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REGISTERED NUMBER: 05404362 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Kennedy Property Services Limited

Kennedy Property Services Limited (Registered number: 05404362)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Kennedy Property Services Limited

Company Information
for the year ended 30 November 2024







DIRECTORS: I Ryan
D A Ryan





SECRETARY: D A Ryan





REGISTERED OFFICE: Alexander House
Station Road
Columbia
Washington
Tyne & Wear
NE38 7BD





REGISTERED NUMBER: 05404362 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Kennedy Property Services Limited (Registered number: 05404362)

Statement of Financial Position
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 668,379 686,159
Investments 5 250 250
668,629 686,409

CURRENT ASSETS
Debtors 6 507,644 515,955
Cash at bank 871,867 531,798
1,379,511 1,047,753
CREDITORS
Amounts falling due within one year 7 17,555 12,514
NET CURRENT ASSETS 1,361,956 1,035,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,030,585

1,721,648

PROVISIONS FOR LIABILITIES 1,637 1,655
NET ASSETS 2,028,948 1,719,993

CAPITAL AND RESERVES
Called up share capital 350 350
Retained earnings 2,028,598 1,719,643
SHAREHOLDERS' FUNDS 2,028,948 1,719,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Kennedy Property Services Limited (Registered number: 05404362)

Statement of Financial Position - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:





I Ryan - Director


Kennedy Property Services Limited (Registered number: 05404362)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Kennedy Property Services 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.

The accounts have been prepared on the going concern basis which assumes that the company will continue in operational existence for the foreseeable future, which the director considers appropriate.

Turnover
Turnover represents net invoiced rental income, excluding value added tax.

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 - 20% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised as transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Consolidation
In the opinion of the directors the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and will not prepare group accounts.

Kennedy Property Services Limited (Registered number: 05404362)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 801,914 14,535 816,449
DEPRECIATION
At 1 December 2023 124,467 5,823 130,290
Charge for year 16,038 1,742 17,780
At 30 November 2024 140,505 7,565 148,070
NET BOOK VALUE
At 30 November 2024 661,409 6,970 668,379
At 30 November 2023 677,447 8,712 686,159

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Investment in subsidiary 250 250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 1,000 -
Other debtors 506,644 515,955
507,644 515,955

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 15,626 11,459
Other creditors 1,929 1,055
17,555 12,514

Kennedy Property Services Limited (Registered number: 05404362)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
I Ryan
Balance outstanding at start of year 240,000 -
Amounts advanced - 240,000
Amounts repaid (240,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 240,000