Kidley Properties Limited - Accounts to registrar (filleted) - small 18.2
Kidley Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| FOR |
| KIDLEY PROPERTIES LIMITED |
| KIDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 05077183) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| KIDLEY PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Riverside House |
| 1-5 Como Street |
| Romford |
| Essex |
| RM7 7DN |
| KIDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 05077183) |
| BALANCE SHEET |
| 30TH APRIL 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | 10 |
| SHAREHOLDERS' FUNDS |
| 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. |
| KIDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 05077183) |
| BALANCE SHEET - continued |
| 30TH APRIL 2022 |
| 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 |
| KIDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 05077183) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 1. | STATUTORY INFORMATION |
| Kidley Properties Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2021 - NIL). |
| KIDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 05077183) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1st May 2021 |
| and 30th April 2022 |
| DEPRECIATION |
| At 1st May 2021 |
| Charge for year |
| At 30th April 2022 |
| NET BOOK VALUE |
| At 30th April 2022 |
| At 30th April 2021 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st May 2021 |
| and 30th April 2022 |
| NET BOOK VALUE |
| At 30th April 2022 |
| At 30th April 2021 |
| Fair value at 30th April 2022 is represented by: |
| £ |
| Valuation in 2009 | 15,000 |
| Valuation in 2016 | 5,000 |
| Valuation in 2017 | 85,000 |
| Cost | 180,000 |
| 285,000 |
| If fixed asset investments had not been revalued 2016 would have been included at the following historical cost: |
| 2022 | 2021 |
| £ | £ |
| Cost | 180,000 | 180,000 |
| Fixed asset investments were valued on an open market basis on 30th April 2016 by the Directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Loan - Bailes & Kidley Ltd |
| KIDLEY PROPERTIES LIMITED (REGISTERED NUMBER: 05077183) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH APRIL 2022 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation |
| Directors' current accounts | 2,000 | 2,000 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans - 1-2 years |
| Bank loans - 2-5 years |
| Bank loans repayable over a period in excess of 5 years |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans repayable over a period in excess of 5 years |
6,380 |
15,129 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| The bank loan is secured by a first charge over the company's investment property. |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st May 2021 |
| Profit for the year |
| At 30th April 2022 |
| 11. | RELATED PARTY DISCLOSURES |
| Rent of £15,000 was received from Bailes & Kidley Ltd, a company of whom PF Kidley is a Director and controlling shareholder Mrs LR White is also a shareholder of Bailes & Kidley Ltd. £17,126 was owed by Bailes & Kidley Ltd on loan account at 30 April 2022. |
| . |