Kentish Investments Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 00631166 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2017

FOR

KENTISH INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F L Holmes

J Caine

S M Selwood

SECRETARY:

F L Holmes

REGISTERED OFFICE:

495 Green Lanes

Palmers Green

London

N13 4BS

REGISTERED NUMBER:

00631166 (England and Wales)

ACCOUNTANTS:

Avraam Associates Limited

Chartered Accountants

495 Green Lanes

Palmers Green

London

N13 4BS

FIXED ASSETS

Investments

3

1,083,951

741,319

Investment property

4

2,000,000

2,238,750

3,083,951

2,980,069

CURRENT ASSETS

Debtors

5

201,548

220,841

Cash at bank

499,880

687,915

701,428

908,756

CREDITORS

Amounts falling due within one year

6

40,047

39,525

NET CURRENT ASSETS

661,381

869,231

TOTAL ASSETS LESS CURRENT LIABILITIES

3,745,332

3,849,300

PROVISIONS FOR LIABILITIES

7

338,988

-

NET ASSETS

3,406,344

3,849,300

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

3,406,244

3,849,200

SHAREHOLDERS' FUNDS

3,406,344

3,849,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 13th February 2018 and were signed on its behalf by:

F L Holmes - Director

1.	STATUTORY INFORMATION

Kentish Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes

in fair value is recognised in profit or loss.

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.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st July 2016

741,319

Additions

400,996

Disposals

(65,544

)

Revaluations

7,180

At 30th June 2017

1,083,951

NET BOOK VALUE

At 30th June 2017

1,083,951

At 30th June 2016

741,319

Cost or valuation at 30th June 2017 is represented by:

Other

investments

£

Valuation in 2017

1,083,951

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st July 2016

2,238,750

Disposals

(238,750

)

At 30th June 2017

2,000,000

NET BOOK VALUE

At 30th June 2017

2,000,000

At 30th June 2016

2,238,750

Fair value at 30th June 2017 is represented by:

£

Valuation in 2016

2,000,000

If the investment properties had not been revalued they would have been included at the following historical

cost:

2017

2016

£

£

Cost

78,438

87,072

The investment properties were valued on an open market basis on 26th October 2016 by Dunphy & Co, Bradley Harrris and Bonsors

.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

201,548

220,841

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Taxation and social security

37,647

35,509

Other creditors

2,400

4,016

40,047

39,525

7.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

338,988

-

Deferred

tax

£

Provided during year

338,988

Balance at 30th June 2017

338,988

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

9.	RELATED PARTY DISCLOSURES

Included within other debtors is an amount due of £100 (2016 - £100) from Harveyblue Limited, the parent

company.

Included in the management fees paid during the year is £8,504 (2016 - £9,517) relating to charges for services

rendered in respect of property management under the control of a director of Kentish Investments Limited.

Included in other debtors is an amount of £100,000 (2016 - £100,000) due from Dalling Property Co Limited, a

company in which the directors are also directors and have a material interest.

Included in other debtors is an amount of £100,000 (2016 - £100,000) due from Chupon Limited, a company in

which the directors are also directors and have a material interest.

On 11 September 2012 the directors transfered their shareholdings in the company to Harveyblue Limited in a

share for share exchange.

During the year £100,000 (2016 - NIL) of dividends were paid to Harveyblue Limited.

10.	ULTIMATE CONTROLLING PARTY

Harveyblue Limited is regarded by the directors as being the company's ultimate parent company.

11.	FIRST YEAR ADOPTION

The financial statements are the company's first financial statements that comply with FRS 102. The date of

transition to FRS 102 was 1 July 2015.

The transition to FRS 102 has not resulted in any changes between the amounts presented previously under UK

GAAP and those presented in compliance with FRS 102 apart from the revaluation reserve transfer to retained

earnings.