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REGISTERED NUMBER: 07009651















KINGSMAN HOMES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024






KINGSMAN HOMES LTD (REGISTERED NUMBER: 07009651)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 8

KINGSMAN HOMES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S McDonald
R Wilkinson





REGISTERED OFFICE: Whitby Court
Abbey Road
Shepley
Huddersfield
West Yorkshire
HD8 8EL





REGISTERED NUMBER: 07009651





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

KINGSMAN HOMES LTD (REGISTERED NUMBER: 07009651)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 24,151 51,931

CURRENT ASSETS
Inventories 5 1,721,460 1,619,290
Debtors 6 34,153 7,080
Cash at bank 19,408 36,386
1,775,021 1,662,756
CREDITORS
Amounts falling due within one year 7 628,120 599,530
NET CURRENT ASSETS 1,146,901 1,063,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,052

1,115,157

CREDITORS
Amounts falling due after more than one
year

8

6,667

16,667
NET ASSETS 1,164,385 1,098,490

CAPITAL AND RESERVES
Called up share capital 10 2,100 2,100
Retained earnings 1,162,285 1,096,390
SHAREHOLDERS' FUNDS 1,164,385 1,098,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

KINGSMAN HOMES LTD (REGISTERED NUMBER: 07009651)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by:





S McDonald - Director


KINGSMAN HOMES LTD (REGISTERED NUMBER: 07009651)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Kingsman Homes Ltd is a private company, limited by shares , registered in Not specified/Other. 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.

The financial statements are prepared in sterling, which is the fundamental currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and Machinery - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

KINGSMAN HOMES LTD (REGISTERED NUMBER: 07009651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
Machinery Vehicles Equipment Totals
£    £    £    £   
COST
At 1 October 2023 61,579 69,742 3,487 134,808
Disposals (2,827 ) - (1,091 ) (3,918 )
At 30 September 2024 58,752 69,742 2,396 130,890
DEPRECIATION
At 1 October 2023 49,594 30,544 2,739 82,877
Charge for year 9,598 17,435 738 27,771
Eliminated on disposal (2,821 ) - (1,088 ) (3,909 )
At 30 September 2024 56,371 47,979 2,389 106,739
NET BOOK VALUE
At 30 September 2024 2,381 21,763 7 24,151
At 30 September 2023 11,985 39,198 748 51,931

KINGSMAN HOMES LTD (REGISTERED NUMBER: 07009651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 October 2023 69,742
Transfer to ownership (69,742 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 30,544
Charge for year 10,171
Transfer to ownership (40,715 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 39,198

5. INVENTORIES
2024 2023
£    £   
Stocks 154,650 154,650
Work In Progress 1,566,810 1,464,640
1,721,460 1,619,290

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 34,153 7,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 44,132 196,862
Hire purchase contracts - 12,740
Trade creditors 178,287 8,088
Taxation and social security 135,659 65,768
Other creditors 270,042 316,072
628,120 599,530

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,667 16,667

KINGSMAN HOMES LTD (REGISTERED NUMBER: 07009651)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 50,799 213,529

Lloyds Bank hold a debenture over the assets of the company.

The bank loan matures on 10 May 2032 and is repayable over that term by monthly installments of variable capital and interest payments. Interest is charged at base rate plus 5.05% per annum.

Lloyds Bank PLC holds a fixed & floating charge on all the property or undertaking of the company registered under the charge code 0700 9651 0019. Registered on 22nd November 2022

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,100 Ordinary A £1 1,100 1,100
500 B Ordinary £1 500 500
500 C Ordinary £1 500 500
2,100 2,100

11. RELATED PARTY DISCLOSURES

During the year the company loaned £288 (2023: £NIL) to Kingsman Property Investments Ltd, a company controlled by the shareholder(s) of Kingsman Homes Ltd. At the year end £288 (2023: £NIL) remained outstanding.

KINGSMAN HOMES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
KINGSMAN HOMES LTD

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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


17 March 2025