4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 850,000 850,000 850,000 xbrli:pure xbrli:shares iso4217:GBP 00783960 2023-10-01 2024-09-30 00783960 2024-09-30 00783960 2023-09-30 00783960 2022-10-01 2023-09-30 00783960 2023-09-30 00783960 2022-09-30 00783960 bus:Director1 2023-10-01 2024-09-30 00783960 core:WithinOneYear 2024-09-30 00783960 core:WithinOneYear 2023-09-30 00783960 core:ShareCapital 2024-09-30 00783960 core:ShareCapital 2023-09-30 00783960 core:RevaluationReserve 2024-09-30 00783960 core:RevaluationReserve 2023-09-30 00783960 core:RetainedEarningsAccumulatedLosses 2024-09-30 00783960 core:RetainedEarningsAccumulatedLosses 2023-09-30 00783960 core:LandBuildings 2024-09-30 00783960 core:LandBuildings 2023-09-30 00783960 bus:SmallEntities 2023-10-01 2024-09-30 00783960 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 00783960 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 00783960 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00783960 bus:FullAccounts 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 00783960
KINGSCOTT INVESTMENTS LIMITED
Filleted Unaudited Financial Statements
30 September 2024
KINGSCOTT INVESTMENTS LIMITED
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
850,000
850,000
Current assets
Debtors
6
1,624
1,542
Cash at bank and in hand
619,413
592,672
---------
---------
621,037
594,214
Creditors: amounts falling due within one year
7
22,232
20,339
---------
---------
Net current assets
598,805
573,875
------------
------------
Total assets less current liabilities
1,448,805
1,423,875
Provisions
Taxation including deferred tax
135,000
135,000
------------
------------
Net assets
1,313,805
1,288,875
------------
------------
Capital and reserves
Called up share capital
100
100
Fair value reserve
688,414
688,414
Profit and loss account
625,291
600,361
------------
------------
Shareholders funds
1,313,805
1,288,875
------------
------------
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 30 September 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 .
KINGSCOTT INVESTMENTS LIMITED
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 10 June 2025 , and are signed on behalf of the board by:
S Rothberg
Director
Company registration number: 00783960
KINGSCOTT INVESTMENTS LIMITED
Notes to the Financial Statements
Year ended 30 September 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 48 Winnington Road, London, N2 0TY.
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
The turnover shown in the profit and loss account represents rents and charges receivable in the financial year.
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
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its 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
£
Valuation
At 1 October 2023 and 30 September 2024
850,000
---------
Depreciation
At 1 October 2023 and 30 September 2024
---------
Carrying amount
At 30 September 2024
850,000
---------
At 30 September 2023
850,000
---------
Tangible assets held at valuation
The revaluation of the investment properties was made by the directors on an open market value for existing use basis at the end of 30th September 2017.
6. Debtors
2024
2023
£
£
Other debtors
1,624
1,542
-------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
7,287
5,471
Other creditors
14,945
14,868
--------
--------
22,232
20,339
--------
--------