4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 4,600,000 4,600,000 4,600,000 xbrli:pure xbrli:shares iso4217:GBP 00772315 2023-04-01 2024-03-31 00772315 2024-03-31 00772315 2023-03-31 00772315 2022-04-01 2023-03-31 00772315 2023-03-31 00772315 2022-03-31 00772315 bus:Director1 2023-04-01 2024-03-31 00772315 core:WithinOneYear 2024-03-31 00772315 core:WithinOneYear 2023-03-31 00772315 core:ShareCapital 2024-03-31 00772315 core:ShareCapital 2023-03-31 00772315 core:RevaluationReserve 2024-03-31 00772315 core:RevaluationReserve 2023-03-31 00772315 core:RetainedEarningsAccumulatedLosses 2024-03-31 00772315 core:RetainedEarningsAccumulatedLosses 2023-03-31 00772315 core:LandBuildings 2024-03-31 00772315 core:LandBuildings 2023-03-31 00772315 bus:SmallEntities 2023-04-01 2024-03-31 00772315 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00772315 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 00772315 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00772315 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 00772315
KINTOL PROPERTY CO. LIMITED
Filleted Unaudited Financial Statements
31 March 2024
KINTOL PROPERTY CO. LIMITED
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
4,600,000
4,600,000
Current assets
Debtors
6
5,686,500
5,656,705
Cash at bank and in hand
377,851
234,291
------------
------------
6,064,351
5,890,996
Creditors: amounts falling due within one year
7
735,291
686,374
------------
------------
Net current assets
5,329,060
5,204,622
------------
------------
Total assets less current liabilities
9,929,060
9,804,622
Provisions
Taxation including deferred tax
820,000
820,000
------------
------------
Net assets
9,109,060
8,984,622
------------
------------
Capital and reserves
Called up share capital
20
20
Fair value reserve
3,377,859
3,377,859
Profit and loss account
5,731,181
5,606,743
------------
------------
Shareholders funds
9,109,060
8,984,622
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
KINTOL PROPERTY CO. LIMITED
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 27 May 2025 , and are signed on behalf of the board by:
H Last
Director
Company registration number: 00772315
KINTOL PROPERTY CO. LIMITED
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
The company's freehold properties are incorporated in the accounts at the directors valuation.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 April 2023 and 31 March 2024
4,600,000
------------
Depreciation
At 1 April 2023 and 31 March 2024
------------
Carrying amount
At 31 March 2024
4,600,000
------------
At 31 March 2023
4,600,000
------------
6. Debtors
2024
2023
£
£
Trade debtors
29,795
Amounts owed by group undertakings and undertakings in which the company has a participating interest
5,600,000
5,600,000
Other debtors
56,705
56,705
------------
------------
5,686,500
5,656,705
------------
------------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
39,764
115
Social security and other taxes
7,295
16,293
Amounts owed to associated companies
557,990
557,988
Other creditors
130,242
111,978
---------
---------
735,291
686,374
---------
---------
8. Related party transactions
The company was not under the control of any single party throughout the current and previous year.