Kesson Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11070626

Kesson Property Limited

Filleted Unaudited Financial Statements

31 March 2025

Kesson Property Limited

Financial Statements

Period from 1 January 2024 to 31 March 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Kesson Property Limited

Statement of Financial Position

31 March 2025

	31 Mar 25	31 Dec 23
Note	£	£

Fixed assets

Tangible assets	5	374,156	383,426
Investments	6	9	9
		---------	---------
		374,165	383,435

Current assets

Debtors	7	3,391	6,923
Cash at bank and in hand		838	800
		-------	-------
		4,229	7,723

Creditors: amounts falling due within one year	8	145,438	107,993
		---------	---------
Net current liabilities		141,209	100,270
		---------	---------
Total assets less current liabilities		232,956	283,165

Creditors: amounts falling due after more than one year	9	119,620	126,926

Provisions	2,260	1,554
	---------	---------
Net assets	111,076	154,685
	---------	---------

Capital and reserves

Called up share capital	100,002	100,002
Profit and loss account	11,074	54,683
	---------	---------
Shareholders funds	111,076	154,685
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Kesson Property Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mrs D E Riggs
Director

Company registration number: 11070626

Kesson Property Limited

Notes to the Financial Statements

Period from 1 January 2024 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on the going concern basis which assumes that the company will continue in existence for the foreseeable future. The directors have prepared financial forecasts for the business and they have a reasonable expectation that the company will be able to meet its liabilities as they fall due.

Consolidation

The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Investment property

The investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and VAT.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Long leasehold property	-	10% straight line
Equipment	-	25% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the period amounted to 1 (2023: 1 ).

5. Tangible assets

	Long leasehold property	Equipment	Investment property	Total
	£	£	£	£
Cost
At 1 January 2024	82,886	17,735	304,007	404,628
Additions	–	4,917	–	4,917
	--------	--------	---------	---------
At 31 March 2025	82,886	22,652	304,007	409,545
	--------	--------	---------	---------
Depreciation
At 1 January 2024	14,271	6,931	–	21,202
Charge for the period	10,360	3,827	–	14,187
	--------	--------	---------	---------
At 31 March 2025	24,631	10,758	–	35,389
	--------	--------	---------	---------
Carrying amount
At 31 March 2025	58,255	11,894	304,007	374,156
	--------	--------	---------	---------
At 31 December 2023	68,615	10,804	304,007	383,426
	--------	--------	---------	---------

The Director believes the value of the property to be true and fair.

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 March 2025	9
	----
Impairment
At 1 January 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	9
	----
At 31 December 2023	9
	----

7. Debtors

	31 Mar 25	31 Dec 23
	£	£
Trade debtors	2,470	2,470
Other debtors	921	4,453
	-------	-------
	3,391	6,923
	-------	-------

8. Creditors: amounts falling due within one year

	31 Mar 25	31 Dec 23
	£	£
Bank loans and overdrafts	5,875	8,731
Amounts owed to group undertakings and undertakings in which the company has a participating interest	104,418	85,678
Social security and other taxes	668	–
Other creditors	34,477	13,584
	---------	---------
	145,438	107,993
	---------	---------

The bank loan disclosed under creditors falling due within one year is secured by way of a fixed and floating charge over the assets of its subsidiary company.

9. Creditors: amounts falling due after more than one year

	31 Mar 25	31 Dec 23
	£	£
Bank loans and overdrafts	119,620	126,926
	---------	---------

The bank loan disclosed under creditors falling due after more than one year is secured by way of a fixed and floating charge over the assets of its subsidiary company.

10. Director's advances, credits and guarantees

During the year advances of £95,959 were made to a director and repayments of £12,934 were made by the director. Interest of £1,038 was charged on the loan at a rate of 2.5%.

11. Related party transactions

At the year end the company owed £104,418 (2023: £85,678) to a group company. At the year end the company owed a director £1,777 (2023: £10,885).