Kenico One Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09203887 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2022

for

Kenico One Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

Mrs S A A Kent

Mrs C A I Monico

SECRETARY:

Mrs S A A Kent

REGISTERED OFFICE:

30 Brookfield Park

London

NW5 1ER

REGISTERED NUMBER:

09203887 (England and Wales)

ACCOUNTANTS:

Deeks Evans

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

FIXED ASSETS

Tangible assets

4

-

135

Investment property

5

1,564,144

1,564,144

1,564,144

1,564,279

CURRENT ASSETS

Cash at bank

161,651

144,238

CREDITORS

Amounts falling due within one year

6

603,195

610,792

NET CURRENT LIABILITIES

(441,544

)

(466,554

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,122,600

1,097,725

CREDITORS

Amounts falling due after more than one year

7

924,549

924,549

NET ASSETS

198,051

173,176

CAPITAL & RESERVES

Called up share capital

9

10

10

Retained earnings

198,041

173,166

SHAREHOLDERS' FUNDS

198,051

173,176

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2022 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 3 January 2023 and were signed on its behalf by:

Mrs S A A Kent - Director

1.	STATUTORY INFORMATION

Kenico One 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 is ascertained in a manner appropriate to the stage of completion of the long term contracts. For speculative developments turnover is recognised at the date of exchange of contracts.

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

-

25% on cost

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).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2021

and 30 September 2022

18,155

DEPRECIATION

At 1 October 2021

18,020

Charge for year

135

At 30 September 2022

18,155

NET BOOK VALUE

At 30 September 2022

-

At 30 September 2021

135

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2021

and 30 September 2022

1,564,144

NET BOOK VALUE

At 30 September 2022

1,564,144

At 30 September 2021

1,564,144

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Tax

5,867

11,574

Directors' current accounts

595,168

595,168

Accrued expenses

2,160

4,050

603,195

610,792

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans due in more that 5 years with no instalments

924,549

924,549

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans due in more that 5 years with no instalments

924,549

924,549

8.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

£

Bank loans

924,549

924,549

The bank loan is secured by way of a fixed charge over the freehold properties owned by the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,000

Ordinary

£0.01

10

10

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kenico One Limited for the year ended 30 September 2022 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Kenico One Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kenico One Limited and state those matters that we have agreed to state to the Board of Directors of Kenico One Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kenico One Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kenico One Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kenico One Limited. You consider that Kenico One Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kenico One Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Deeks Evans

Chartered Accountants

First Floor, West Barn

North Frith Farm, Ashes Lane

Hadlow

Tonbridge

Kent

TN11 9QU

3 January 2023