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REGISTERED NUMBER: 09046915 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Kennet Estates Ltd

Kennet Estates Ltd (Registered number: 09046915)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Kennet Estates Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: E M Sewell
Mrs J Sewell





REGISTERED OFFICE: 1 Samantha Close
Welford-on- Avon
Warwickshire
CV37 8DT





REGISTERED NUMBER: 09046915 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Kennet Estates Ltd (Registered number: 09046915)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,899 5,160
Investment property 5 412,529 412,529
418,428 417,689

CURRENT ASSETS
Cash at bank 1,753 961

CREDITORS
Amounts falling due within one year 6 (333,257 ) (339,302 )
NET CURRENT LIABILITIES (331,504 ) (338,341 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,924

79,348

CREDITORS
Amounts falling due after more than one
year

7

(156

)

-
NET ASSETS 86,768 79,348

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 86,668 79,248
SHAREHOLDERS' FUNDS 86,768 79,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

Kennet Estates Ltd (Registered number: 09046915)

Balance Sheet - continued
31 May 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2023 and were signed on its behalf by:





Mrs J Sewell - Director


Kennet Estates Ltd (Registered number: 09046915)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Kennet Estates Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 relates to rental income receivable during the period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and fixtures - 15% on reducing balance

Investment property
Investment property is at cost and the directors believe it is a realistic current value as at the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Kennet Estates Ltd (Registered number: 09046915)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

4. TANGIBLE FIXED ASSETS
Furniture
and Computer
fixtures equipment Totals
£    £    £   
COST
At 1 June 2022 15,694 - 15,694
Additions 559 749 1,308
At 31 May 2023 16,253 749 17,002
DEPRECIATION
At 1 June 2022 10,534 - 10,534
Charge for year 494 75 569
At 31 May 2023 11,028 75 11,103
NET BOOK VALUE
At 31 May 2023 5,225 674 5,899
At 31 May 2022 5,160 - 5,160

5. INVESTMENT PROPERTY
Total
£   
COST
At 1 June 2022
and 31 May 2023 412,529
NET BOOK VALUE
At 31 May 2023 412,529
At 31 May 2022 412,529

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 374 -
Tax 2,506 2,176
Directors' current accounts 329,831 336,601
Accrued expenses 546 525
333,257 339,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 156 -

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Kennet Estates Ltd

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 Kennet Estates Ltd for the year ended 31 May 2023 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Kennet Estates Ltd, 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 Kennet Estates Ltd and state those matters that we have agreed to state to the Board of Directors of Kennet Estates Ltd, 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 Kennet Estates Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kennet Estates Ltd 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 Kennet Estates Ltd. You consider that Kennet Estates Ltd 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 Kennet Estates Ltd. 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.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


15 September 2023