11 KBW LIMITED 30/09/2018 iXBRL
11 KBW LIMITED 30/09/2018 iXBRL
Statement of consent to prepare abridged financial statements
Company registration number:
05829287
Company limited by guarantee
Unaudited filleted abridged financial statements
Company limited by guarantee
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Company limited by guarantee
Directors and other information
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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98 Westbury Lane | ||
Buckhurst Hill | ||
Essex | ||
IG9 5PW | ||
Bankers |
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Company limited by guarantee
Report to the board of directors on the preparation of the
unaudited statutory financial statements of 11 KBW LIMITED
Year ended 30th September 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 11 KBW LIMITED for the year ended 30th September 2018 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of 11 KBW LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of 11 KBW LIMITED and state those matters that we have agreed to state to the board of directors of 11 KBW LIMITED as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 11 KBW LIMITED and its board of directors as a body for our work or for this report.
It is your duty to ensure that 11 KBW LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 11 KBW LIMITED. You consider that 11 KBW LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of 11 KBW LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Certified Accountants
98 Westbury Lane
Buckhurst Hill
Essex
IG9 5PW
30th May 2019
Company limited by guarantee
Abridged statement of financial position
30th September 2018
2018 | 2017 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 6 |
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Current assets | |||||||||
Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 7 |
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Provisions for liabilities |
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Net liabilities |
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Capital and reserves | |||||||||
Profit and loss account |
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Members deficit |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 May 2019
, and are signed on behalf of the board by:
Director
Company registration number:
05829287
Company limited by guarantee
Notes to the financial statements
Year ended 30th September 2018
1.
General information
The company is a private company limited by guarantee, registered in England & Wales. The address of the registered office is 11 Kings Bench Walk, Temple, London, EC4Y 7EQ.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property | - |
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Integral Features | - |
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Fittings fixtures and equipment | - |
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Computer equipment | - |
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straight line | |
Impairment
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
4.
Limited by guarantee
The company is limited by guarantee. Each member commits to contribute no more than £1 in the event of the company being wound up.
5.
Employee numbers
The average number of persons employed by the company during the year amounted to
18
(2017:
18
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6.
Tangible assets
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Cost | ||
At 1st October 2017 |
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Additions | 81,439 | |
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At 30th September 2018 |
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Depreciation | ||
At 1st October 2017 |
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Charge for the year |
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At 30th September 2018 |
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Carrying amount | ||
At 30th September 2018 |
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At 30th September 2017 | 119,227 | |
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7.
Creditors: amounts falling due after more than one year
Included within creditors: amounts falling due after more than one year is an amount of £ 104,082
(2017 £ 104,082 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
8.
Controlling party