Kin + Ilk No 2 Capital Quarter Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09675770 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2018

for

KIN + ILK NO 2 CAPITAL QUARTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Champion

Mr D J Davies

Mr A L Jenkins

REGISTERED OFFICE:

1 Capital Quarter

Tyndall Street

Cardiff

CF10 4BZ

REGISTERED NUMBER:

09675770 (England and Wales)

ACCOUNTANTS:

EST Accountants Ltd

Henstaff Court

Llantrisant Road

Groesfaen

Cardiff

CF72 8NG

FIXED ASSETS

Tangible assets

4

35,332

37,711

CURRENT ASSETS

Stocks

1,468

151

Debtors

5

46,570

42,394

Cash at bank

2,562

605

50,600

43,150

CREDITORS

Amounts falling due within one year

6

82,438

94,417

NET CURRENT LIABILITIES

(31,838

)

(51,267

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,494

(13,556

)

CREDITORS

Amounts falling due after more than one year

7

-

7,252

NET ASSETS/(LIABILITIES)

3,494

(20,808

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

3,493

(20,809

)

3,494

(20,808

)

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 16 April 2019 and were signed on its behalf by:

Mr D J Davies - Director

1.	STATUTORY INFORMATION

Kin + Ilk No 2 Capital Quarter 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 company's functional and presentational currency in the financial statements is the Sterling (£), rounded to

the nearest pound.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & Fittings - 15 years straight line.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2018

41,327

Additions

400

At 31 December 2018

41,727

DEPRECIATION

At 1 January 2018

3,616

Charge for year

2,779

At 31 December 2018

6,395

NET BOOK VALUE

At 31 December 2018

35,332

At 31 December 2017

37,711

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2018

and 31 December 2018

41,327

DEPRECIATION

At 1 January 2018

3,616

Charge for year

2,755

At 31 December 2018

6,371

NET BOOK VALUE

At 31 December 2018

34,956

At 31 December 2017

37,711

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

622

114

Amounts owed by group undertakings

45,281

41,351

Other debtors

667

929

46,570

42,394

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

7,252

14,505

Trade creditors

2,527

2,559

Amounts owed to group undertakings

70,433

72,774

Taxation and social security

801

170

Other creditors

1,425

4,409

82,438

94,417

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.18

31.12.17

£

£

Hire purchase contracts

-

7,252

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.18

31.12.17

£

£

Hire purchase contracts

7,252

21,757