Company No: 15503838 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	31.03.2025
		£
Fixed assets
Investments	3	1,918,345
		1,918,345
Current assets
Debtors	4	25,194
		25,194
Creditors: amounts falling due within one year	5	( 1,995,328)
Net current liabilities		(1,970,134)
Total assets less current liabilities		(51,789)
Provision for liabilities		( 500)
Net liabilities		( 52,289)
Capital and reserves
Called-up share capital	6	100
Profit and loss account		( 52,389 )
Total shareholders' deficit		( 52,289)

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Kent & Sons Limited (registered number: 15503838) were approved and authorised for issue by the Director on 25 September 2025. They were signed on its behalf by:

J D Kent Director

1. Accounting policies

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

General information and basis of accounting

Kent & Sons 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 Unit A1 Spinnaker House, Hempsted Lane, Gloucester, GL2 5FD, 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 director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £52,289. The Company is supported through loans from the Subsidiary Company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Subsidiary Company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met 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.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The reporting period length is 13 months as this is the first period of accounts since incorporation.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

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

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	Period from 19.02.2024 to 31.03.2025
	Number
Monthly average number of persons employed by the Company during the period, including the director	0

3. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 19 February 2024	0		0
Additions	1,918,345		1,918,345
At 31 March 2025	1,918,345		1,918,345
Carrying value at 31 March 2025	1,918,345		1,918,345

4. Debtors

	31.03.2025
	£
Amounts owed by director	25,194

5. Creditors: amounts falling due within one year

	31.03.2025
	£
Amounts owed to own subsidiaries	352,036
Accruals	43,292
Other creditors	1,600,000
	1,995,328

£1,600,000 other creditors above requires that loan repayments be made based on profits in the company, and therefore this balance is classified as due in less than one year as the company does not have the unconditional right to defer settlement for 12 months from the end of the reporting period. There is no expectation that the company will need to settle the loan within 12 months from the reporting date.

7. Called-up share capital

	31.03.2025
	£
Allotted, called-up and fully-paid
90 Ordinary A Shares shares of £ 1.00 each	90
10 Ordinary B Shares shares of £ 1.00 each	10
	100

8. Related party transactions

Transactions with the entity's director

At the balance sheet date, the directors owed £25,194 to the company. Interest is charged at 2.25% and there is no fixed date of repayment.

Other related party transactions

At the balance sheet date, shareholders were owed £1,600,000 by the company. Interest is accruing at 10% and the loans are included in creditors.