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REGISTERED NUMBER: 03925327 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Kempton Homes Limited

Kempton Homes Limited (Registered number: 03925327)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


Kempton Homes Limited (Registered number: 03925327)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 6,873,098 7,051,425
6,873,098 7,051,425

CURRENT ASSETS
Debtors 6 20,609,611 19,999,362
Cash at bank 129,603 143,530
20,739,214 20,142,892
CREDITORS
Amounts falling due within one year 7 2,265,131 2,333,904
NET CURRENT ASSETS 18,474,083 17,808,988
TOTAL ASSETS LESS CURRENT LIABILITIES 25,347,181 24,860,413

CREDITORS
Amounts falling due after more than one year 8 25,145,909 24,663,009
NET ASSETS 201,272 197,404

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserve 200,952 200,952
Retained earnings 220 (3,648 )
SHAREHOLDERS' FUNDS 201,272 197,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2025 and were signed by:





H Mofarah-Ghasri - Director


Kempton Homes Limited (Registered number: 03925327)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Kempton Homes Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03925327

Registered office: Spring Court
Spring Road
Hale
Altrincham
Cheshire
WA14 2UQ

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Kempton Homes Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33.33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Rental income
Rental income is recognised in the period that it falls due.

Kempton Homes Limited (Registered number: 03925327)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2023
and 31 August 2024 15,397 3,187 18,584
DEPRECIATION
At 1 September 2023
and 31 August 2024 15,397 3,187 18,584
NET BOOK VALUE
At 31 August 2024 - - -
At 31 August 2023 - - -

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 September 2023 7,051,425
Additions 1,275,602
Write off interest costs (1,453,929 )
At 31 August 2024 6,873,098
NET BOOK VALUE
At 31 August 2024 6,873,098
At 31 August 2023 7,051,425

Cost or valuation at 31 August 2024 is represented by:
£   
Valuation in 2021 200,952
Cost 6,672,146
6,873,098

Investment properties were valued in 2021 by professional valuers and, in the opinion of the director, the valuation did not change significantly up to 31st August 2024.

An amount of £1,453,929 representing capitalised interest has been written off against the Profit and Loss Account partly in this company and partly in its subsidiary.

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors - 2,110
Other debtors 383,134 357,078
383,134 359,188

Kempton Homes Limited (Registered number: 03925327)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Loans to group companies 20,226,477 19,640,174

Aggregate amounts 20,609,611 19,999,362

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 37,237 37,235
Trade creditors 225,484 101,061
Taxation and social security - 8,905
Other creditors 2,002,410 2,186,703
2,265,131 2,333,904

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 345,910 355,899
Other creditors 24,799,999 24,307,110
25,145,909 24,663,009

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 21,005,442 20,991,510
Bank loans and overdrafts 383,147 381,328
21,388,589 21,372,838

Included in other loans is a construction loan which is secured against the company assets to which it relates.

The bank loans and overdrafts are secured by debentures over the assets and undertakings of the company.