Kingston Mortgage Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05628948 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

KINGSTON MORTGAGE SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S J Poore

Mr J L Poore

Mr C J Poore

SECRETARY:

Ms P Poore

REGISTERED OFFICE:

Ashley House

136/138 The Broadway

Tolworth

Surrey

KT6 7JD

REGISTERED NUMBER:

05628948 (England and Wales)

ACCOUNTANTS:

JLA Accountants

42 Lytton Road

Barnet

Hertfordshire

EN5 5BY

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

32,576

33,853

32,576

33,853

CURRENT ASSETS

Debtors

6

461,592

516,383

Cash at bank

55

461,647

516,438

CREDITORS

Amounts falling due within one year

7

434,083

454,405

NET CURRENT ASSETS

27,564

62,033

TOTAL ASSETS LESS CURRENT
LIABILITIES

60,140

95,886

CREDITORS

Amounts falling due after more than one year

8

58,826

94,579

NET ASSETS

1,314

1,307

CAPITAL AND RESERVES

Called up share capital

10

1,030

Retained earnings

284

277

SHAREHOLDERS' FUNDS

1,314

1,307

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 28 May 2026 and were signed on its behalf by:

Mr C J Poore - Director

1.	STATUTORY INFORMATION

Kingston Mortgage Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of three years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Reducing balance over 3 years

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future and have therefore used the going concern basis in preparing the financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

238,000

AMORTISATION

At 1 April 2024

and 31 March 2025

238,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Computer

leasehold

fittings

equipment

Totals

£

COST

At 1 April 2024

and 31 March 2025

25,650

12,689

7,393

45,732

DEPRECIATION

At 1 April 2024

-

4,747

7,132

11,879

Charge for year

-

1,191

86

1,277

At 31 March 2025

-

5,938

7,218

13,156

NET BOOK VALUE

At 31 March 2025

25,650

6,751

175

32,576

At 31 March 2024

25,650

7,942

261

33,853

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Amounts owed by group undertakings

461,592

515,383

Prepayments and accrued income

-

1,000

461,592

516,383

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts (see note 9)

63,814

113,272

Trade creditors

4,113

3,851

Amounts owed to group undertakings

166,136

80,081

Tax

23,493

37,384

Social security and other taxes

6,548

8,104

Other creditors

124,998

147,216

Directors' current accounts

34,781

54,692

Accruals and deferred income

10,200

9,805

434,083

454,405

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

Bank loans (see note 9)

58,826

94,579

9.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

Amounts falling due within one year or on demand:

Bank overdrafts

27,923

48,531

Bank loans

35,891

64,741

63,814

113,272

Amounts falling due between two and five years:

Bank loans - 2-5 years

58,826

94,579

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

1,000

A Ordinary

£1

1,000

10

B Ordinary

£1

10

C Ordinary

£1

10

D Ordinary

£1

10

1,030

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr C J Poore

Balance outstanding at start of year

-

66,880

Amounts repaid

-

(66,880

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

12.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed an amount of £383,240 (2024: £447,703) by CP Wealth Ltd, £45,913 (2024: £35,241) by CJ SJ & JP Poore Partnership, and owed £134,774 (2024: £68,269) to KMS Commercial Ltd and £31,362 (2024: £11,812) to Poore Fincham Ltd, companies where the directors have common control.

At the balance sheet date, the company was owed an amount of £32,439 (2024: £32,439) by Portland Home Investments Ltd.

As at the balance sheet date, included in creditors due within one year is £34,781 (2024: £54,692), due and payable to the director. The amount is interest free and repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party Mr C Poore.