Canprop Kensington Limited - Accounts to registrar (filleted) - small 18.2
Canprop Kensington Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 July 2018 |
| for |
| Canprop Kensington Limited |
| Canprop Kensington Limited (Registered number: 08247894) |
| Contents of the Financial Statements |
| for the Year Ended 31 July 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Canprop Kensington Limited |
| Company Information |
| for the Year Ended 31 July 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| St Denys House |
| 22 East Hill |
| St Austell |
| Cornwall |
| PL25 4TR |
| Canprop Kensington Limited (Registered number: 08247894) |
| Balance Sheet |
| 31 July 2018 |
| 31/7/18 | 31/7/17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Prepayments and accrued income |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Other reserves |
| Retained earnings |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Canprop Kensington Limited (Registered number: 08247894) |
| Notes to the Financial Statements |
| for the Year Ended 31 July 2018 |
| 1. | STATUTORY INFORMATION |
| Canprop Kensington Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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. |
| Investments |
| Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment |
| losses. |
| Listed investments are measured at fair value with changes in fair value being recognised in profit or loss. |
| Investments in associates |
| Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated |
| impairment losses. |
| Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction |
| price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other |
| comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, |
| the cost model will be adopted. |
| Dividends and other distributions received from the investment are recognised as income without regard to whether the |
| distributions are from accumulated profits of the associate arising before or after the date of acquisition. |
| Investments in joint ventures |
| Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any |
| accumulated impairment losses. |
| Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at |
| the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value |
| recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without |
| undue cost or effort, the cost model will be adopted. |
| Dividends and other distributions received from the investment are recognised as income without regard to whether the |
| distributions are from accumulated profits of the joint venture arising before or after the date of acquisition. |
| 3. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Other Investments other than |
| loans - cost brought forward | 7,057,542 | 7,053,646 |
| Other investments other than |
| loans - additions | 326,247 | 3,896 |
| 7,383,789 | 7,057,542 |
| The company owns a 75% interest in Redcliffe MCC LLP (OC389797) |
| The company owns a 47.50% (2017 - 23.75%) Interest in 30 Althorp Road LLP (OC389957) |
| Capital and Reserves - Redcliffe £4,260,500 |
| 30 Althorp Road LLP £2,372,772 |
| Profit and Loss Account - Redcliffe Loss (£10,334) |
| 30 Althorp Road LLP Profit £31,229 |
| Under the provision of section 248 of the Companies Act 1985 the company is exempt from preparing consolidated accounts and |
| has not done so, therefore the accounts show information about the company as an individual entity. |
| 4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31/7/18 | 31/7/17 |
| £ | £ |
| Other creditors |
| 7. | RELATED PARTY TRANSACTIONS |
| The company is controlled by Mr M R Cannon, who owns 100% of the issued share capital. Included under creditors (note 6) is |
| an amount due to the Shareholder Mr M R Cannon of £6,434,780 (2017 £5,826,460). This sum is made available to the company on |
| interest free terms with no fixed repayment date. No further transactions with related parties were undertaken such as are |
| required to be disclosed under Financial Reporting Standard 8. |