REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
FOR |
KENT HOLDINGS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
FOR |
KENT HOLDINGS LIMITED |
KENT HOLDINGS LIMITED (REGISTERED NUMBER: 01880534) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
KENT HOLDINGS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
KENT HOLDINGS LIMITED (REGISTERED NUMBER: 01880534) |
STATEMENT OF FINANCIAL POSITION |
30 JUNE 2023 |
30/6/23 | 30/6/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges her 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. |
KENT HOLDINGS LIMITED (REGISTERED NUMBER: 01880534) |
STATEMENT OF FINANCIAL POSITION - continued |
30 JUNE 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
KENT HOLDINGS LIMITED (REGISTERED NUMBER: 01880534) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2023 |
1. | STATUTORY INFORMATION |
Kent Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
The company owns 100% of the issued share capital of the companies listed below: |
Champale Limited |
Kent City Developments Limited |
Under the provisions of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity. |
Stocks & work in progress |
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. |
Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. |
Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included where the outcome of the project may reasonably be determined. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2022 - NIL). |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2022 |
and 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
KENT HOLDINGS LIMITED (REGISTERED NUMBER: 01880534) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/23 | 30/6/22 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30/6/23 | 30/6/22 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022: |
30/6/23 | 30/6/22 |
£ | £ |
Mr M P Kent |
Balance outstanding at start of year | 1,728,383 | 1,728,383 |
Amounts repaid | - | - |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | 1,728,383 | 1,728,383 |
8. | RELATED PARTY DISCLOSURES |
During the year the following transactions took place: |
The company paid £nil (2022 - £nil) for costs relating to property in which Mr M P Kent, a director of the company, has a leasehold interest. As at 30 June 2023 the company was owed £1,728,383 by Mr Kent (2022 - £1,728,383). |
Kent Holdings Limited is responsible for cash management within the group. All income/expenditure is received/paid by Kent Holdings Limited and recharged to the group companies. As at 30 June 2023 £10,120 was owed to Champale Limited (2022 - £10,120) and £120,227 (2022 - £120,227) was owed by Kent City Developments Limited. The company has made a provision of £120,227 (2022 - £120,227) against the Kent City Developments Limited balance. |
At 30 June 2023 £33,522 capital was outstanding (2022 - £33,522). |