Company Registration No. 10917530 (England and Wales)
Kentwich Property Limited
Unaudited accounts
for the year ended 31 August 2023
Kentwich Property Limited
Unaudited accounts
Contents
Kentwich Property Limited
Company Information
for the year ended 31 August 2023
Company Number
10917530 (England and Wales)
Registered Office
21 KILN WAY
HALLING
ROCHESTER
ME2 1FP
UNITED KINGDOM
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Kentwich Property Limited
Statement of financial position
as at 31 August 2023
Investment property
519,896
519,896
Cash at bank and in hand
7,886
1,338
Creditors: amounts falling due within one year
(145,417)
(144,404)
Net current liabilities
(137,531)
(143,066)
Total assets less current liabilities
382,365
376,830
Creditors: amounts falling due after more than one year
(380,635)
(380,634)
Net assets/(liabilities)
1,730
(3,804)
Called up share capital
1
1
Profit and loss account
1,729
(3,805)
Shareholders' funds
1,730
(3,804)
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 March 2024 and were signed on its behalf by
Hailin Zhao
Director
Company Registration No. 10917530
Kentwich Property Limited
Notes to the Accounts
for the year ended 31 August 2023
Kentwich Property Limited is a private company, limited by shares, registered in England and Wales, registration number 10917530. The registered office is 21 KILN WAY, HALLING, ROCHESTER, ME2 1FP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 September 2022
519,896
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
406
-
Loans from directors
144,652
144,045
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
380,635
380,634
Other creditors relate to loans which are secured over the properties by which they relate.
Kentwich Property Limited
Notes to the Accounts
for the year ended 31 August 2023
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).