General Information
Kens Estate Ltd. is a private company, limited by shares, registered in England and Wales, registration number 04169725, registration address Mcmillan Suite, 9-11 Gunnery Terrace, London, SE18 6SW.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on a going concern basis notwithstanding the
fact that the company has a deficiency on total equity at the end of the year. The directors
consider this basis to be appropriate as the company has sufficient facilities available from
its shareholders to fund its working capital requirements for a period of at least twelve months from the date these financial statements were approved.
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery - 25% on cost
Computer equipment - 25% on cost
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 current liabilities.
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| 2. |
Average number of employees
Average number of employees during the year was 7 (2024 : 7).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 April 2024 |
1,985 |
|
3,447 |
|
5,432 |
| Additions |
- |
|
600 |
|
600 |
| Disposals |
- |
|
(195) |
|
(195) |
| At 31 March 2025 |
1,985 |
|
3,852 |
|
5,837 |
| Depreciation |
| At 01 April 2024 |
1,201 |
|
2,800 |
|
4,001 |
| Charge for year |
549 |
|
492 |
|
1,041 |
| On disposals |
- |
|
(179) |
|
(179) |
| At 31 March 2025 |
1,750 |
|
3,113 |
|
4,863 |
| Net book values |
| Closing balance as at 31 March 2025 |
235 |
|
739 |
|
974 |
| Opening balance as at 01 April 2024 |
784 |
|
647 |
|
1,431 |
|
| 4. |
Share Capital
Allotted, called up and fully paid
|
31/03/2025
£ |
|
31/03/2024
£ |
|
100
Ordinary shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
| 5. |
Controlling Parties
The ultimate parent undertaking is Frontive Holding Limited (incorporated in England & wales). Its registered office is 9-11 Gunnery Terrace, London, SE18 6SW.
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