KENTS GREEN MANAGEMENT LIMITED - Accounts to registrar (filleted) - small 18.2

KENTS GREEN MANAGEMENT LIMITED - Accounts to registrar (filleted) - small 18.2

KENTS GREEN MANAGEMENT LIMITED - Company Information

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REGISTERED NUMBER: 08429666 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

KENTS GREEN MANAGEMENT LIMITED
KENTS GREEN MANAGEMENT LIMITED (REGISTERED NUMBER: 08429666)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021










Page

Statement of Financial Position 1

Notes to the Financial Statements 2


KENTS GREEN MANAGEMENT LIMITED (REGISTERED NUMBER: 08429666)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

30.9.21 30.9.20
Notes £    £   
CURRENT ASSETS
Debtors 4 1,627,988 980,556
Cash at bank 525 2,389
1,628,513 982,945
CREDITORS
Amounts falling due within one year 5 (938,071 ) (253,017 )
NET CURRENT ASSETS 690,442 729,928
TOTAL ASSETS LESS CURRENT
LIABILITIES
690,442
729,928

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 690,441 729,927
690,442 729,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 30 June 2022 and were signed on its behalf by:





L A Smith - Director


The notes form part of these financial statements

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KENTS GREEN MANAGEMENT LIMITED (REGISTERED NUMBER: 08429666)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021


1. STATUTORY INFORMATION

KENTS GREEN MANAGEMENT LIMITED is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08429666

Registered office: C/o DPC Accountants
Stone House
55 Stone Road Business Park
Stoke on Trent
Staffordshire
ST4 6SR

2. ACCOUNTING POLICIES

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

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

Significant judgements and estimates
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.

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.

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.


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KENTS GREEN MANAGEMENT LIMITED (REGISTERED NUMBER: 08429666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


2. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2020 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Other debtors 1,627,988 980,556

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Trade creditors 969 -
Taxation and social security 237,293 111,789
Other creditors 699,809 141,228
938,071 253,017

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KENTS GREEN MANAGEMENT LIMITED (REGISTERED NUMBER: 08429666)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2021 and 30 September 2020:

30.9.21 30.9.20
£    £   
M Smith
Balance outstanding at start of year 599,801 392,745
Amounts advanced 588,042 243,556
Amounts repaid (36,500 ) (36,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,151,343 599,801

L A Smith
Balance outstanding at start of year 87,000 87,000
Amounts repaid (70,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17,000 87,000

7. RELATED PARTY DISCLOSURES

Except for the advances and credits as detailed in note 6 all other transactions undertaken with the directors are deemed to be conducted under normal market conditions and/or are not material.

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