Kingston Gorse Estate (Sussex) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00269507 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Kingston Gorse Estate (Sussex) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R Willmott

Mrs J Hopes

Miss S C Ritblat

P J Robinson

M Chatterton

SECRETARY:

Hobdens Property Management Limited

REGISTERED OFFICE:

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

REGISTERED NUMBER:

00269507 (England and Wales)

ACCOUNTANTS:

Reeves Wilkinson Limited trading as Botting & Co

Chartered Certified Accountants

41b Beach Road

Littlehampton

West Sussex

BN17 5JA

FIXED ASSETS

Tangible assets

4

10,777

10,852

CURRENT ASSETS

Debtors

5

3,565

3,723

Cash at bank

214,026

220,232

217,591

223,955

CREDITORS

Amounts falling due within one year

6

(13,241

)

(26,403

)

NET CURRENT ASSETS

204,350

197,552

TOTAL ASSETS LESS CURRENT
LIABILITIES

215,127

208,404

CAPITAL AND RESERVES

Called up share capital

1,171

Major works fund

7

51,072

47,072

Retained earnings

7

162,884

160,161

SHAREHOLDERS' FUNDS

215,127

208,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 9 October 2025 and were signed on its behalf by:

M Chatterton - Director

1.	STATUTORY INFORMATION

Kingston Gorse Estate (Sussex) Limited 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 represents the amount of rates receivable during the year from the company's plot holders and road usage charges.

Tangible fixed assets

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

Plant and machinery etc

-

10% on cost and at varying rates on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

1,794

67,622

69,416

Additions

-

2,106

At 31 March 2025

1,794

69,728

71,522

DEPRECIATION

At 1 April 2024

-

58,564

Charge for year

-

2,181

At 31 March 2025

-

60,745

NET BOOK VALUE

At 31 March 2025

1,794

8,983

10,777

At 31 March 2024

1,794

9,058

10,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Service charge debtors

121

185

Other debtors

3,444

3,538

3,565

3,723

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Service charge creditors

1,289

8,522

Taxation and social security

946

1,260

Other creditors

11,006

16,621

13,241

26,403

7.

RESERVES

Major

Retained

works

earnings

fund

Totals

£

At 1 April 2024

160,161

47,072

207,233

Profit for the year

6,723

Major works fund transfer

(4,000

)

4,000

-

At 31 March 2025

162,884

51,072

213,956

8.	GREENSWARD

The company owns certain land on the Estate which includes the Greensward and the verges and estate roads (other than Sea Lane).

No value has been attributed to the land in the accounts, as it is considered vehicular and pedestrian rights of way over the same would effectively prevent them from being sold or developed for any consideration.