Silverfin false false 31/10/2024 01/11/2023 31/10/2024 A F Anderson 01/10/2022 S J Hampson 01/10/2022 22 July 2025 The principal activity of the company in the financial period was the development of building projects. 14390761 2024-10-31 14390761 bus:Director1 2024-10-31 14390761 bus:Director2 2024-10-31 14390761 2023-10-31 14390761 core:CurrentFinancialInstruments 2024-10-31 14390761 core:CurrentFinancialInstruments 2023-10-31 14390761 core:Non-currentFinancialInstruments 2024-10-31 14390761 core:Non-currentFinancialInstruments 2023-10-31 14390761 core:ShareCapital 2024-10-31 14390761 core:ShareCapital 2023-10-31 14390761 core:RetainedEarningsAccumulatedLosses 2024-10-31 14390761 core:RetainedEarningsAccumulatedLosses 2023-10-31 14390761 core:CostValuation 2023-10-31 14390761 core:AdditionsToInvestments 2024-10-31 14390761 core:CostValuation 2024-10-31 14390761 2023-11-01 2024-10-31 14390761 bus:FilletedAccounts 2023-11-01 2024-10-31 14390761 bus:SmallEntities 2023-11-01 2024-10-31 14390761 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 14390761 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 14390761 bus:Director1 2023-11-01 2024-10-31 14390761 bus:Director2 2023-11-01 2024-10-31 14390761 2022-11-01 2023-10-31 14390761 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 14390761 (England and Wales)

KINDRED LIVING PROJECT LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

KINDRED LIVING PROJECT LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

KINDRED LIVING PROJECT LIMITED

BALANCE SHEET

As at 31 October 2024
KINDRED LIVING PROJECT LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,664,155 0
3,664,155 0
Current assets
Debtors 4 743,364 2
Cash at bank and in hand 36,919 276
780,283 278
Creditors: amounts falling due within one year 5 ( 3,015,750) ( 10,500)
Net current liabilities (2,235,467) (10,222)
Total assets less current liabilities 1,428,688 (10,222)
Creditors: amounts falling due after more than one year 6 ( 1,440,000) 0
Accruals and deferred income ( 2,000) 0
Net liabilities ( 13,312) ( 10,222)
Capital and reserves
Called-up share capital 2 2
Profit and loss account ( 13,314 ) ( 10,224 )
Total shareholders' deficit ( 13,312) ( 10,222)

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Kindred Living Project Limited (registered number: 14390761) were approved and authorised for issue by the Board of Directors on 22 July 2025. They were signed on its behalf by:

A F Anderson
Director
KINDRED LIVING PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
KINDRED LIVING PROJECT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kindred Living Project Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 28 Petley Road, London, W6 9ST, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £13,312. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 November 2023 0
Additions 3,664,155
At 31 October 2024 3,664,155
Carrying value at 31 October 2024 3,664,155
Carrying value at 31 October 2023 0

During the year the company acquired the share capital in Eastleigh Stables Ltd and Eastleigh Court Ltd which is shown within investments.

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 703,863 0
VAT recoverable 39,501 0
Other debtors 0 2
743,364 2

Amounts owed by group companies are repayable on demand and do not bear interest.

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 36,134 0
Amounts owed to directors 2,979,616 10,500
3,015,750 10,500

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 1,440,000 0

Other creditors are secured against the shares owned by Kindred Living Project Limited.