Abbreviated Company Accounts - KENTGREEN LTD

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is made up of all rental income and service charges due in the period under the terms of the
leases or tenancy agreements.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment - 25% Straight Line

Investment Property
Investment property is not depreciated and is included at valuation. Any increase or decrease in
revaluation is credited or charged to investment property revaluation reserve. Where there are
insufficient reserves within the investment property revaluation to cover my any charge for diminution value on revaluation, the excess is charged to profit and loss account.

Valuation information and policy
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Amounts due after more than one year relate to deferred tax asset recognised from past losses.