Kingsford Homes Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08998514 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Kingsford Homes Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

S M H Weir

M C Simpson

M J Rayner

SECRETARY:

REGISTERED OFFICE:

Suite 17

Cautrac Serviced Offices

Great Horkesley

Colchester

Essex

CO6 4EJ

REGISTERED NUMBER:

08998514 (England and Wales)

ACCOUNTANTS:

RBS Accountancy Ltd

Suite 17

Cautrac Serviced Offices

Great Horkesley

Colchester

Essex

CO6 4EJ

FIXED ASSETS

Tangible assets

4

95,420

105,373

CURRENT ASSETS

Stocks

900,000

-

Debtors

5

325,457

426,082

Cash at bank and in hand

132,076

198,045

1,357,533

624,127

CREDITORS

Amounts falling due within one year

6

5,526

51,305

NET CURRENT ASSETS

1,352,007

572,822

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,447,427

678,195

CREDITORS

Amounts falling due after more than one
year

7

1,211,485

226,355

NET ASSETS

235,942

451,840

CAPITAL AND RESERVES

Called up share capital

300

Retained earnings

235,642

451,540

SHAREHOLDERS' FUNDS

235,942

451,840

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2025 and were signed on its behalf by:

M C Simpson - Director

M J Rayner - Director

1.	STATUTORY INFORMATION

Kingsford Homes Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 January 2024

and 31 December 2024

62,500

81,108

143,608

DEPRECIATION

At 1 January 2024

-

38,235

Charge for year

-

9,953

At 31 December 2024

-

48,188

NET BOOK VALUE

At 31 December 2024

62,500

32,920

95,420

At 31 December 2023

62,500

42,873

105,373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

324,181

127,353

Other debtors

1,276

298,729

325,457

426,082

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

723

38,824

Taxation and social security

3,303

10,981

Other creditors

1,500

5,526

51,305

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

179,680

188,104

Hire purchase contracts

31,154

38,251

Other creditors

1,000,651

-

1,211,485

226,355

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

149,708

155,822

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

The Mortgage Lender Ltd

149,708

155,822

Lily Group Holdings Ltd

1,000,651

-

1,150,359

155,822

The Mortgage Lender Ltd holds a charge over property 2A Belle Vue Road, Wivenhoe, Essex, CO7 9LE.

Lily Group Holdings Ltd holds a charge over the freehold property at land adjoining The Bull Inn, High Street, Much Hadham, Hertfordshire, SG10 6BH.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

RBS Accountancy Ltd

Suite 17

Cautrac Serviced Offices

Great Horkesley

Colchester

Essex

CO6 4EJ

26 August 2025