Company Registration No. 10510326 (England and Wales)
KENT PROPERTY SOURCE LTD
Unaudited accounts
for the year ended 31 December 2024
KENT PROPERTY SOURCE LTD
Unaudited accounts
Contents
KENT PROPERTY SOURCE LTD
Company Information
for the year ended 31 December 2024
Directors
Thomas Zarzycki
Julija Zazicka
Company Number
10510326 (England and Wales)
Registered Office
HEATH VIEW LEEDS ROAD
LANGLEY
MAIDSTONE
KENT
ME17 3JQ
UNITED KINGDOM
KENT PROPERTY SOURCE LTD
Statement of financial position
as at 31 December 2024
Investment property
1,376,514
820,000
Cash at bank and in hand
21,793
18,350
Creditors: amounts falling due within one year
(1,025)
(2,726)
Net current assets
22,065
15,624
Total assets less current liabilities
1,398,835
835,966
Creditors: amounts falling due after more than one year
(1,308,679)
(745,674)
Provisions for liabilities
Deferred tax
(15,585)
(13,685)
Called up share capital
100
100
Revaluation reserve
(10,000)
-
Profit and loss account
84,471
76,507
Shareholders' funds
74,571
76,607
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2025 and were signed on its behalf by
Thomas Zarzycki
Director
Company Registration No. 10510326
KENT PROPERTY SOURCE LTD
Notes to the Accounts
for the year ended 31 December 2024
KENT PROPERTY SOURCE LTD is a private company, limited by shares, registered in England and Wales, registration number 10510326. The registered office is HEATH VIEW LEEDS ROAD, LANGLEY, MAIDSTONE, KENT, ME17 3JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
KENT PROPERTY SOURCE LTD
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Fair value at 1 January 2024
820,000
At 31 December 2024
1,376,514
Investment property comprises property at fair value of £1,376,514. The fair value of the investment property has been arrived on the basis of a valuation carried out by the directors best estimate. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
Amounts falling due within one year
Accrued income and prepayments
537
-
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
1,731
KENT PROPERTY SOURCE LTD
Notes to the Accounts
for the year ended 31 December 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
776,126
585,765
Other creditors
109,113
70,364
Loans from directors
423,440
89,545
The bank loan are secured against the properties in the company's name by the way of a fixed and floating charge.
9
Transactions with related parties
Within other creditors is an amount of £109,113 (2023: £70,364) due to company with common directors.
10
Average number of employees
During the year the average number of employees was 2 (2023: 2).