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Company Registration No. NI681569 (Northern Ireland)
Kingstonford Developments Ltd Unaudited accounts for the year ended 31 August 2024
Kingstonford Developments Ltd Unaudited accounts Contents
Page
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Kingstonford Developments Ltd Company Information for the year ended 31 August 2024
Directors
S J Hynes C J Meegan C D O'Hanlon
Company Number
NI681569 (Northern Ireland)
Registered Office
c/o SJK Chartered Accountants 8 Bridge Road Moira BT67 0PF
Accountants
SJK 8 Bridge Road Moira Co. Armagh BT67 0PF
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Kingstonford Developments Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,256 
- 
Investment property
144,503 
141,354 
148,759 
141,354 
Current assets
Cash at bank and in hand
1,288 
21,370 
Creditors: amounts falling due within one year
(955)
(73)
Net current assets
333 
21,297 
Total assets less current liabilities
149,092 
162,651 
Creditors: amounts falling due after more than one year
(189,144)
(182,678)
Net liabilities
(40,052)
(20,027)
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
(40,202)
(20,177)
Shareholders' funds
(40,052)
(20,027)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by
S J Hynes Director Company Registration No. NI681569
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Kingstonford Developments Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Kingstonford Developments Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI681569. The registered office is c/o, SJK Chartered Accountants, 8 Bridge Road, Moira, BT67 0PF.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2023
- 
Additions
4,560 
At 31 August 2024
4,560 
Depreciation
Charge for the year
304 
At 31 August 2024
304 
Net book value
At 31 August 2024
4,256 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
141,354 
Additions
3,149 
At 31 August 2024
144,503 
The directors consider that the above value of investment property represents the market value at 31 August 2024.
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Kingstonford Developments Ltd Notes to the Accounts for the year ended 31 August 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
955 
73 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
86,779 
100,000 
Amounts owed to group undertakings and other participating interests
99,879 
50,104 
Loans from directors
2,486 
32,574 
189,144 
182,678 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
32,574 
- 
30,088 
2,486 
32,574 
- 
30,088 
2,486 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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