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REGISTERED NUMBER: 02609370 (England and Wales)











KINGSTON CORPORATION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2023






KINGSTON CORPORATION LIMITED (REGISTERED NUMBER: 02609370)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4

Chartered accountants' report 7

KINGSTON CORPORATION LIMITED

COMPANY INFORMATION
for the year ended 30 November 2023







DIRECTORS: R Kingston
Mrs M Kingston





SECRETARY: R Kingston





REGISTERED OFFICE: Lygon House
50 London Road
Bromley
Kent
BR1 3RA





REGISTERED NUMBER: 02609370 (England and Wales)





ACCOUNTANTS: Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA

KINGSTON CORPORATION LIMITED (REGISTERED NUMBER: 02609370)

BALANCE SHEET
30 November 2023

2023 2022
Notes £    £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Debtors 5 980 5,052
Cash at bank 72 688
1,052 5,740
CREDITORS
Amounts falling due within one year 6 41,857 50,142
NET CURRENT LIABILITIES (40,805 ) (44,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

409,195

405,598

CREDITORS
Amounts falling due after more than one
year

7

(22,633

)

(23,718

)

PROVISIONS FOR LIABILITIES (64,152 ) (74,681 )
NET ASSETS 322,410 307,199

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 322,310 307,099
SHAREHOLDERS' FUNDS 322,410 307,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

KINGSTON CORPORATION LIMITED (REGISTERED NUMBER: 02609370)

BALANCE SHEET - continued
30 November 2023


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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 May 2025 and were signed on its behalf by:





R Kingston - Director


KINGSTON CORPORATION LIMITED (REGISTERED NUMBER: 02609370)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Kingston Corporation 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 represents rental income receivable.


Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 (2022 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 450,000
NET BOOK VALUE
At 30 November 2023 450,000
At 30 November 2022 450,000

KINGSTON CORPORATION LIMITED (REGISTERED NUMBER: 02609370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

4. INVESTMENT PROPERTY - continued

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 450,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 81,682 81,682

Investment property was valued on an open market basis on 30 November 2023 by the director of the company .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 4,072
Other debtors 980 980
980 5,052

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,660 6,660
Other creditors 35,197 43,482
41,857 50,142

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 22,633 23,718

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 29,293 30,378

KINGSTON CORPORATION LIMITED (REGISTERED NUMBER: 02609370)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2023

9. RESERVES
Retained
earnings
£   

At 1 December 2022 307,099
Profit for the year 15,211
At 30 November 2023 322,310




Distributable
reserves


Non-
distributable
reserve




Totals
£££

At 1 December 202213,462293,637307,099
Profit for the year4,68210,52915,211
At 30 November 202318,144304,166322,310

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
KINGSTON CORPORATION LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance sheet. Readers are cautioned that the Income statement and certain other primary statements and the Report of the directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kingston Corporation Limited for the year ended 30 November 2023 which comprise the Statement of income and retained earnings, Balance sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kingston Corporation Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kingston Corporation Limited and state those matters that we have agreed to state to the Board of Directors of Kingston Corporation Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kingston Corporation Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kingston Corporation Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kingston Corporation Limited. You consider that Kingston Corporation Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kingston Corporation Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Berringers LLP
Chartered Accountants
Lygon House
50 London Road
Bromley
Kent
BR1 3RA


9 May 2025