| Kingsdown Group Limited |
| Registered number: |
14223026 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
818 |
|
|
1,023 |
| Investment property |
4 |
|
|
480,000 |
|
|
480,000 |
|
|
|
|
480,818 |
|
|
481,023 |
|
| Current assets |
| Debtors |
5 |
|
279 |
|
|
5,690 |
| Cash at bank and in hand |
|
|
510 |
|
|
8,060 |
|
|
|
789 |
|
|
13,750 |
| Creditors: amounts falling due within one year |
6 |
|
(38,159) |
|
|
- |
|
| Net current (liabilities)/assets |
|
|
|
(37,370) |
|
|
13,750 |
|
| Total assets less current liabilities |
|
|
|
443,448 |
|
|
494,773 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(416,565) |
|
|
(443,133) |
|
| Provisions for liabilities |
|
|
|
(14,360) |
|
|
(14,360) |
|
| Net assets |
|
|
|
12,523 |
|
|
37,280 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Share premium |
|
|
|
102,456 |
|
|
102,456 |
| Revaluation reserve |
8 |
|
|
61,218 |
|
|
61,218 |
| Profit and loss account |
|
|
|
(151,251) |
|
|
(126,494) |
|
| Shareholders' funds |
|
|
|
12,523 |
|
|
37,280 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| Mr W de Leur |
| Director |
| Approved by the board on 30 September 2025 |
|
| Kingsdown Group 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). |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings, tools and equipment |
over 3 years |
|
|
Investment property |
|
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss. |
|
|
Debtors |
|
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts
due according to the original terms of the receivables |
|
|
Creditors |
|
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Leased assets |
|
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2024 |
1,023 |
|
At 31 December 2024 |
1,023 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
Charge for the year |
205 |
|
At 31 December 2024 |
205 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
818 |
|
At 31 December 2023 |
1,023 |
|
|
| 4 |
Investment property |
| Investment |
| property |
| £ |
|
Cost |
|
At 1 January 2024 |
480,000 |
|
At 31 December 2024 |
480,000 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 9 November 2022 |
368,392 |
|
At 31 December 2024 |
368,392 |
|
|
|
|
|
|
|
|
|
|
The fair value of the property at 31st December 2024 has been arrived at on the basis of a valuation carried out near that date by a valuation via the mortgage lender, who are professionally qualified valuers. The valuation of £480,000 was arrived at by reference to the market evidence of transaction prices for similar properties in its location the property is situated. |
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Other debtors |
279 |
|
5,690 |
|
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Other creditors |
38,159 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
- |
|
382,200 |
|
Other creditors |
416,565 |
|
60,933 |
|
|
|
|
|
|
416,565 |
|
443,133 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Revaluation reserve |
2024 |
|
2023 |
| £ |
£ |
|
|
At 1 January 2024 |
61,218 |
|
- |
|
Gain on revaluation of land and buildings |
- |
|
75,578 |
|
Deferred taxation arising on the revaluation of land and buildings |
- |
|
(14,360) |
|
|
At 31 December 2024 |
61,218 |
|
61,218 |
|
|
|
|
|
|
|
|
|
|
| 9 |
Other information |
|
|
Kingsdown Group Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Roseville |
|
Storridge |
|
Malvern |
|
Herefordshire |
|
WR13 5EY |