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REGISTERED NUMBER: 07759359 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

KENT HOUSE PARTNERSHIP LIMITED

KENT HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 07759359)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KENT HOUSE PARTNERSHIP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G E Algar
J E Algar
B Algar





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 07759359 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

KENT HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 07759359)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,496 171,786

CURRENT ASSETS
Stocks - 31,358
Debtors 5 349,451 891,444
Cash at bank 400,321 47,764
749,772 970,566
CREDITORS
Amounts falling due within one year 6 849,390 777,905
NET CURRENT (LIABILITIES)/ASSETS (99,618 ) 192,661
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,878

364,447

CREDITORS
Amounts falling due after more than one
year

7

(153,401

)

(245,572

)

PROVISIONS FOR LIABILITIES (30,379 ) -
NET (LIABILITIES)/ASSETS (169,902 ) 118,875

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings (170,052 ) 118,725
(169,902 ) 118,875

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

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 5 September 2024 and were signed on its behalf by:




J E Algar - Director


KENT HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 07759359)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Kent House Partnership 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 258,048
Disposals (9,133 )
At 31 December 2023 248,915
DEPRECIATION
At 1 January 2023 86,262
Charge for year 58,290
Eliminated on disposal (9,133 )
At 31 December 2023 135,419
NET BOOK VALUE
At 31 December 2023 113,496
At 31 December 2022 171,786

KENT HOUSE PARTNERSHIP LIMITED (REGISTERED NUMBER: 07759359)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 3,798 3,798
Amounts owed by associates 6,913 283,914
Other debtors 338,740 603,732
349,451 891,444

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 16,895 16,895
Hire purchase contracts 19,946 24,000
Trade creditors 184,317 404,148
Amounts owed to associates 190,419 -
Taxation and social security 267,199 327,186
Other creditors 170,614 5,676
849,390 777,905

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 33,541 108,819
Hire purchase contracts 119,860 136,753
153,401 245,572

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the balance sheet date, the Directors owed the company £173,345 (2022: £570,730). This loan is interest free and repayable on demand.