Kindmost Ltd - Filleted accounts

Kindmost Ltd - Filleted accounts

KINDMOST LIMITED - Company Information

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Registered number
02251651
Kindmost Ltd
Filleted Accounts
31 December 2022
Kindmost Ltd
Registered number: 02251651
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 485,000 485,000
Current assets
Debtors 4 6,120 12,185
Cash at bank and in hand 259,135 236,272
265,255 248,457
Creditors: amounts falling due within one year 5 (32,414) (18,426)
Net current assets 232,841 230,031
Net assets 717,841 715,031
Capital and reserves
Called up share capital 2 2
Revaluation reserve 6 284,351 284,351
Profit and loss account 433,488 430,678
Shareholders' funds 717,841 715,031
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Reece
Director
Approved by the board on 5 September 2023
Kindmost Ltd
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2022 485,000
At 31 December 2022 485,000
Revaluation
At 31 December 2022 -
Net book value
At 31 December 2022 485,000
At 31 December 2021 485,000
The assets were valued by Mr A Reece (director). The director is of the opinion that no revaluation should take place.
4 Debtors 2022 2021
£ £
Other debtors 6,120 12,185
5 Creditors: amounts falling due within one year 2022 2021
£ £
Trade creditors 21,031 1,356
Corporation tax 5,263 4,885
Other creditors 6,120 12,185
32,414 18,426
6 Revaluation reserve 2022 2021
£ £
At 1 January 2022 284,351 284,351
At 31 December 2022 284,351 284,351
7 Controlling party
The company is controlled by Sovereign Trustees Limited by virtue of it's 100% ownership of the issued share capital.
8 Other information
Kindmost Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Venture House
52 Bramhall Lane South
Bramhall
Stockport
SK7 1AH
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