REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2018 |
for |
KINGFISHER PROPERTIES ( HERTS) LTD |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 28 February 2018 |
for |
KINGFISHER PROPERTIES ( HERTS) LTD |
KINGFISHER PROPERTIES ( HERTS) LTD (REGISTERED NUMBER: 08397927) |
Contents of the Financial Statements |
for the Year Ended 28 February 2018 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
KINGFISHER PROPERTIES ( HERTS) LTD |
Company Information |
for the Year Ended 28 February 2018 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Bencroft |
Dassels |
Braughing |
Ware |
Hertfordshire |
SG11 2RW |
KINGFISHER PROPERTIES ( HERTS) LTD (REGISTERED NUMBER: 08397927) |
Statement of Financial Position |
28 February 2018 |
28.2.18 | 28.2.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his 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. |
KINGFISHER PROPERTIES ( HERTS) LTD (REGISTERED NUMBER: 08397927) |
Statement of Financial Position - continued |
28 February 2018 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director on |
KINGFISHER PROPERTIES ( HERTS) LTD (REGISTERED NUMBER: 08397927) |
Notes to the Financial Statements |
for the Year Ended 28 February 2018 |
1. | STATUTORY INFORMATION |
Kingfisher Properties ( Herts) Ltd is a |
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 |
Tangible fixed assets |
Plant and machinery | - |
Fixtures and fittings | - |
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 NIL (2017 - 1 ). |
KINGFISHER PROPERTIES ( HERTS) LTD (REGISTERED NUMBER: 08397927) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2018 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2017 |
and 28 February 2018 |
DEPRECIATION |
At 1 March 2017 |
Charge for year |
At 28 February 2018 |
NET BOOK VALUE |
At 28 February 2018 |
At 28 February 2017 |
Included in the cost of Freehold Property is property costing £328,119 which is not depreciated, because the |
tenant has full responsibility for maintaining the property in the same state as it was when the lease |
commenced. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Bank loans and overdrafts |
Amounts owed to participating interests | 81,211 | 74,211 |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.2.18 | 28.2.17 |
£ | £ |
Bank loans |
KINGFISHER PROPERTIES ( HERTS) LTD (REGISTERED NUMBER: 08397927) |
Notes to the Financial Statements - continued |
for the Year Ended 28 February 2018 |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
28.2.18 | 28.2.17 |
£ | £ |
Bank loans |
Guarantee and Debenture dated 14 March 2013 between Kingfisher Properties ( Herts) Ltd. and Barclays Bank |
plc. |
A Legal Charge dated 3 April 2013 was registered with Companies House, created by Kingfisher Properties ( |
Herts) Ltd., for securing all monies now due or hereafter to become due or from time to time accruing to |
Barclays Bank plc, upon any account and in any manner whatsoever. |
The property mortgaged and charged is the freehold property known as 7 Crane Mead Business Centre, Ware, |
Hertfordshire. |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 28.2.18 | 28.2.17 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 28 February 2018 and |
28 February 2017: |
28.2.18 | 28.2.17 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |