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COMPANY REGISTRATION NUMBER: 09225240
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Contents
Page
Officers and professional advisers
1
Directors' report
2
Statement of income and retained earnings
3
Statement of financial position
4
Notes to the financial statements
6
The following pages do not form part of the financial statements
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements
9
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Officers and Professional Advisers
The board of directors
Mrs B H Hollingworth
Mr E W Sowerby
Company secretary
B-Hive Company Secretarial Services Limited
Registered office
94 Park Lane
Croydon
Surrey
CR10 1JB
Accountants
CWR
Chartered accountants
20 Mannin Way
Lancaster Business Park
Caton Road
Lancaster
LA1 3SW
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Directors' Report
Year ended 31 December 2024
The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2024 .
Directors
The directors who served the company during the year were as follows:
Mr J R M Barker
(Appointed 25 October 2024)
Mrs B H Hollingworth
(Appointed 18 October 2024)
Mr E W Sowerby
(Appointed 9 October 2024)
Mr J M Dowd
(Resigned 17 October 2024)
Mr D J Cooke
(Resigned 8 March 2024)
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 8 August 2025 and signed on behalf of the board by:
Mr E W Sowerby
Director
Registered office:
94 Park Lane
Croydon
Surrey
CR10 1JB
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Statement of Income and Retained Earnings
Year ended 31 December 2024
2024
2023
Note
£
£
Turnover
13,490
13,482
--------
--------
Gross profit
13,490
13,482
Administrative expenses
12,124
7,295
--------
--------
Operating profit
1,366
6,187
Other interest receivable and similar income
5
13
--------
--------
Profit before taxation
1,379
6,187
Tax on profit
2
-------
-------
Profit for the financial year and total comprehensive income
1,377
6,187
-------
-------
Retained earnings at the start of the year
30,870
24,683
--------
--------
Retained earnings at the end of the year
32,247
30,870
--------
--------
All the activities of the company are from continuing operations.
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
6
195,000
195,000
Current assets
Debtors
7
1,105
1,340
Cash at bank and in hand
34,243
30,033
--------
--------
35,348
31,373
Creditors: amounts falling due within one year
8
3,101
503
--------
--------
Net current assets
32,247
30,870
---------
---------
Total assets less current liabilities
227,247
225,870
Creditors: amounts falling due after more than one year
9
195,000
195,000
---------
---------
Net assets
32,247
30,870
---------
---------
Capital and reserves
Profit and loss account
32,247
30,870
--------
--------
Members funds
32,247
30,870
--------
--------
These financial statements have been prepared 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'.
For the year ending 31 December 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 .
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 8 August 2025 , and are signed on behalf of the board by:
Mr E W Sowerby
Director
Company registration number: 09225240
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is 94 Park Lane, Croydon, Surrey, CR10 1JB.
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.
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.
4. Company limited by guarantee
The company is limited by guarantee whereby, in the event of the company being wound, up each member guarantees to pay £1.
5. Other interest receivable and similar income
2024
2023
£
£
Interest on bank deposits
13
----
----
6. Tangible assets
Freehold property
£
Cost
At 1 January 2024 and 31 December 2024
195,000
---------
Depreciation
At 1 January 2024 and 31 December 2024
---------
Carrying amount
At 31 December 2024
195,000
---------
At 31 December 2023
195,000
---------
7. Debtors
2024
2023
£
£
Prepayments and accrued income
1,105
1,340
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
858
503
Corporation tax
2
Service charges received in advance
2,241
-------
----
3,101
503
-------
----
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Members loan accounts
195,000
195,000
---------
---------
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Management Information
Year ended 31 December 2024
The following pages do not form part of the financial statements.
Kensington Court Bare Freehold Limited
Company Limited by Guarantee
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Kensington Court Bare Freehold Limited
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of income and retained earnings, statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
CWR Chartered accountants
20 Mannin Way Lancaster Business Park Caton Road Lancaster LA1 3SW
5 August 2025