East Kent Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04147033

East Kent Properties Limited

Filleted Unaudited Financial Statements

31 January 2025

East Kent Properties Limited

Financial Statements

Year ended 31 January 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

East Kent Properties Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,982,047	3,479,022

Current assets

Debtors	6	127,425	127,425
Cash at bank and in hand		1,131	9,188
		---------	---------
		128,556	136,613

Creditors: amounts falling due within one year	7	269,611		166,515
		---------		---------
Net current liabilities			141,055	29,902
			------------	------------
Total assets less current liabilities			3,840,992	3,449,120

Creditors: amounts falling due after more than one year	8		1,890,954	1,499,562

Provisions

Taxation including deferred tax	138,257	138,257
	------------	------------
Net assets	1,811,781	1,811,301
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,811,681	1,811,201
	------------	------------
Shareholders funds	1,811,781	1,811,301
	------------	------------

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 January 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 year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

East Kent Properties Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 10 November 2025 , and are signed on behalf of the board by:

Mr M Moreland
Director

Company registration number: 04147033

East Kent Properties Limited

Notes to the Financial Statements

Year ended 31 January 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.

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.

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. Freehold property is held at cost and no depreciation is charged. As the directors believe that the freehold property will appreciate in value, and therefore to charge depreciation would not be appropriate.

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:

	Motor Vehicles	-	20% straight line

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Motor vehicles	Total
	£	£	£
Cost
At 1 February 2024	3,391,121	109,876	3,500,997
Additions	525,000	–	525,000
	------------	---------	------------
At 31 January 2025	3,916,121	109,876	4,025,997
	------------	---------	------------
Depreciation
At 1 February 2024	–	21,975	21,975
Charge for the year	–	21,975	21,975
	------------	---------	------------
At 31 January 2025	–	43,950	43,950
	------------	---------	------------
Carrying amount
At 31 January 2025	3,916,121	65,926	3,982,047
	------------	---------	------------
At 31 January 2024	3,391,121	87,901	3,479,022
	------------	---------	------------

Within freehold property were properties revalued and recognised at their open market value as at 31 January 2015. The valuations were provided by Mr M Moreland , a director of the company. Prior to the revaluation the historic cost of freehold properties were £2,933,190.

6. Debtors

	2025	2024
	£	£
Other debtors	127,425	127,425
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,273	1,273
Corporation tax	24,942	67,379
Other creditors	243,396	97,863
	---------	---------
	269,611	166,515
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	1,854,236	1,447,568
Other creditors	36,718	51,994
	------------	------------
	1,890,954	1,499,562
	------------	------------

Bank loans over one year are secured against the assets of the company.

9. Related party transactions

At the year end the company owed the director £8,933 (2024: £11,100). At the year end the company owed £217,837 (2024: £70,187) to companies associated by common control.