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REGISTERED NUMBER: 02105817 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

KENTBRIM LIMITED

KENTBRIM LIMITED (REGISTERED NUMBER: 02105817)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KENTBRIM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: P R Hargrave
Ms E J Hargrave
J A Hargrave
O P Hargrave





SECRETARY: P R Hargrave





REGISTERED OFFICE: Brownlands Nursing Home
34 London Road
Daventry
Northamptonshire
NN11 4BZ





REGISTERED NUMBER: 02105817 (England and Wales)





ACCOUNTANTS: Walker Thompson Ltd
Accountants and Registered Auditors
Empress House
43A Binley Road
Coventry
CV3 1HU

KENTBRIM LIMITED (REGISTERED NUMBER: 02105817)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,502,953 1,323,807

CURRENT ASSETS
Stocks 3,000 3,000
Debtors 5 711,886 216,523
Cash at bank and in hand 103,570 99,059
818,456 318,582
CREDITORS
Amounts falling due within one year 6 187,289 223,712
NET CURRENT ASSETS 631,167 94,870
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,134,120

1,418,677

CREDITORS
Amounts falling due after more than one
year

7

(643,028

)

(238,898

)

PROVISIONS FOR LIABILITIES (23,892 ) (17,593 )
NET ASSETS 1,467,200 1,162,186

CAPITAL AND RESERVES
Called up share capital 9 406 406
Revaluation reserve 10 981,380 790,804
Capital redemption reserve 406 406
Retained earnings 485,008 370,570
SHAREHOLDERS' FUNDS 1,467,200 1,162,186

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

KENTBRIM LIMITED (REGISTERED NUMBER: 02105817)

BALANCE SHEET - continued
31 MARCH 2024


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 30 July 2024 and were signed on its behalf by:





P R Hargrave - Director


KENTBRIM LIMITED (REGISTERED NUMBER: 02105817)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Kentbrim 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.

Turnover
Turnover represents the amount chargeable to residents for the provision of nursing and care services. The company is not registered for VAT and income is recognised on an accruals basis relative to each persons period of residence.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

KENTBRIM LIMITED (REGISTERED NUMBER: 02105817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Grants
Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2023 - 41 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 1,300,000 390,689 13,008 1,703,697
Additions - 11,609 - 11,609
Disposals - - (6,008 ) (6,008 )
Revaluations 100,000 (302,298 ) - (202,298 )
At 31 March 2024 1,400,000 100,000 7,000 1,507,000
DEPRECIATION
At 1 April 2023 65,000 306,622 8,268 379,890
Charge for year - 14,351 985 15,336
Eliminated on disposal - - (5,206 ) (5,206 )
Revaluation adjustments (65,000 ) (320,973 ) - (385,973 )
At 31 March 2024 - - 4,047 4,047
NET BOOK VALUE
At 31 March 2024 1,400,000 100,000 2,953 1,502,953
At 31 March 2023 1,235,000 84,067 4,740 1,323,807

KENTBRIM LIMITED (REGISTERED NUMBER: 02105817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
Valuation in 1997 74,105 - - 74,105
Valuation in 2003 205,000 - - 205,000
Valuation in 2013 330,770 - - 330,770
Valuation in 2024 100,000 (302,298 ) - (202,298 )
Cost 690,125 402,298 7,000 1,099,423
1,400,000 100,000 7,000 1,507,000

If tangible fixed assets had not been revalued they would have been included at the following historical cost:

FreeholdFixturesFreeholdFixtures
propertyandpropertyand
fittingsfittings
2024202420232023
££££
Cost690,125402,298690,125390,689
Aggregate depreciation252,830320,973245,929306,622

Tangible fixed assets were valued on an open market basis on 19 February 2024 by Eddisons Chartered Property Surveyors..

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 152,032 206,489
Amounts owed by group undertakings 550,304 -
Other debtors 5,364 5,848
Prepayments and accrued income 4,186 4,186
711,886 216,523

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,172 29,296
Trade creditors 63,495 89,310
Tax 62,085 15,476
Social security and other taxes 16,007 14,939
Other creditors 3,553 3,120
Directors' loan 838 59,972
Accrued expenses 11,139 11,599
187,289 223,712

KENTBRIM LIMITED (REGISTERED NUMBER: 02105817)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 32,757 30,954
Bank loans - 2-5 years 116,098 103,774
Bank loans - more than 5 years by
instalments

494,173

104,170
643,028 238,898

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years by
instalments

494,173

104,170

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 673,200 268,194

The bank loan in favour of Allica Bank Limited is secured by a fixed charge and floating over the company's freehold premises and all other property, stock in trade and book debts.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary £1 400 400
3 A ordinary £1 3 3
3 B ordinary £1 3 3
406 406

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 790,804
Revaluation in year 196,675
Transfer (6,099 )

At 31 March 2024 981,380