Registered number
01988384
Kincora Management Ltd
Filleted Accounts
31 December 2024
Mattison & Co.
Accountants
70 High Street
Chislehurst
Kent
BR7 5AQ
Kincora Management Ltd
Registered number: 01988384
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 216 677
Cash at bank and in hand 42,433 46,447
42,649 47,124
Creditors: amounts falling due within one year 4 (33,570) (31,471)
Net current assets 9,079 15,653
Net assets 9,079 15,653
Capital and reserves
Called up share capital 100 100
Profit and loss account 8,979 15,553
Shareholders' funds 9,079 15,653
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr M.P.T. Abbott
Director
Approved by the board on 10 April 2025
Kincora Management Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
The Company owns the freehold interest in Kings Court at nil cost. The leases run for 999 years from 28th March 1986.
Contractual Commitments
The company contracts with third parties in its own name for the supply of services to the property for maintenance of the common parts in accordance with the terms of the leases. There were no outstanding commitments at 31 December 2023.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
No liability arises.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Debtors 2024 2023
£ £
Other debtors 216 677
4 Creditors: amounts falling due within one year 2024 2023
£ £
Services charges in advance 24,150 21,000
Other creditors 9,420 10,471
33,570 31,471
5 Other information
Kincora Management Ltd is a private company limited by shares and incorporated in England. Its registered office is:
70 High Street
Chislehurst
Kent
The Directors of the company are lessees either solely or jointly with others of flats in Kings Court and therefore share in the service charges payable to the company. These charges are in accordance with the provisions of the leases.
The Directors receive no remuneration for their services to the Company.
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