Silverfin false false 30/09/2024 01/10/2023 30/09/2024 N C Howard 17/10/2023 L D Hubbard 01/06/2011 S Knowles 01/06/2011 D G Langford 01/06/2011 C J Langley 17/10/2023 01/06/2011 B J Lench 17/10/2023 D R Pitman 01/06/2011 20 June 2025 The principal activity of the Company during the financial year was a managing agent for The Hollies Leisure Club. 07654810 2024-09-30 07654810 bus:Director1 2024-09-30 07654810 bus:Director2 2024-09-30 07654810 bus:Director3 2024-09-30 07654810 bus:Director4 2024-09-30 07654810 bus:Director5 2024-09-30 07654810 bus:Director6 2024-09-30 07654810 bus:Director7 2024-09-30 07654810 2023-09-30 07654810 core:CurrentFinancialInstruments 2024-09-30 07654810 core:CurrentFinancialInstruments 2023-09-30 07654810 core:ShareCapital 2024-09-30 07654810 core:ShareCapital 2023-09-30 07654810 core:FurnitureFittings 2023-09-30 07654810 core:ComputerEquipment 2023-09-30 07654810 core:FurnitureFittings 2024-09-30 07654810 core:ComputerEquipment 2024-09-30 07654810 2023-10-01 2024-09-30 07654810 bus:FilletedAccounts 2023-10-01 2024-09-30 07654810 bus:SmallEntities 2023-10-01 2024-09-30 07654810 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 07654810 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 07654810 bus:Director1 2023-10-01 2024-09-30 07654810 bus:Director2 2023-10-01 2024-09-30 07654810 bus:Director3 2023-10-01 2024-09-30 07654810 bus:Director4 2023-10-01 2024-09-30 07654810 bus:Director5 2023-10-01 2024-09-30 07654810 bus:Director6 2023-10-01 2024-09-30 07654810 bus:Director7 2023-10-01 2024-09-30 07654810 core:FurnitureFittings core:TopRangeValue 2023-10-01 2024-09-30 07654810 core:ComputerEquipment core:TopRangeValue 2023-10-01 2024-09-30 07654810 2022-10-01 2023-09-30 07654810 core:FurnitureFittings 2023-10-01 2024-09-30 07654810 core:ComputerEquipment 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Company No: 07654810 (England and Wales)

HRA MANAGEMENT COMPANY (KENT) LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

HRA MANAGEMENT COMPANY (KENT) LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

HRA MANAGEMENT COMPANY (KENT) LIMITED

COMPANY INFORMATION

For the financial year ended 30 September 2024
HRA MANAGEMENT COMPANY (KENT) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 September 2024
DIRECTORS N C Howard (Appointed 17 October 2023)
L D Hubbard
S Knowles
D G Langford
C J Langley (Resigned 17 October 2023)
B J Lench (Appointed 17 October 2023)
D R Pitman
REGISTERED OFFICE Nexus House
2 Cray Road
Sidcup
DA14 5DA
United Kingdom
COMPANY NUMBER 07654810 (England and Wales)
ACCOUNTANT McBrides Accountants LLP
Nexus House
2 Cray Road
Sidcup
DA14 5DA
United Kingdom
HRA MANAGEMENT COMPANY (KENT) LIMITED

BALANCE SHEET

As at 30 September 2024
HRA MANAGEMENT COMPANY (KENT) LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 12,581 15,201
12,581 15,201
Current assets
Debtors 4 64,273 75,291
Cash at bank and in hand 5 366,549 320,161
430,822 395,452
Creditors: amounts falling due within one year 6 ( 443,403) ( 410,653)
Net current liabilities (12,581) (15,201)
Total assets less current liabilities 0 0
Net assets 0 0
Capital and reserves
Called-up share capital 0 0
Total shareholders' funds 0 0

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of HRA Management Company (Kent) Limited (registered number: 07654810) were approved and authorised for issue by the Board of Directors on 20 June 2025. They were signed on its behalf by:

S Knowles
Director
HRA MANAGEMENT COMPANY (KENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
HRA MANAGEMENT COMPANY (KENT) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

HRA Management Company (Kent) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Nexus House, 2 Cray Road, Sidcup, DA14 5DA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Fixtures and fittings 5 years straight line
Computer equipment 5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 18 19

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 October 2023 19,908 230 20,138
Additions 0 1,634 1,634
At 30 September 2024 19,908 1,864 21,772
Accumulated depreciation
At 01 October 2023 4,918 19 4,937
Charge for the financial year 3,982 272 4,254
At 30 September 2024 8,900 291 9,191
Net book value
At 30 September 2024 11,008 1,573 12,581
At 30 September 2023 14,990 211 15,201

4. Debtors

2024 2023
£ £
Trade debtors 55,510 51,580
Other debtors 8,763 23,711
64,273 75,291

5. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 108,741 116,839
Short-term deposits 257,808 203,322
366,549 320,161

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 25,351
Other taxation and social security 0 988
Other creditors 443,403 384,314
443,403 410,653