Kingsdene Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

Kingsdene Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14673726 . The registered office is 16 Oxford Court, Manchester, M2 3WQ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 5 years.

2.4. Research and Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic lives of 5 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold Improvements	15% Reducing balance
Motor Vehicles	25% Reducing balance
Fixtures & Fittings	20% Reducing balance
Computer Equipment	25% Straight line

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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Kingsdene Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 24 (2025: 34)

4. Intangible Assets

	Goodwill	Other Intangible Assets	Total
	£	£	£
Cost
As at 1 April 2025	653,987	6,955	660,942
Additions	-	750	750

As at 31 March 2026	653,987	7,705	661,692

Amortisation
As at 1 April 2025	235,930	1,867	237,797
Provided during the period	130,798	1,516	132,314

As at 31 March 2026	366,728	3,383	370,111

Net Book Value
As at 31 March 2026	287,259	4,322	291,581

As at 1 April 2025	418,057	5,088	423,145

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Kingsdene Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Tangible Assets

	Land & Buildings	Plant & Machinery etc.	Total
	£	£	£
Cost
As at 1 April 2025	-	168,440	168,440
Additions	22,802	948	23,750

As at 31 March 2026	22,802	169,388	192,190

Depreciation
As at 1 April 2025	-	40,838	40,838
Provided during the period	723	31,646	32,369

As at 31 March 2026	723	72,484	73,207

Net Book Value
As at 31 March 2026	22,079	96,904	118,983

As at 1 April 2025	-	127,602	127,602

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	142,225	375,281
Amounts owed by group undertakings	389,336	510,000
Other debtors	65,701	155,331

	597,262	1,040,612

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	18,170	17,327
Trade creditors	88,048	229,887
Other creditors	3,354,746	3,471,159
Taxation and social security	211,736	291,647

	3,672,700	4,010,020

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	79,396	97,566
Other creditors	297,943	357,568

	377,339	455,134

Net obligations under finance lease and hire purchase contracts are secured against the assets to which they relate.

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Kingsdene Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	18,170	17,327
Later than one year and not later than five years	79,396	97,566

	97,566	114,893

	97,566	114,893

10. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
80 Ordinary A shares of £ 1.00 each	80	80
10 Ordinary B shares of £ 1.00 each	10	10
10 Ordinary C shares of £ 1.00 each	10	10

	100	100

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	124,946	-
Later than one year and not later than five years	208,168	-

	333,114	-

12. Parent Undertaking and Controlling Party

The company’s immediate parent undertaking is Corinthia Real Estate Limited, whose registered office is The Royal, Front Street, Stanley, Durham, England, DH9 0JQ.

13. Cash at bank and in hand

Included within cash at bank and in hand is £2,872,044 of client monies held by the company.

A corresponding liability is included within other creditors.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		291,581		423,145
Tangible Assets	5		118,983		127,602

			410,564		550,747
CURRENT ASSETS
Debtors	6	597,262		1,040,612
Cash at bank and in hand		3,609,322		3,425,787

		4,206,584		4,466,399
Creditors: Amounts Falling Due Within One Year	7	(3,672,700 )		(4,010,020 )

NET CURRENT ASSETS (LIABILITIES)			533,884		456,379

TOTAL ASSETS LESS CURRENT LIABILITIES			944,448		1,007,126

Creditors: Amounts Falling Due After More Than One Year	8		(377,339 )		(455,134 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(30,827 )		(33,173 )

NET ASSETS			536,282		518,819

CAPITAL AND RESERVES
Called up share capital	10		100		100
Share premium account			249,900		249,900
Profit and Loss Account			286,282		268,819

SHAREHOLDERS' FUNDS			536,282		518,819