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Registered Number: 03559614
England and Wales

 

 

 

KELROSE LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

Kelrose Limited
Contents Page
For the year ended 31 December 2024
Directors R Elchenstein
A Elchenstein
Registered Number 03559614
Registered Office 87 St Ann's Road
Stamford Hill
London
N15 6NJ
Accountants Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 31 December 2024
Principal activities
The company's principal activity during the year was that of a property management company.
Directors
The directors who served the company throughout the year were as follows:
R Elchenstein
A Elchenstein
Statement of directors' responsibilities
The directors are responsible for preparing the directors’ report and the financial statements in accordance with applicable law and regulation.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to
  • select suitable accounting policies and then apply them consistently
  • make judgments and accounting estimates that are reasonable and prudent
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business


The directors are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report was approved by the board and signed on its behalf by:


----------------------------------
A Elchenstein
Director

Date approved: 22 May 2025
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 December 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Versa Tax Solutions Ltd
31 December 2024



....................................................
Versa Tax Solutions Ltd
9 Corbets Tey Road
Upminster
Essex
RM14 2AP
22 May 2025
3
 
 		 Notes
 		 2024
£		   2023
£
Fixed assets      
Tangible fixed assets 3 9,871,615    9,872,281 
9,871,615    9,872,281 
Current assets      
Debtors 4 2,235,981    2,248,804 
Cash at bank and in hand 4,318    3,372 
2,240,299    2,252,176 
Creditors: amount falling due within one year 5 (1,303,724)   (1,263,936)
Net current assets 936,575    988,240 
 
Total assets less current liabilities 10,808,190    10,860,521 
Creditors: amount falling due after more than one year 6 (2,324,381)   (2,379,407)
Provisions for liabilities 7 (1,924,867)   (1,924,867)
Net assets 6,558,942    6,556,247 
 

Capital and reserves 		     
Called up share capital 8 2    2 
Revaluation Reserves 9 6,133,999    6,133,999 
Profit and loss account 424,941    422,246 
Shareholders' funds 6,558,942    6,556,247 
 


For the year ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 22 May 2025 and were signed on its behalf by:


-------------------------------
A Elchenstein
Director
4
General Information
Kelrose Limited is a private company, limited by shares, registered in England and Wales, registration number 03559614, registration address 87 St Ann's Road, Stamford Hill, London, N15 6NJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings 0% Reducing Balance
Fixtures and Fittings 15% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Fixtures and Fittings   Total
  £   £   £
At 01 January 2024 9,867,843    97,548    9,965,391 
Additions -    -    - 
Disposals -    -    - 
At 31 December 2024 9,867,843    97,548    9,965,391 
Depreciation
At 01 January 2024 -    93,110    93,110 
Charge for year -    666    666 
On disposals -    -    - 
At 31 December 2024 -    93,776    93,776 
Net book values
Closing balance as at 31 December 2024 9,867,843    3,772    9,871,615 
Opening balance as at 01 January 2024 9,867,843    4,438    9,872,281 


4.

Debtors: amounts falling due within one year

2024
£		   2023
£
Other Debtors 326,091    326,091 
326,091    326,091 

4.

Debtors: amounts falling due after one year

2024
£		   2023
£
Amount Owed by Group Undertakings 1,909,890    1,922,713 
1,909,890    1,922,713 

5.

Creditors: amount falling due within one year

2024
£		   2023
£
Bank Loans & Overdrafts 21,667    25,667 
Bank account no. 1 11,932    15,171 
Amounts Owed to Group Undertakings 367,632    317,252 
Corporation Tax 788    16,424 
Accrued Expenses 2,500    0 
Other Creditors 249,985    249,984 
Directors' Current Accounts 644,810    634,810 
VAT 4,410    4,628 
1,303,724    1,263,936 

6.

Creditors: amount falling due after more than one year

2024
£		   2023
£
Bank Loans & Overdrafts 2,324,381    2,379,407 
2,324,381    2,379,407 

7.

Provisions for liabilities

2024
£		   2023
£
Deferred Tax 1,924,867    1,924,867 
1,924,867    1,924,867 

8.

Share Capital

Allotted, called up and fully paid
2024
£		   2023
£
2 Class A shares of £1.00 each 2    2 
2    2 

9.

Revaluation Reserves

2024
£		   2023
£
Revaluation Reserve b/fwd 6,133,999    6,133,999 
6,133,999    6,133,999 

5