LIMITED
REGISTERED NUMBER: 09853229
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 April 2025.




V Khatri
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
THE KILNS RESIDENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

The Kilns Residence Ltd ("the Company") is a private limited company by shares and it is incorporated in England and Wales. The Company's principal activity is that of property investment. 
The address of its registered office is 74 Leytonstone Road, London, England, E15 1SQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
2.3

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in Statement of income and retained earnings in the year in which they are incurred.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
THE KILNS RESIDENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant and machinery
-
25%
on a reducing balance basis
Fixtures and fittings
-
25%
on a reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

  
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
THE KILNS RESIDENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Fixtures and fittings
Total

£
£
£
£



Cost or valuation


Additions
3,504,786
1,452
1,008
3,507,246



At 30 April 2024

3,504,786
1,452
1,008
3,507,246



Depreciation


Charge for the year on owned assets
-
363
252
615



At 30 April 2024

-
363
252
615



Net book value



At 30 April 2024
3,504,786
1,089
756
3,506,631



At 30 April 2023
-
-
-
-

Page 5

 
THE KILNS RESIDENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Debtors

2024
2023
£
£


Amounts owed by group company
105,200
-

Other debtors
750
-

Called up share capital not paid
100
100

106,050
100



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
17,445
22,685

17,445
22,685



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
576,779
23,274

Accruals and deferred income
1,750
-

578,529
23,274



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
2,553,214
-

2,553,214
-


Page 6

 
THE KILNS RESIDENCE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
2,553,214
-

2,553,214
-

2,553,214
-



10.


Related party transactions

Included within creditors is an amount of £80 owed to (2023 - £23,274) the director of the company.

 
Page 7