Caseware UK (AP4) 2022.0.179 2022.0.179 2023-05-312023-05-3102022-06-01true0The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truefalseNo description of principal activity 05913925 2022-06-01 2023-05-31 05913925 2021-06-01 2022-05-31 05913925 2023-05-31 05913925 2022-05-31 05913925 c:CompanySecretary1 2022-06-01 2023-05-31 05913925 c:Director1 2022-06-01 2023-05-31 05913925 c:Director2 2022-06-01 2023-05-31 05913925 c:RegisteredOffice 2022-06-01 2023-05-31 05913925 d:CurrentFinancialInstruments 2023-05-31 05913925 d:CurrentFinancialInstruments 2022-05-31 05913925 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 05913925 d:CurrentFinancialInstruments d:WithinOneYear 2022-05-31 05913925 d:ShareCapital 2023-05-31 05913925 d:ShareCapital 2022-05-31 05913925 d:RetainedEarningsAccumulatedLosses 2023-05-31 05913925 d:RetainedEarningsAccumulatedLosses 2022-05-31 05913925 c:FRS102 2022-06-01 2023-05-31 05913925 c:AuditExempt-NoAccountantsReport 2022-06-01 2023-05-31 05913925 c:FullAccounts 2022-06-01 2023-05-31 05913925 c:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure
Company registration number: 05913925







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2023


KENTMERE HOMES (SEVENOAKS) LIMITED






































                        

 


KENTMERE HOMES (SEVENOAKS) LIMITED
 


 
COMPANY INFORMATION


Directors
C R Roberts 
N G Roberts 




Company secretary
C R Roberts



Registered number
05913925



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


KENTMERE HOMES (SEVENOAKS) LIMITED
 



CONTENTS



Page
Statement of Financial Position
1
Notes to the Financial Statements
2 - 3


 


KENTMERE HOMES (SEVENOAKS) LIMITED
REGISTERED NUMBER:05913925



STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2023

2023
2022
Note
£
£

  

Current assets
  

Stocks
  
919,767
1,085,265

Debtors: amounts falling due within one year
 4 
62,658
129,767

  
982,425
1,215,032

Creditors: amounts falling due within one year
 5 
(235,863)
(597,713)

Net current assets
  
 
 
746,562
 
 
617,319

Total assets less current liabilities
  
746,562
617,319

  

Net assets
  
746,562
617,319


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
746,561
617,318

  
746,562
617,319


The Directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C R Roberts
Director
Date: 19 February 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 


KENTMERE HOMES (SEVENOAKS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1.


General information

Kentmere Homes (Sevenoaks) Limited is a private company limited by shares, registered in England and Wales
under the Companies Act 2006. The address of the registered office is disclosed on the company information page. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

  
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and
the revenue can be reliably measured. Turnover represents the invoiced value of sales of land and property,
exclusive of Value Added Tax. Sales are recognised on completion of contracts.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

  
2.5

Work in progress

Work in progress is valued on the basis of direct costs incurred. Acquisition of sites are recognised on exchange of contracts. No element of profit is included in the valuation of work in progress.

Page 2

 


KENTMERE HOMES (SEVENOAKS) LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The Company has no employees other than the Directors, who did not receive any remuneration (2022 - £NIL).


4.


Debtors

2023
2022
£
£


Deferred taxation
62,658
129,767

62,658
129,767



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
102,222

Amounts owed to group undertakings
224,281
475,191

Accruals and deferred income
11,582
20,300

235,863
597,713


The bank loans included above were secured by way of fixed and floating charge over the assets held by the company.

 
Page 3