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Registration number: 10388379

The Kingsmead Property Company (Cheshire) Limited

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

The Kingsmead Property Company (Cheshire) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

The Kingsmead Property Company (Cheshire) Limited

(Registration number: 10388379)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

1,660,000

1,465,000

Current assets

 

Debtors

5

-

1

Cash at bank and in hand

 

3,686

5,743

 

3,686

5,744

Creditors: Amounts falling due within one year

6

(222,941)

(206,415)

Net current liabilities

 

(219,255)

(200,671)

Total assets less current liabilities

 

1,440,745

1,264,329

Creditors: Amounts falling due after more than one year

6

(1,000,101)

(925,029)

Provisions for liabilities

(67,506)

(52,112)

Net assets

 

373,138

287,188

Capital and reserves

 

Called up share capital

100

100

Retained earnings

373,038

287,088

Shareholders' funds

 

373,138

287,188

 

The Kingsmead Property Company (Cheshire) Limited

(Registration number: 10388379)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 May 2025
 

.........................................
Mr T Hamlett
Director

 

The Kingsmead Property Company (Cheshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
7-9 Macon Court
Crewe
Cheshire
CW1 6EA
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received in respect of rental income.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the
reporting date and that are expected to apply to the reversal of the timing difference.


 

The Kingsmead Property Company (Cheshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers or the expert opinion of the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

4

Investment property

2024
£

At 1 October

1,465,000

Additions

126,094

Disposals

(12,116)

Fair value adjustments

81,022

At 30 September

1,660,000

5

Debtors

Current

2024
£

2023
£

Prepayments

-

1

 

-

1

 

The Kingsmead Property Company (Cheshire) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,308

-

Accruals and deferred income

260

247

Other creditors

219,373

206,168

222,941

206,415

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,000,101

925,029

Other borrowings

Lending facilities included in bank loans over one year are secured by the way of a charge over the fixed assets of the company and are guaranteed by the assets in which they relate.