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REGISTERED NUMBER: 11307581 (England and Wales)













KRESTON LAW LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






KRESTON LAW LIMITED (REGISTERED NUMBER: 11307581)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


KRESTON LAW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs R Eren
E Eren
H Koca





REGISTERED OFFICE: 44 London Road
Enfield
EN2 6EF





REGISTERED NUMBER: 11307581 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

KRESTON LAW LIMITED (REGISTERED NUMBER: 11307581)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 645,415 661,478

CURRENT ASSETS
Debtors 5 121,158 251,439
Cash at bank 511,015 19,104
632,173 270,543
CREDITORS
Amounts falling due within one year 6 325,469 206,035
NET CURRENT ASSETS 306,704 64,508
TOTAL ASSETS LESS CURRENT
LIABILITIES

952,119

725,986

CREDITORS
Amounts falling due after more than one
year

7

(26,130

)

(415,706

)

PROVISIONS FOR LIABILITIES (7,402 ) (8,208 )
NET ASSETS 918,587 302,072

CAPITAL AND RESERVES
Called up share capital 10 50 50
Capital redemption reserve 50 50
Retained earnings 918,487 301,972
SHAREHOLDERS' FUNDS 918,587 302,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

KRESTON LAW LIMITED (REGISTERED NUMBER: 11307581)

BALANCE SHEET - continued
31 DECEMBER 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 26 June 2025 and were signed on its behalf by:




Mrs R Eren - Director



E Eren - Director


KRESTON LAW LIMITED (REGISTERED NUMBER: 11307581)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Kreston Law Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Turnover 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.
Freehold property - 2% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

KRESTON LAW LIMITED (REGISTERED NUMBER: 11307581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 668,035 43,355 18,610 730,000
Additions - 1,540 5,058 6,598
At 31 December 2024 668,035 44,895 23,668 736,598
DEPRECIATION
At 1 January 2024 38,867 14,736 14,919 68,522
Charge for year 13,361 4,335 4,965 22,661
At 31 December 2024 52,228 19,071 19,884 91,183
NET BOOK VALUE
At 31 December 2024 615,807 25,824 3,784 645,415
At 31 December 2023 629,168 28,619 3,691 661,478

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts recoverable on contract 46,313 238,742
Directors' loan accounts 871 -
Prepayments 73,974 12,697
121,158 251,439

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 6,280 23,730
Tax 286,025 152,628
Social security and other taxes - 6,880
Value added tax 22,395 14,121
Other creditors 1,618 1,058
Directors' loan accounts 3,650 2,619
Sundry creditors and accruals 5,501 4,999
325,469 206,035

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 26,130 415,706

KRESTON LAW LIMITED (REGISTERED NUMBER: 11307581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years repayable by
installments

997

310,753

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 6,280 23,730

Amounts falling due between one and two years:
Bank loans - 1-2 years 6,392 24,683

Amounts falling due between two and five years:
Bank loans - 2-5 years 18,741 80,270

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years repayable by
installments

997

310,753

The mortgage was fully repaid in March 2024 with the assistance of a loan from the directors.

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage - 401,202

The charge is secured against the freehold property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary £1 50 50

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £225,000 (2023 - £85,000) were paid to the directors .

KRESTON LAW LIMITED (REGISTERED NUMBER: 11307581)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

11. RELATED PARTY DISCLOSURES - continued

At the year end the company owed £2,779 (2023: £2,619) to R & E Eren, the directors.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R Eren.