London & Kent Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04853030

London & Kent Construction Limited

Filleted Unaudited Financial Statements

31 December 2024

London & Kent Construction Limited

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	29,896	37,143

Current assets

Debtors	6	246,331	165,888
Cash at bank and in hand		4,858	21,392
		---------	---------
		251,189	187,280

Creditors: amounts falling due within one year	7	1,122,820	614,401
		------------	---------
Net current liabilities		871,631	427,121
		---------	---------
Total assets less current liabilities		( 841,735)	( 389,978)

Creditors: amounts falling due after more than one year	8	19,164	–
		---------	---------
Net liabilities		( 860,899)	( 389,978)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 860,999)	( 390,078)
	---------	---------
Shareholders deficit	( 860,899)	( 389,978)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

R M I Astell	H F Musker
Director	Director

Company registration number: 04853030

London & Kent Construction Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Alpha House, 100 Borough High Street, London, SE1 1LB.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated. The current period commences on 1 January 2024 and ends on 31 December 2024 where the comparative figures are for the period from 10 January 2023 and ends on 31 December 2023. The financial statements are prepared in sterling, which is the functional currency of the entity, and rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis which the Directors consider to be appropriate. The Directors have assessed for any material uncertainties and have concluded that there are none that may cast doubt about the going concern status of the Company. They have prepared forecasts for a period of at least 12 months from the date of approval of these financial statements which indicate that, taking account of severe but plausible downsides, the Company will continue to have sufficient funds to meet its liabilities as they fall due for that period. The Directors have concluded that there are no material uncertainties because the group of which London & Kent Construction Limited is a part has advanced £178,202 as loans and the Directors have advanced £603,992 and have agreed to provide additional funding as and when required. Based on their assessment of any material uncertainties that may cast doubt about the going concern status of the Company, the Directors have a reasonable expectation that the Company can continue to operate for the foreseeable future, and that it is appropriate, therefore, to prepare these financial statements on a going concern basis.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% straight line
Motor vehicles	-	20% reducing balance
Equipment	-	15% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 6 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 January 2024	5,353	104,086	12,807	122,246
Additions	–	–	416	416
	-------	---------	--------	---------
At 31 December 2024	5,353	104,086	13,223	122,662
	-------	---------	--------	---------
Depreciation
At 1 January 2024	3,787	73,256	8,060	85,103
Charge for the year	739	6,166	758	7,663
	-------	---------	--------	---------
At 31 December 2024	4,526	79,422	8,818	92,766
	-------	---------	--------	---------
Carrying amount
At 31 December 2024	827	24,664	4,405	29,896
	-------	---------	--------	---------
At 31 December 2023	1,566	30,830	4,747	37,143
	-------	---------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	35,685	42,028
Amounts owed by group undertakings and undertakings in which the company has a participating interest	154,899	103,739
Other debtors	55,747	20,121
	---------	---------
	246,331	165,888
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	136,823	41,376
Trade creditors	31,354	67,213
Amounts owed to group undertakings and undertakings in which the company has a participating interest	178,202	26,051
Corporation tax	–	313
Social security and other taxes	113,082	74,313
Other creditors	663,359	405,135
	------------	---------
	1,122,820	614,401
	------------	---------

Bank loans and overdrafts are secured by charges over the assets of the company and by personal guarantees provided by the directors.

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	19,164	–
	--------	----

9. Related party transactions

During the period, the directors advanced £240,068 (2023 - £423,000) to the company and were repaid £13,700 (2023 - £40,000). The balances due to the directors at 31 December 2024 was £603,992 (2023 - £383,000). The advances are subject to an interest charge at 6.99% and are repayable on demand. During the period, the company made sales to New Greenwich Development Limited ("NGDL"), a fellow group company amounting to £33,000 (2023 - £159,964). The balance due from NGDL amount to 31 December 2024 was £154,899 (2023 - £103,739). During the period, New Greenwich Group Limited ("NGGL"), the parent company, advanced loans amounting to £152,151 (2023 - £26,051). The balance due to NGGL amount to 31 December 2024 was £178,202 ((2023 - £26,051).

10. Controlling party

The immediate and ultimate parent of the company is New Greenwich Group Limited who acquired all 100 ordinary shares of £1 each on 10 January 2023 and from date has controlled London & Kent Construction Limited . The ultimate controlling parties are R M I Astell and H F Musker by virtue of their equal holding of the shares of New Greenwich Group Limited.