Kaseum Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC556974 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

KASEUM HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Church

A J Elrick

P A Joiner

I M Macleod

REGISTERED OFFICE:

5 Carden Place

Aberdeen

AB10 1UT

REGISTERED NUMBER:

SC556974 (Scotland)

FIXED ASSETS

Intangible assets

3

25,418

-

Tangible assets

4

102,680

101,873

Investments

5

1

-

128,099

101,873

CURRENT ASSETS

Debtors

6

384,047

217,629

Cash at bank

60,521

145,529

444,568

363,158

CREDITORS

Amounts falling due within one year

7

70,590

61,650

NET CURRENT ASSETS

373,978

301,508

TOTAL ASSETS LESS CURRENT LIABILITIES

502,077

403,381

CAPITAL AND RESERVES

Called up share capital

85,000

85,000

Share premium

315,650

315,650

Retained earnings

101,427

2,731

502,077

403,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 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 6 March 2019 and were signed on its behalf by:

P A Church - Director

1.	STATUTORY INFORMATION

Kaseum Holdings Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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

-

20% on cost

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.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

27,314

At 31 December 2018

27,314

AMORTISATION

Charge for year

1,896

At 31 December 2018

1,896

NET BOOK VALUE

At 31 December 2018

25,418

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

112,097

Additions

26,247

At 31 December 2018

138,344

DEPRECIATION

At 1 January 2018

10,224

Charge for year

25,440

At 31 December 2018

35,664

NET BOOK VALUE

At 31 December 2018

102,680

At 31 December 2017

101,873

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

1

At 31 December 2018

1

NET BOOK VALUE

At 31 December 2018

1

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Amounts owed by group undertakings

383,403

190,000

Amounts owed by participating interests

-

22,235

Other debtors

644

5,394

384,047

217,629

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

1,075

1,650

Taxation and social security

15

-

Other creditors

69,500

60,000

70,590

61,650