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COMPANY REGISTRATION NUMBER: 14333414
East Kent Timber Property Development Limited
Filleted Unaudited Financial Statements
31 December 2023
East Kent Timber Property Development Limited
Financial Statements
Period from 2 September 2022 to 31 December 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
East Kent Timber Property Development Limited
Statement of Financial Position
31 December 2023
31 Dec 23
Note
£
£
Current assets
Stocks
391,163
Creditors: amounts falling due within one year
5
391,063
---------
Net current assets
100
----
Total assets less current liabilities
100
----
Capital and reserves
Called up share capital
100
----
Shareholders funds
100
----
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 16 April 2024 , and are signed on behalf of the board by:
G A Maynard
T F Parry
Director
Director
Company registration number: 14333414
East Kent Timber Property Development Limited
Notes to the Financial Statements
Period from 2 September 2022 to 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Howfield Lane, Chartham, Canterbury, Kent, CT4 7HQ, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
During the period, the average number of employees including directors was 2.
5. Creditors: amounts falling due within one year
31 Dec 23
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
391,063
---------
6. Controlling party
The company is a subsidiary of East Kent Timber Limited which is the ultimate parent company incorporated in the United Kingdom. The registered office is Howfield Lane, Chartham, Canterbury, Kent, CT4 7HQ.