Kevin Berkins Quality Meats Limited - Limited company accounts 18.2

REGISTERED NUMBER: 01317690 (England and Wales)

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2018

FOR

KEVIN BERKINS QUALITY MEATS LIMITED

Page

Company Information

1

Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

5

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

K Berkins

Mrs M Berkins

Mrs K A Beaumont

SECRETARY:

K Berkins

REGISTERED OFFICE:

Fence Gate

Wheatley Lane Road

Fence

Burnley

Lancashire

BB12 9EE

REGISTERED NUMBER:

01317690 (England and Wales)

AUDITORS:

Ainsworths Limited

Chartered Accountants

and Statutory Auditors

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

BANKERS:

National Westminster Bank plc

2 Leeds Road

NELSON

Lancashire

BB9 9SY

The directors present their strategic report for the year ended 31st August 2018.

REVIEW OF BUSINESS

The directors consider the state of affairs of the company to be satisfactory. The Balance Sheet at the year end remains consistent

with previous years with a value in excess of £80,000.

ON BEHALF OF THE BOARD:

K Berkins - Director

11th June 2019

The directors present their report with the financial statements of the company for the year ended 31st August 2018.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of a holding company.

DIVIDENDS

No dividends will be distributed for the year ended 31st August 2018.

DIRECTORS

The directors shown below have held office during the whole of the period from 1st September 2017 to the date of this report.

K Berkins

Mrs M Berkins

Other changes in directors holding office are as follows:

Mrs K A Beaumont - appointed 31st July 2018

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in

accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have

elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United

Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements

unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the

company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's

transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that

the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company

and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of

which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director

in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of

that information.

AUDITORS

The auditors, Ainsworths Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

K Berkins - Director

11th June 2019

Opinion

We have audited the financial statements of Kevin Berkins Quality Meats Limited (the 'company') for the year ended

31st August 2018 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in

Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting

framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including

Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United

Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31st August 2018;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our

responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements

section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit

of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities

in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide

a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

-	the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or

-

the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue.

Other information

The directors are responsible for the other information. The other information comprises the information in the Strategic Report and

the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in

our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider

whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or

otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are

required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other

information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information,

we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not

identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our

opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the

preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the

directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due

to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going

concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the

directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material

misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance

is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a

material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in

the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial

statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's

website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act

2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to

them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the

opinions we have formed.

Ian Dugmore (Senior Statutory Auditor)

for and on behalf of Ainsworths Limited

Chartered Accountants

and Statutory Auditors

Charter House

Stansfield Street

Nelson

Lancashire

BB9 9XY

11th June 2019

TURNOVER

-

-

OPERATING PROFIT and

PROFIT BEFORE TAXATION

-

-

Tax on profit

4

-

-

PROFIT FOR THE FINANCIAL YEAR

-

-

PROFIT FOR THE YEAR

-

-

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

-

-

FIXED ASSETS

Investments

5

102

102

CURRENT ASSETS

Debtors

6

79,780

79,780

CREDITORS

Amounts falling due within one year

7

6,869

6,869

NET CURRENT ASSETS

72,911

72,911

TOTAL ASSETS LESS CURRENT LIABILITIES

73,013

73,013

CAPITAL AND RESERVES

Called up share capital

8

11,999

11,999

Retained earnings

9

61,014

61,014

SHAREHOLDERS' FUNDS

73,013

73,013

The financial statements were approved by the Board of Directors on 11th June 2019 and were signed on its behalf by:

K Berkins - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1st September 2016

11,999

61,014

73,013

Changes in equity

Balance at 31st August 2017

11,999

61,014

73,013

Changes in equity

Balance at 31st August 2018

11,999

61,014

73,013

1.	STATUTORY INFORMATION

Kevin Berkins Quality Meats 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.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemption in preparing these financial statements, as

permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows.

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.	EMPLOYEES AND DIRECTORS

There were no staff costs for the year ended 31st August 2018 nor for the year ended 31st August 2017.

31.8.18

31.8.17

£

£

Directors' remuneration

-

-

4.

TAXATION

Tax losses of approximately £43,000 are available to carry forward to utilise against future taxable profits.

5.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1st September 2017

and 31st August 2018

102

NET BOOK VALUE

At 31st August 2018

102

At 31st August 2017

102

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fence Gate Limited

Registered office:

Nature of business: Bar, restaurant and conference centre

%

Class of shares:

holding

Ordinary shares

99.00

31.8.18

31.8.17

£

£

Aggregate capital and reserves

3,720,461

3,608,348

Profit for the year

659,596

406,961

Fence Gate Lodge Limited

Registered office:

Nature of business: Accommodation

%

Class of shares:

holding

Ordinary

100.00

31.8.18

31.8.17

£

£

Aggregate capital and reserves

(1,353,989

)

(125,846

)

Loss for the year

(1,228,143

)

(93,733

)

The Eagle at Barrow Limited

Registered office:

Nature of business: Bar, restaurant and conference centre

%

Class of shares:

holding

Ordinary

100.00

31.8.18

31.8.17

£

£

Aggregate capital and reserves

(191,179

)

(307,634

)

Profit for the year

146,961

7,316

Michelle.B Limited

Registered office:

Nature of business: Ladies clothes shop

%

Class of shares:

holding

Ordinary

100.00

31.8.18

31.8.17

£

£

Aggregate capital and reserves

336,910

286,351

Profit for the year

50,559

96,235

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Amounts owed by group undertakings

79,780

79,780

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Other creditors

5,001

5,001

Accruals

1,868

1,868

6,869

6,869

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.18

31.8.17

value:

£

£

11,990

Ordinary A

£1

11,990

11,990

6

Ordinary B

£1

6

6

3

Ordinary C

£1

3

3

11,999

11,999

9.

RESERVES

Retained

earnings

£

At 1st September 2017

61,014

Profit for the year

-

At 31st August 2018

61,014

10.	CONTINGENT LIABILITIES

Kevin Berkins Quality Meats Limited and its subsidiary undertakings Fence Gate Limited, Fence Gate Lodge Limited, The

Eagle at Barrow Limited and Michelle.B Limited have guaranteed each others liabilities to the bank. The aggregate amount

of net bank borrowings outstanding at 31st August 2018 was £3,108,226 (2017: £3,294,054). The security given by Kevin

Berkins Quality Meats Limited is a debenture secured over all the assets of the company.

11.	ULTIMATE CONTROLLING PARTY