Caseware UK (AP4) 2024.0.164 2024.0.164 2024-07-312024-07-3122024-01-26truefalseNo description of principal activity0trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 15445152 2024-01-25 15445152 2024-07-31 15445152 2024-01-26 2024-07-31 15445152 2022-08-01 2024-01-25 15445152 c:Director1 2024-01-26 2024-07-31 15445152 d:CurrentFinancialInstruments 2024-07-31 15445152 d:CurrentFinancialInstruments d:WithinOneYear 2024-07-31 15445152 d:ShareCapital 2024-07-31 15445152 d:RetainedEarningsAccumulatedLosses 2024-07-31 15445152 c:OrdinaryShareClass1 2024-01-26 2024-07-31 15445152 c:OrdinaryShareClass1 2024-07-31 15445152 c:OrdinaryShareClass2 2024-01-26 2024-07-31 15445152 c:OrdinaryShareClass2 2024-07-31 15445152 c:FRS102 2024-01-26 2024-07-31 15445152 c:AuditExempt-NoAccountantsReport 2024-01-26 2024-07-31 15445152 c:FullAccounts 2024-01-26 2024-07-31 15445152 c:PrivateLimitedCompanyLtd 2024-01-26 2024-07-31 15445152 e:PoundSterling 2024-01-26 2024-07-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 15445152














KINGSNORTH SELF STORAGE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 JULY 2024

 
KINGSNORTH SELF STORAGE LIMITED
REGISTERED NUMBER: 15445152

BALANCE SHEET
AS AT 31 JULY 2024

2024
Note

  

Current assets
  

Debtors: amounts falling due within one year
 4 
610

  
610

Creditors: amounts falling due within one year
 6 
(398)

Net current assets
  
 
 
212

Total assets less current liabilities
  
212

  

Net assets
  
£212


Capital and reserves
  

Called up share capital 
 7 
10

Profit and loss account
  
202

  
£212


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 July 2025.




................................................
M J Skitt
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
KINGSNORTH SELF STORAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

1.


General information

Kingsnorth Self Storage Limited is a private company, limited by shares, incorporated in England and Wales.
The registered company number is 15445152.
The registered office is Cowells Yard, Ashford Road, Kingsnorth, Ashford, Kent, TN26 1NJ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 2

 
KINGSNORTH SELF STORAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Page 3

 
KINGSNORTH SELF STORAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.


4.


Debtors

2024


Other debtors
610

£610



5.


Cash and cash equivalents





6.


Creditors: Amounts falling due within one year

2024

Corporation tax
48

Other taxation and social security
50

Other creditors
300

£398


Page 4

 
KINGSNORTH SELF STORAGE LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024

7.


Share capital

2024
Allotted, called up and fully paid


5 A ordinary shares shares of £1.00 each
5
5 B ordinary shares shares of £1.00 each
5

£10


On the incorporation date of 26 January 2024, 5A and 5B ordinary shares of £1 each were issued.


8.
Ultimate parent undertaking and controlling party

At the balance sheet date, the immediate and ultimate parent undertaking is J Skitt & Sons (Holdings) Limited, a company incorporated in England and Wales. 
J Skitt & Sons (Holdings) Limited is the controlling party of the company.
J Skitt & Sons (Holdings) Limited is also the most senior parent entity producing publicly available financial statements.
The company is exempt from the requirement of preparing consolidated financial statements as it is a subsidiary undertaking of a small group under section 383 of the Companies Act 2006.



Page 5