1 February 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP138298222023-02-012024-01-31138298222024-01-3113829822bus:Director12023-02-012024-01-3113829822bus:Director22023-02-012024-01-3113829822bus:Director22024-01-3113829822bus:Director32023-02-012024-01-3113829822bus:Director32024-01-3113829822bus:RegisteredOffice2023-02-012024-01-31138298222022-01-052023-01-31138298222023-01-3113829822core:WithinOneYear2024-01-3113829822core:WithinOneYear2023-01-3113829822core:ShareCapital2024-01-3113829822core:ShareCapital2023-01-3113829822core:RetainedEarningsAccumulatedLosses2024-01-3113829822core:RetainedEarningsAccumulatedLosses2023-01-3113829822core:RetainedEarningsAccumulatedLosses2022-01-052023-01-3113829822core:ShareCapital2022-01-052023-01-3113829822core:ShareCapital2023-02-0113829822core:RetainedEarningsAccumulatedLosses2023-02-01138298222023-02-0113829822core:RetainedEarningsAccumulatedLosses2023-02-012024-01-311382982212023-02-012024-01-3113829822countries:EnglandWales2023-02-012024-01-3113829822bus:AuditExemptWithAccountantsReport2023-02-012024-01-3113829822bus:PrivateLimitedCompanyLtd2023-02-012024-01-3113829822bus:SmallEntities2023-02-012024-01-3113829822bus:FullAccounts2023-02-012024-01-31
Company registration number:
13829822
Kentwood Estate Agents Ltd
Unaudited Financial Statements for the year ended
31 January 2024
Kentwood Estate Agents Ltd
Officers and Professional Advisers
Year ended
31 January 2024
Directors
P Wood
S Horn
(appointed
19 June 2023
and resigned
4 April 2024
)
L Kent
(resigned
4 April 2024
)
Registered office
4385, 13829822 - COMPANIES HOUSE DEFAULT ADDRESS
Cardiff
CF14 8LH
Accountant
Johnston Accountants Limited
36 Ashdene Road
Ash
Guildford
Surrey
GU12 6SZ
United Kingdom
Kentwood Estate Agents Ltd
Directors' Report
Year ended
31 January 2024
The directors present their report and the unaudited
financial statements
of the company for the year ended 31 January 2024.

Directors

The directors who served the company during the year were as follows:
P Wood
S Horn
(appointed
19 June 2023
and resigned
4 April 2024
)
L Kent
(resigned
4 April 2024
)

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
23 October 2024
and signed on behalf of the board by:
P Wood
Director
Kentwood Estate Agents Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Kentwood Estate Agents Ltd
Year ended
31 January 2024
As described on the statement of financial position, the Board of Directors of
Kentwood Estate Agents Ltd
are responsible for the preparation of the
financial statements
for the year ended
31 January 2024
, which comprise the income statement, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Johnston Accountants Limited
36 Ashdene Road
Ash
Guildford
Surrey
GU12 6SZ
United Kingdom
Date:
23 October 2024
Kentwood Estate Agents Ltd
Income Statement
Year ended
31 January 2024
Year to 31 Jan 2024Period from 5 Jan 2022 to 31 Jan 2023
££
Turnover
25,813
 
3,784
 
Cost of sales
(26,066
) (36,538 )
Gross loss
(253
)
(32,754
)
Administrative expenses
(38,916
)
(24,748
)
Operating loss
(39,169
)
(57,502
)
Income from participating interests
22,822
 
40,299
 
Other interest receivable and similar income
13
  -  
Loss before tax
(16,334
)
(17,203
)
Tax on loss -   -  
Loss for the financial year
(16,334
)
(17,203
)
The company has no other recognised items of income or expense other than the results for the year as set out above.
Kentwood Estate Agents Ltd
Statement of Financial Position
31 January 2024
20242023
Note££
Current assets    
Debtors 5 -  
3,047
 
Cash at bank and in hand
(6
)
1
 
(6
)
3,048
 
Creditors: amounts falling due within one year 6
(33,529
)
(20,249
)
Net current liabilities
(33,535
)
(17,201
)
Total assets less current liabilities (33,535 ) (17,201 )
Capital and reserves    
Called up share capital
2
 
2
 
Profit and loss account
(33,537
)
(17,203
)
Shareholders deficit
(33,535
)
(17,201
)
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.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year 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
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
23 October 2024
, and are signed on behalf of the board by:
P Wood
Director
Company registration number:
13829822
Kentwood Estate Agents Ltd
Statement of Changes in Equity
Year ended
31 January 2024
Called up share capitalProfit and loss accountTotal
£££
At 5 January 2022 -   -   -  
Loss for the period- (17,203)(17,203)
Total comprehensive income for the period- 
(17,203
)
(17,203
)
Issue of shares
2
 - 
2
 
Total investments by and distributions to owners
2
 - 
2
 
At 31 January 2023 and 
1 February 2023
2
 
(17,203
)
(17,201
)
Loss for the year- (16,334)(16,334)
Total comprehensive income for the year- 
(16,334
)
(16,334
)
At
31 January 2024
2
 
(33,537
)
(33,535
)
Kentwood Estate Agents Ltd
Notes to the Financial Statements
Year ended
31 January 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
4385, 13829822 - COMPANIES HOUSE DEFAULT ADDRESS
,
Cardiff
,
CF14 8LH
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Debtors

20242023
££
Other debtors -  
3,047
 

6 Creditors: amounts falling due within one year

20242023
££
Trade creditors
3,713
 
2,335
 
Taxation and social security
15,786
 
8,004
 
Other creditors
14,030
 
9,910
 
33,529
 
20,249