Company registration number 06285330 (England and Wales)
KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
COMPANY INFORMATION
Director
Mr S R C Benson
Secretary
Mr D A Freeman
Company number
06285330
Registered office
15 Colmore Row
Birmingham
West Midlands
B3 2BH
Auditor
Malcolm Piper & Company Limited
Kingsnorth House
Blenheim Way
Birmingham
West Midlands
United Kingdom
B44 8LS
KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
11,209
14,882
Cash at bank and in hand
17,160
23,680
28,369
38,562
Creditors: amounts falling due within one year
5
(28,362)
(38,555)
Net current assets
7
7
Capital and reserves
Called up share capital
6
7
7

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

The financial statements were approved and signed by the director and authorised for issue on 1 August 2025
Mr S R C Benson
Director
Company Registration No. 06285330
KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Kings Court Kettering Management Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is 15 Colmore Row, Birmingham, West Midlands, B3 2BH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents the service charge receivable from the tenants, net of VAT. Any surplus or deficit arising as the result of management services provided during the year is reimbursed to, or recovered from, the tenants.

1.3
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 current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of 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 deducting all of its liabilities.

KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

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

 

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

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.6

Results for the year

Neither profit or loss arose in the year under review. Expenditure for the year is recoverable from the Tenants of the management company via the service charge.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

No persons were employed directly by the company during the current or prior period. No director received any emoluments during the year. (2023 - £Nil).

4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,983
2,711
Amounts owed by group undertakings
1,207
-
0
Other debtors
7,019
12,171
11,209
14,882
KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,505
2,062
Amounts owed to group undertakings
1,080
5,069
Taxation and social security
333
770
Other creditors
19,444
30,654
28,362
38,555
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
1
1
1
1
Ordinary B of £1 each
6
6
6
6
7
7
7
7

A Ordinary and B Ordinary shares carry differential rights as set out in the Articles of Association but in all other respects rank pari-passu.

7
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Peter Whitehead FCA
Statutory Auditor:
Malcolm Piper & Company Limited
Date of audit report:
1 August 2025
8
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

KINGS COURT KETTERING MANAGEMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
8
Related party transactions
(Continued)
- 5 -

Hortons' Estate Developments Limited

During the year the company received services in the ordinary course of business from Hortons' Estate Developments Limited at a cost of £6,962 (2023 - £8,726). During the year the company provided services in the ordinary course of business to Hortons' Estate Developments Limited at a cost of £3,539 (2023 - £4,929).

Amount due from Hortons' Estate Development Limited at the balance sheet date was £1,207 (2023 due to £3,977).

 

 

Hortons' Estate Limited

During the year the company received services in the ordinary course of business from Hortons' Estate Limited at a cost of £3,634 (2023 - £3,613).

Amount due to Hortons' Estate Limited at the balance sheet date was £1,080 (2023 - £1,093).

9
Parent company

Hortons' Estate Limited, a company incorporated in England and Wales, is regarded by the director as being the company's ultimate parent company.

 

The company's immediate parent undertaking is Hortons' Estate Developments Limited, a company also registered in England and Wales.

 

A copy of both companies financial statements can be obtained from the Registrar of Companies, Companies House, Crown Way, Maindy, Cardiff CF14 3UZ.

2024-12-312024-01-01falsefalsefalse01 August 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr S R C BensonMr D A Freeman062853302024-01-012024-12-3106285330bus:Director12024-01-012024-12-3106285330bus:CompanySecretary12024-01-012024-12-3106285330bus:RegisteredOffice2024-01-012024-12-31062853302024-12-31062853302023-12-3106285330core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3106285330core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3106285330core:CurrentFinancialInstruments2024-12-3106285330core:CurrentFinancialInstruments2023-12-3106285330core:ShareCapital2024-12-3106285330core:ShareCapital2023-12-3106285330core:ShareCapitalOrdinaryShareClass12024-12-3106285330core:ShareCapitalOrdinaryShareClass12023-12-3106285330core:ShareCapitalOrdinaryShareClass22024-12-3106285330core:ShareCapitalOrdinaryShareClass22023-12-3106285330core:ShareCapitalOrdinaryShares2024-12-3106285330core:ShareCapitalOrdinaryShares2023-12-3106285330core:WithinOneYear2024-12-3106285330core:WithinOneYear2023-12-3106285330bus:OrdinaryShareClass12024-01-012024-12-3106285330bus:OrdinaryShareClass22024-01-012024-12-3106285330bus:OrdinaryShareClass12024-12-3106285330bus:OrdinaryShareClass12023-12-3106285330bus:OrdinaryShareClass22024-12-3106285330bus:OrdinaryShareClass22023-12-3106285330bus:AllOrdinaryShares2024-12-3106285330bus:AllOrdinaryShares2023-12-3106285330bus:PrivateLimitedCompanyLtd2024-01-012024-12-3106285330bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3106285330bus:FRS1022024-01-012024-12-3106285330bus:Audited2024-01-012024-12-3106285330bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP