REGISTERED NUMBER: 00542980 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KEN TEA COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J.R. Dean

Miss R Dean

REGISTERED OFFICE:

Second Floor South

The Fitted Rigging House

Anchor Wharf, The Historic Dockyard

Chatham

Kent

ME4 4TZ

REGISTERED NUMBER:

00542980 (England and Wales)

ACCOUNTANTS:

Carleys

Second Floor South

The Fitted Rigging House

The Historic Dockyard

Chatham

Kent

ME4 4TZ

FIXED ASSETS

Tangible assets

4

55,922

45,434

Investment property

5

478,400

478,400

534,322

523,834

CURRENT ASSETS

Debtors

6

6,730

5,887

Cash at bank

22,674

39,337

29,404

45,224

CREDITORS

Amounts falling due within one year

7

(7,167

)

(12,187

)

NET CURRENT ASSETS

22,237

33,037

TOTAL ASSETS LESS CURRENT LIABILITIES

556,559

556,871

PROVISIONS FOR LIABILITIES

(25,880

)

(26,122

)

NET ASSETS

530,679

530,749

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

36,381

36,381

Fair value reserve

392,991

392,991

Retained earnings

101,207

101,277

SHAREHOLDERS' FUNDS

530,679

530,749

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

Mrs J.R. Dean - Director

1.	STATUTORY INFORMATION

Ken Tea Company 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover 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 each asset over its estimated useful life.

Land and buildings

-

not provided

Plant and machinery etc

-

15% on reducing balance

The company's land and buildings included within tangible assets are valued at fair value.

Investment property

Investment properties are included in the financial statements at fair value. Gains and losses are recognised in the income statement. Deferred taxation is provided on these gains and losses at the rate expected to apply when the properties are sold.

Current and deferred taxation

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

Current or deferred taxation assets and liabilities are not discounted.

Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

41,600

7,400

49,000

Additions

11,768

-

11,768

Disposals

-

(1,140

)

(1,140

)

At 31 December 2024

53,368

6,260

59,628

DEPRECIATION

At 1 January 2024

-

3,566

3,566

Charge for year

-

879

879

Eliminated on disposal

-

(739

)

(739

)

At 31 December 2024

-

3,706

3,706

NET BOOK VALUE

At 31 December 2024

53,368

2,554

55,922

At 31 December 2023

41,600

3,834

45,434

Cost or valuation at 31 December 2024 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 1990

14,086

-

14,086

Valuation in 2003

7,095

-

7,095

Valuation in 2009

13,600

-

13,600

Valuation in 2017

2,000

-

2,000

Valuation in 2021

(400

)

-

(400

)

Cost

16,987

6,260

23,247

53,368

6,260

59,628

If freehold property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

16,987

5,218

The freehold property was valued on an open market basis on 31 December 2024 by the directors .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

478,400

NET BOOK VALUE

At 31 December 2024

478,400

At 31 December 2023

478,400

Fair value at 31 December 2024 is represented by:

£

Valuation in 1990

161,995

Valuation in 2003

81,593

Valuation in 2009

156,400

Valuation in 2017

23,000

Valuation in 2021

(4,600

)

Cost

60,012

478,400

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

60,012

60,012

Investment property was valued on an open market basis on 31 December 2024 by the directors .

The investment properties have been measured at fair value which is the open market value of the properties. The fair value adjustment has been taken through to the Income Statement.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

3,150

2,110

Other debtors

3,580

3,777

6,730

5,887

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

1,506

-

Taxation and social security

1,164

4,569

Other creditors

4,497

7,618

7,167

12,187

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

51

Ordinary A

£1

51

51

49

Ordinary B

£1

49

49

100

100