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REGISTERED NUMBER: 00450550 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Thanet-Ware (Kent) Limited

Thanet-Ware (Kent) Limited (Registered number: 00450550)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Thanet-Ware (Kent) Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: Mrs D M Cooke
D V Cooke





SECRETARY: D V Cooke





REGISTERED OFFICE: Unit 38 Longshot Lane Industrial Estate
Bracknell
Berkshire
RG12 1RL





REGISTERED NUMBER: 00450550 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
1 Minster Court
Tuscam Way
Camberley
Surrey
GU15 3YY

Thanet-Ware (Kent) Limited (Registered number: 00450550)

Statement of Financial Position
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 445,000 400,000
Investments 5 3 3
445,003 400,003

CURRENT ASSETS
Debtors 6 21,824 21,824
Cash at bank and in hand 326 506
22,150 22,330
CREDITORS
Amounts falling due within one year 7 (1,248 ) (624 )
NET CURRENT ASSETS 20,902 21,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

465,905

421,709

PROVISIONS FOR LIABILITIES (84,550 ) (76,000 )
NET ASSETS 381,355 345,709

CAPITAL AND RESERVES
Called up share capital 600 600
Revaluation reserve 8 166,050 129,600
Other reserves 240,000 240,000
Retained earnings (25,295 ) (24,491 )
381,355 345,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Thanet-Ware (Kent) Limited (Registered number: 00450550)

Statement of Financial Position - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 March 2024 and were signed on its behalf by:





D V Cooke - Director


Thanet-Ware (Kent) Limited (Registered number: 00450550)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Thanet-Ware (Kent) Limited 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Tangible fixed assets are stated at their revaluation amount less any subsequent accumulated depreciation and subsequent impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land- not depreciated
Freehold- 2% on cost

The freehold property has been fully depreciated and only the land is considered to have a value. The residual values, useful lives and depreciation methods are reviewed by the directors annually, and adjusted prospectively if there is an indication of a significant change since the last reporting date.

Investments in subsidiaries
Investments in subsidiary undertakings are stated at cost less accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

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

Thanet-Ware (Kent) Limited (Registered number: 00450550)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST OR VALUATION
At 1 October 2022 400,000
Revaluations 45,000
At 30 September 2023 445,000
NET BOOK VALUE
At 30 September 2023 445,000
At 30 September 2022 400,000

Included in cost or valuation of land and buildings is freehold land of £ 445,000 (2022 - £ 400,000 ) which is not depreciated.

Cost or valuation at 30 September 2023 is represented by:

Freehold
property
£   
Valuation in 2019 60,000
Valuation in 2022 100,000
Valuation in 2023 45,000
Cost 240,000
445,000

Freehold property was valued on an open market basis on 31 August 2023 by Knight Freeman Chartered Surveyors .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2022
and 30 September 2023 3
NET BOOK VALUE
At 30 September 2023 3
At 30 September 2022 3

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 21,824 21,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 1,248 624

Thanet-Ware (Kent) Limited (Registered number: 00450550)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


8. RESERVES
Revaluation
reserve
£   
At 1 October 2022 129,600
Increase in revaluation 45,000
Deferred tax provision (8,550 )

At 30 September 2023 166,050

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
£    £   
Mrs D M Cooke and D V Cooke
Balance outstanding at start of year (624 ) -
Amounts repaid (624 ) (624 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,248 ) (624 )

Loans to the company are unsecured, interest free and repayable on demand.