0 01/02/2023 31/01/2024 2024-01-31 true false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-02-01 Sage Accounts Production 23.0 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 10570495 2023-02-01 2024-01-31 10570495 2024-01-31 10570495 2023-01-31 10570495 2022-02-01 2023-01-31 10570495 2023-01-31 10570495 2022-01-31 10570495 core:FurnitureFittingsToolsEquipment 2023-02-01 2024-01-31 10570495 bus:Director1 2023-02-01 2024-01-31 10570495 core:FurnitureFittingsToolsEquipment 2023-01-31 10570495 core:FurnitureFittingsToolsEquipment 2024-01-31 10570495 core:WithinOneYear 2024-01-31 10570495 core:WithinOneYear 2023-01-31 10570495 core:ShareCapital 2024-01-31 10570495 core:ShareCapital 2023-01-31 10570495 core:RetainedEarningsAccumulatedLosses 2024-01-31 10570495 core:RetainedEarningsAccumulatedLosses 2023-01-31 10570495 core:FurnitureFittingsToolsEquipment 2023-01-31 10570495 bus:Director1 2023-01-31 10570495 bus:Director1 2024-01-31 10570495 bus:Director1 2022-01-31 10570495 bus:Director1 2023-01-31 10570495 bus:Director1 2022-02-01 2023-01-31 10570495 bus:SmallEntities 2023-02-01 2024-01-31 10570495 bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 10570495 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 10570495 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 10570495 bus:FullAccounts 2023-02-01 2024-01-31 10570495 1 2023-02-01 2024-01-31
KENT PROPERTY HUB LTD
Unaudited filleted financial statements
31 January 2024
Company registration number 10570495
KENT PROPERTY HUB LTD
Contents
Statement of financial position
Notes to the financial statements
KENT PROPERTY HUB LTD
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 315 692
_______ _______
315 692
Current assets
Debtors 5 20 -
Cash at bank and in hand 8,871 6,448
_______ _______
8,891 6,448
Creditors: amounts falling due
within one year 6 ( 3,106) ( 6,124)
_______ _______
Net current assets 5,785 324
_______ _______
Total assets less current liabilities 6,100 1,016
_______ _______
Net assets 6,100 1,016
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 6,000 916
_______ _______
Shareholder funds 6,100 1,016
_______ _______
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 30 April 2024 , and are signed on behalf of the board by:
N.N. Whatley
Director
Company registration number: 10570495
KENT PROPERTY HUB LTD
Notes to the financial statements
Year ended 31 January 2024
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 10 Savage Road, Lordswood, Kent, ME5 8DY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Going concern
These accounts have been prepared on the going concern basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
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 and loans to related parties.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 February 2023 and 31 January 2024 1,512 1,512
_______ _______
Depreciation
At 1 February 2023 820 820
Charge for the year 377 377
_______ _______
At 31 January 2024 1,197 1,197
_______ _______
Carrying amount
At 31 January 2024 315 315
_______ _______
At 31 January 2023 692 692
_______ _______
5. Debtors
2024 2023
£ £
Trade debtors 20 -
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 422 5,105
Corporation tax 1,321 40
Other creditors 1,363 979
_______ _______
3,106 6,124
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
N.N. Whatley ( 451) ( 312) ( 763)
_______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
N.N. Whatley ( 1,221) 770 ( 451)
_______ _______ _______
8. Controlling party
The company is under the control of the director N.N. Whatley . He holds 100% of the issued share capital.