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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
Page
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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
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KENT PROPERTY SOURCE LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
256 
342 
Investment property
1,376,514 
820,000 
1,376,770 
820,342 
Current assets
Debtors
1,297 
- 
Cash at bank and in hand
21,793 
18,350 
23,090 
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)
Net assets
74,571 
76,607 
Capital and reserves
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
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KENT PROPERTY SOURCE LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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KENT PROPERTY SOURCE LTD Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
949 
At 31 December 2024
949 
Depreciation
At 1 January 2024
607 
Charge for the year
86 
At 31 December 2024
693 
Net book value
At 31 December 2024
256 
At 31 December 2023
342 
5
Investment property
2024 
£ 
Fair value at 1 January 2024
820,000 
Additions
556,514 
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.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
537 
- 
Amounts falling due after more than one year
Other debtors
760 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
1,731 
Accruals
1,025 
995 
1,025 
2,726 
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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 
1,308,679 
745,674 
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).
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