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REGISTERED NUMBER: 12834923 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

KEMPSEY ENTERPRISE LIMITED

KEMPSEY ENTERPRISE LIMITED (REGISTERED NUMBER: 12834923)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KEMPSEY ENTERPRISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J Bird
Mrs E V Bird





REGISTERED OFFICE: 34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG





REGISTERED NUMBER: 12834923 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

KEMPSEY ENTERPRISE LIMITED (REGISTERED NUMBER: 12834923)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,081,331 865,915

CURRENT ASSETS
Debtors 5 42,160 34,749
Cash at bank and in hand 591,925 253,320
634,085 288,069
CREDITORS
Amounts falling due within one year 6 902,997 918,487
NET CURRENT LIABILITIES (268,912 ) (630,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

812,419

235,497

CREDITORS
Amounts falling due after more than one
year

7

(611,000

)

-

PROVISIONS FOR LIABILITIES (55,362 ) (42,075 )
NET ASSETS 146,057 193,422

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 166,085 179,372
Retained earnings (20,128 ) 13,950
146,057 193,422

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

KEMPSEY ENTERPRISE LIMITED (REGISTERED NUMBER: 12834923)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:





J Bird - Director


KEMPSEY ENTERPRISE LIMITED (REGISTERED NUMBER: 12834923)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Kempsey Enterprise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost

Freehold property comprises a development site which will not be depreciated until it is bought into use.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

KEMPSEY ENTERPRISE LIMITED (REGISTERED NUMBER: 12834923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 810,000 58,346 868,346
Additions 216,128 5,300 221,428
At 31 August 2024 1,026,128 63,646 1,089,774
DEPRECIATION
At 1 September 2023 - 2,431 2,431
Charge for year - 6,012 6,012
At 31 August 2024 - 8,443 8,443
NET BOOK VALUE
At 31 August 2024 1,026,128 55,203 1,081,331
At 31 August 2023 810,000 55,915 865,915

Cost or valuation at 31 August 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 221,446 - 221,446
Cost 804,682 63,646 868,328
1,026,128 63,646 1,089,774

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 588,554 588,554

Value of land in freehold land and buildings 588,554 588,554

Freehold property has been valued by the director to reflect its market value at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,609 30,000
Other debtors 7,551 4,749
42,160 34,749

KEMPSEY ENTERPRISE LIMITED (REGISTERED NUMBER: 12834923)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 17,942 -
Taxation and social security - 3,843
Other creditors 885,055 914,644
902,997 918,487

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 611,000 -

8. RESERVES
Revaluation
reserve
£   
At 1 September 2023 179,372
Revaluation reserve (13,287 )

At 31 August 2024 166,085