Company registration number 13591487 (England and Wales)
KEMPIN ROCK LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
KEMPIN ROCK LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
KEMPIN ROCK LTD
BALANCE SHEET
AS AT
31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
39,197
44,366
Current assets
Debtors
5
10,000
3,126
Cash at bank and in hand
61,466
33,808
71,466
36,934
Creditors: amounts falling due within one year
6
(31,846)
(40,523)
Net current assets/(liabilities)
39,620
(3,589)
Net assets
78,817
40,777
Capital and reserves
Called up share capital
7
1
1
Profit and loss reserves
78,816
40,776
Total equity
78,817
40,777

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 May 2025
Mr G  Kempin
Director
Company registration number 13591487 (England and Wales)
KEMPIN ROCK LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Kempin Rock Ltd is a private company limited by shares incorporated in England and Wales. The registered office is First Floor, 14-15 Berners Street, London, W1T 3LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

These financial statements for the year ended 31 August 2024 are the first financial statements of Kempin Rock Ltd prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The date of transition to FRS 102 was 1 September 2023. The reported financial position and financial performance for the previous period are not affected by the transition to FRS 102.

1.2
Turnover

Turnover represents contractual fees and recharge income net of VAT.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
10%
Fixtures and fittings
20%
1.4
Financial instruments

The company only has basic financial instruments.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method.

Classification of financial liabilities

Financial liabilities are classified according to the substance of the contractual arrangements entered into.

KEMPIN ROCK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, maybe if appreciable, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

1.5
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
2
KEMPIN ROCK LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2023
44,000
6,045
50,045
Additions
-
0
480
480
At 31 August 2024
44,000
6,525
50,525
Depreciation and impairment
At 1 September 2023
4,400
1,279
5,679
Depreciation charged in the year
4,400
1,249
5,649
At 31 August 2024
8,800
2,528
11,328
Carrying amount
At 31 August 2024
35,200
3,997
39,197
At 31 August 2023
39,600
4,766
44,366
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
3,126
Other debtors
10,000
-
0
10,000
3,126
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
255
534
Corporation tax
19,298
5,796
Other taxation and social security
3,546
6,603
Other creditors
8,747
27,590
31,846
40,523
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
1
1
1
1
2024-08-312023-09-01falsefalsefalse13 May 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr G Kempin2025-05-13135914872023-09-012024-08-31135914872024-08-31135914872023-08-3113591487core:LandBuildings2024-08-3113591487core:OtherPropertyPlantEquipment2024-08-3113591487core:LandBuildings2023-08-3113591487core:OtherPropertyPlantEquipment2023-08-3113591487core:CurrentFinancialInstrumentscore:WithinOneYear2024-08-3113591487core:CurrentFinancialInstrumentscore:WithinOneYear2023-08-3113591487core:ShareCapital2024-08-3113591487core:ShareCapital2023-08-3113591487core:RetainedEarningsAccumulatedLosses2024-08-3113591487core:RetainedEarningsAccumulatedLosses2023-08-3113591487bus:Director12023-09-012024-08-3113591487core:LandBuildingscore:LongLeaseholdAssets2023-09-012024-08-3113591487core:FurnitureFittings2023-09-012024-08-31135914872022-09-012023-08-3113591487core:LandBuildings2023-08-3113591487core:OtherPropertyPlantEquipment2023-08-31135914872023-08-3113591487core:LandBuildings2023-09-012024-08-3113591487core:OtherPropertyPlantEquipment2023-09-012024-08-3113591487core:CurrentFinancialInstruments2024-08-3113591487core:CurrentFinancialInstruments2023-08-3113591487core:WithinOneYear2024-08-3113591487core:WithinOneYear2023-08-3113591487bus:PrivateLimitedCompanyLtd2023-09-012024-08-3113591487bus:SmallCompaniesRegimeForAccounts2023-09-012024-08-3113591487bus:FRS1022023-09-012024-08-3113591487bus:AuditExemptWithAccountantsReport2023-09-012024-08-3113591487bus:FullAccounts2023-09-012024-08-31xbrli:purexbrli:sharesiso4217:GBP