| Kensington Landmark Limited |
| Registered number: |
11024050 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Investments |
4 |
|
|
1,095,433 |
|
|
1,791,174 |
|
| Current assets |
| Debtors |
5 |
|
269,125 |
|
|
100 |
| Cash at bank and in hand |
|
|
4,792 |
|
|
327 |
|
|
|
273,917 |
|
|
427 |
|
| Creditors: amounts falling due within one year |
6 |
|
(498,427) |
|
|
(686,668) |
|
| Net current liabilities |
|
|
|
(224,510) |
|
|
(686,241) |
|
| Total assets less current liabilities |
|
|
|
870,923 |
|
|
1,104,933 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(435,979) |
|
|
(847,938) |
|
| Net assets |
|
|
|
434,944 |
|
|
256,995 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
8 |
|
|
100 |
|
|
100 |
| Profit and loss account |
9 |
|
|
434,844 |
|
|
256,895 |
|
| Shareholder's funds |
|
|
|
434,944 |
|
|
256,995 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Kahn |
| Director |
| Approved by the board on 16 September 2025 |
|
| Kensington Landmark Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
Turnover |
|
Turnover is derived from the principal activities of the company being rental income. Rental income is accounted for on a receivable basis.
Turnover is stated net of value added tax where applicable. The whole of the turnover of the company is derived within the United Kingdom. |
|
|
Investment property |
|
Investment property is held at deemed cost. Depreciation is not provided on investment property. |
|
|
Taxation |
|
Taxation for the period 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. |
|
| 2 |
Emoluments of director |
|
|
The director who served during the year was not remunerated by the Company. |
|
| 3 |
Taxation |
|
|
|
|
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
Current taxation |
|
Corporation tax on profit for the year at 25% (2023: 23.5%) |
|
59,315 |
|
7,529 |
|
|
|
|
|
|
|
59,315 |
|
7,529 |
|
|
|
|
|
|
|
|
|
| 4 |
Investment property |
|
|
|
|
2024 |
|
2023 |
|
|
|
|
|
|
£ |
|
£ |
|
|
Investment property |
|
|
|
|
1,791,174 |
|
1,175,473 |
|
Additions |
|
|
|
|
224,732 |
|
615,701 |
|
Disposal |
|
|
|
|
(920,473) |
|
- |
|
|
|
|
|
|
1,095,433 |
|
1,791,174 |
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
Rent receivable |
60,000 |
|
- |
|
Due from related undertakings |
|
|
|
175,905 |
|
- |
|
Other debtors |
100 |
|
100 |
|
Prepayments |
33,120 |
|
- |
|
|
|
|
|
|
269,125 |
|
100 |
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
Bank loans and overdrafts |
105,000 |
|
79,800 |
|
Taxation and social security costs |
(245) |
|
6,199 |
|
Due from related undertakings |
|
322,635 |
|
585,298 |
|
Corporation tax payable |
68,530 |
|
7,529 |
|
Accruals and prepaid income |
2,507 |
|
7,842 |
|
|
|
|
|
|
498,427 |
|
686,668 |
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
Bank Loans 1-2 years |
|
|
|
|
105,000 |
|
79,800 |
|
Bank Loans 2-5 years |
|
|
|
|
172,464 |
|
239,400 |
|
Bank Loans >5 years |
|
|
|
|
158,515 |
|
528,738 |
|
|
|
|
|
|
435,979 |
|
847,938 |
|
|
The total borrowings of the Company are repayable as follows: |
|
2024 |
|
2023 |
| £ |
£ |
|
Within one year |
|
|
|
|
105,000 |
|
79,800 |
|
Between one and two years |
|
|
|
|
105,000 |
|
79,800 |
|
Between two and five years |
|
|
|
|
172,464 |
|
239,400 |
|
More than five years |
|
|
|
|
158,515 |
|
528,738 |
|
|
|
|
|
|
540,979 |
|
927,738 |
|
|
|
|
|
|
|
|
|
|
The bank facilities are secured by a fixed and floating charge over the Company's assets, by way of a debenture created on 11 April 2018. |
|
|
There is an Unlimited Composite Company Guarantee given by Kahn Landmark Limited, A Kahn Design Limited, Kensington Landmark Limited, Chelsea Truck Company Limited and Project Kahn Limited to secure all liabilities of each other. |
|
| 8 |
Called-up share capital |
Authorised |
Allotted |
| £ |
£ |
|
The authorised and allotted share capital at 31 December 2024 and 31 December 2023 was: |
|
Equity shares |
|
Ordinary shares of £1 each |
100 |
|
100 |
|
|
|
|
|
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
| 9 |
Reserves |
Profit and loss account |
| £ |
|
At 1 January 2024 |
256,895 |
|
Retained profit for the financial year |
177,949 |
|
At 31 December 2024 |
434,844 |
|
|
|
|
|
|
|
|
|
|
| 10 |
Related party disclosures |
|
|
Balances with related parties are as follows: |
|
|
|
|
|
|
2024 |
|
2023 |
|
Other debtors |
£ |
£ |
|
Kahn Landmark Limited |
175,905 |
|
- |
|
|
Other Creditors |
|
Kahn Landmark Limited |
- |
|
480,198 |
|
A Kahn Design Limited |
205,100 |
|
105,100 |
|
Flying Huntsman Limited |
17,535 |
|
- |
|
Project Kahn Limited |
50,000 |
|
- |
|
Chelsea Truck Company Limited |
50,000 |
|
- |
|
|
| 9 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
| 11 |
Ultimate controlling party |
|
|
The ultimate controlling party is Afzal Kahn by virtue of his share holding within the Company. |
|
| 12 |
Other information |
|
|
Kensington Landmark Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: |
|
240 Canal Road |
|
Bradford |
|
West Yorkshire |
|
BD1 4SX |