Registration number: 13287371

S&A Properties (Kent) Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 5

S&A Properties (Kent) Ltd

(Registration number: 13287371)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	308	491
Investment property	5	1,344,000	1,935,667
		1,344,308	1,936,158
Current assets
Debtors	6	540	316
Cash at bank and in hand		529,233	35,596
		529,773	35,912
Creditors: Amounts falling due within one year	7	(350,756)	(368,268)
Net current assets/(liabilities)		179,017	(332,356)
Total assets less current liabilities		1,523,325	1,603,802
Creditors: Amounts falling due after more than one year	7	(293,367)	(359,417)
Provisions for liabilities		(17,539)	(20,562)
Net assets		1,212,419	1,223,823
Capital and reserves
Called up share capital	8	104	104
Share premium reserve		1,170,194	1,170,194
Other reserves		57,787	95,334
Profit and loss account		(15,666)	(41,809)
Shareholders' funds		1,212,419	1,223,823

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 September 2025 and signed on its behalf by:
 

 

Mrs S Kearney
Director

S&A Properties (Kent) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1st Floor,
Woburn House
84 St Benedicts Street
Norwich
Norfolk
NR2 4AB

2	Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern
The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% straight line

S&A Properties (Kent) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

S&A Properties (Kent) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Plant and equipment  £	Total £
Cost
At 1 April 2024	731	731
At 31 March 2025	731	731
Depreciation
At 1 April 2024	240	240
Charge for the year	183	183
At 31 March 2025	423	423
Net book value
At 31 March 2025	308	308
At 31 March 2024	491	491

5	Investment property

	2025 £	2024 £
At 1 April	1,935,667	1,925,000
Disposals	(588,667)	-
Fair value adjustments	(3,000)	10,667
At 31 March	1,344,000	1,935,667

The properties were valued by the directors at their market value using current market data for similar properties in the same areas.

6

Debtors

	2025 £	2024 £
Prepayments	540	316
	540	316

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Trade creditors	216	324
Taxation and social security	-	1,370
Other creditors	4,150	5,000
Other loans	318,340	355,310
Accruals	28,050	6,264
	350,756	368,268