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REGISTERED NUMBER: 05845583 (England and Wales)















N H Developments (Kent) Limited

Unaudited Financial Statements for the Year Ended 30 June 2024






N H Developments (Kent) Limited (Registered number: 05845583)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


N H Developments (Kent) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: N H Flegg



SECRETARY: Mrs A H Kyriacou-Flegg



REGISTERED OFFICE: 1 High Street
Sheerness
Kent
ME12 1NY



BUSINESS ADDRESS: 28 The Glen
Minster
Sheerness
Kent
ME12 2SD



REGISTERED NUMBER: 05845583 (England and Wales)



ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY



BANKERS: NatWest Bank
29 High Sreeet
Sheerness
Kent
ME12 1NY

N H Developments (Kent) Limited (Registered number: 05845583)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 5,203 7,119

CURRENT ASSETS
Inventories 250 250
Debtors 5 45,083 42,468
Cash at bank 5,777 13,147
51,110 55,865
CREDITORS
Amounts falling due within one year 6 40,861 42,727
NET CURRENT ASSETS 10,249 13,138
TOTAL ASSETS LESS CURRENT LIABILITIES 15,452 20,257

CREDITORS
Amounts falling due after more than one
year

7

(9,784

)

(17,512

)

PROVISIONS FOR LIABILITIES (989 ) (1,353 )
NET ASSETS 4,679 1,392

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,579 1,292
SHAREHOLDERS' FUNDS 4,679 1,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

N H Developments (Kent) Limited (Registered number: 05845583)

Statement of Financial Position - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 October 2024 and were signed by:





N H Flegg - Director


N H Developments (Kent) Limited (Registered number: 05845583)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

N H Developments (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.

Significant judgements - going concern
When preparing the financial statements, the director has assessed whether there are significant doubts about the company's ability to continue as a going concern, particularly as he owes the company £24,131. There are no material uncertainties of which the director is aware in making his assessment.

The director has considered the ability to make loan repayments. He considers that the company has sufficient cash reserves to enable it to meet its obligations as they fall due for a period of at least 12 months from the date of signing of these financial statements. As such, the director is satisfied that the company has adequate resources to continue to operate for the foreseeable future and they continue to adopt the going concern basis for preparing these financial statements.

Income recognition
Revenue 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans to and from banks, other third and related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

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

N H Developments (Kent) Limited (Registered number: 05845583)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 8 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 11,600
DEPRECIATION
At 1 July 2023 4,481
Charge for year 1,916
At 30 June 2024 6,397
NET BOOK VALUE
At 30 June 2024 5,203
At 30 June 2023 7,119

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 45,083 42,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,470 8,470
Trade creditors 1,211 -
Taxation and social security 29,434 32,266
Other creditors 1,746 1,991
40,861 42,727

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 9,784 17,512

N H Developments (Kent) Limited (Registered number: 05845583)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
N H Flegg
Balance outstanding at start of year 35,915 55,865
Amounts advanced 11,054 26,445
Amounts repaid (22,837 ) (46,395 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,132 35,915