KINGDOM INITIATIVES LIMITEDActive
Key figures
Ratios
2022/23Balance sheet structure
Filed accounts2022/23
| 2022/23 | |
|---|---|
| Turnover | 5,723,519 |
| Cash at bank and in hand | 166,000 |
| Total assets | 27,534,000 |
| Total liabilities | 15,987,000 |
| Net assets / total equity | 1,987,000 |
| Average number of employees | 0 |
A dash (—) means no accounts were filed for that year or the item is not in the accounts; 0 is a zero stated in the accounts. Small companies usually file only a balance sheet, so the profit and loss account is often missing.
Principal activity
Accounts 2023The main activity of KI during 2022-23 was the management of Mid Market Rented housing (MMR). Asat 31 March 2023, KI owned 222 properties in its own right (2022: 180), of which 12 are leased to KHAfor lead tenancy purposes (2022: 12). KI managed 771 units (2022: 666) on behalf of others during theyear. KI let the tenancies and is responsible for the management and maintenance of the properties inaccordance with lease agreements with the landlords.A two year new build programme of 61 units in St Andrews was commenced, funded initially by UoSA.An independent corporate funder is expected to purchase the completed units from UoSA and leasethem to GSA. GSA will rent principally to postgraduates, designated by the UoSA, and will be responsiblefor management of the units. Pending completion of contracts, GSA remained dormant at year end.
As described in the company's latest filed accounts.
Summary: KINGDOM INITIATIVES LIMITED
Company
KINGDOM INITIATIVES LIMITED is a private limited company registered with Companies House under company number SC383963. It was incorporated on 19 Aug 2010. Its status is active. The registered office is in Glenrothes (KY6). Its nature of business (SIC 2007) is renting and operating of Housing Association real estate (68201), other letting and operating of own or leased real estate (68209), management of real estate on a fee or contract basis (68320).
Accounts
The latest accounts in the database are for 2022/23 (period ending 31 Mar 2023); the company files full accounts. Turnover was £5,723,519. Net assets were £1,987,000. Cash at bank and in hand was £166,000. Total assets were £27,534,000 and total liabilities £15,987,000. The company had an average of 0 employees.
Control and charges
One person with significant control is registered. 2 of 3 registered charges are outstanding.
Filing deadlines
The next accounts are due by 31 Dec 2026. The next confirmation statement is due by 21 Aug 2027.