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REGISTERED NUMBER: 01260907 (England and Wales)


















Financial Statements

for the Year Ended 31 December 2017

for

Kents Property Limited

Kents Property Limited (Registered number: 01260907)






Contents of the Financial Statements
for the Year Ended 31 December 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Kents Property Limited

Company Information
for the Year Ended 31 December 2017







DIRECTORS: K.J. Kent FCIOB, MRICS.
J.T. Kent FCIOB, MAPM
N.A.P. Kent BSc (Hons),MCIM





REGISTERED OFFICE: 1 Clockhouse
Dogflud Way
Farnham
Surrey
GU9 7UD





REGISTERED NUMBER: 01260907 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

Kents Property Limited (Registered number: 01260907)

Balance Sheet
31 December 2017

31.12.17 31.12.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,919 5,791

CURRENT ASSETS
Stocks 65,105 -
Debtors 5 12,448 13,319
Cash at bank 12,022 94,753
89,575 108,072
CREDITORS
Amounts falling due within one year 6 27,539 26,240
NET CURRENT ASSETS 62,036 81,832
TOTAL ASSETS LESS CURRENT
LIABILITIES

68,955

87,623

CAPITAL AND RESERVES
Called up share capital 7 5,000 5,000
Retained earnings 63,955 82,623
SHAREHOLDERS' FUNDS 68,955 87,623

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 25 September 2018 and were signed on its behalf
by:





K.J. Kent FCIOB, MRICS. - Director


Kents Property Limited (Registered number: 01260907)

Notes to the Financial Statements
for the Year Ended 31 December 2017

1. STATUTORY INFORMATION

Kents Property 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value net invoiced sales of goods and services, excluding value added tax, (having
regard to the fulfilment of contractual obligations).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - at varying rates on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in
bringing stocks to their present location and condition.

Financial instruments
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.

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Kents Property Limited (Registered number: 01260907)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate. The assets of the fund are
held separately from those of the company in an independently administered fund.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2016 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2017 171,358
Additions 3,683
Disposals (155,617 )
At 31 December 2017 19,424
DEPRECIATION
At 1 January 2017 165,567
Charge for year 2,555
Eliminated on disposal (155,617 )
At 31 December 2017 12,505
NET BOOK VALUE
At 31 December 2017 6,919
At 31 December 2016 5,791

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade debtors 3,547 1,781
Other debtors 8,901 11,538
12,448 13,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.17 31.12.16
£    £   
Trade creditors 10,962 10,020
Taxation and social security 2,954 5,385
Other creditors 13,623 10,835
27,539 26,240

Kents Property Limited (Registered number: 01260907)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2017

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.17 31.12.16
value: £    £   
5,000 Ordinary £1 5,000 5,000