KGP Ireland Limited - Accounts to registrar (filleted) - small 18.2

KGP Ireland Limited - Accounts to registrar (filleted) - small 18.2

KGP IRELAND LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v19.3.0.619 08382419 director 1.2.18 31.1.19 31.1.19 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure083824192018-01-31083824192019-01-31083824192018-02-012019-01-31083824192017-01-31083824192017-02-012018-01-31083824192018-01-3108382419ns15:EnglandWales2018-02-012019-01-3108382419ns14:PoundSterling2018-02-012019-01-3108382419ns10:Director12018-02-012019-01-3108382419ns10:PrivateLimitedCompanyLtd2018-02-012019-01-3108382419ns10:SmallEntities2018-02-012019-01-3108382419ns10:AuditExempt-NoAccountantsReport2018-02-012019-01-3108382419ns10:SmallCompaniesRegimeForDirectorsReport2018-02-012019-01-3108382419ns10:SmallCompaniesRegimeForAccounts2018-02-012019-01-3108382419ns10:FullAccounts2018-02-012019-01-3108382419ns10:RegisteredOffice2018-02-012019-01-3108382419ns5:CurrentFinancialInstruments2019-01-3108382419ns5:CurrentFinancialInstruments2018-01-3108382419ns5:ShareCapital2019-01-3108382419ns5:ShareCapital2018-01-3108382419ns5:RetainedEarningsAccumulatedLosses2019-01-3108382419ns5:RetainedEarningsAccumulatedLosses2018-01-3108382419ns5:CurrentFinancialInstrumentsns5:WithinOneYear2019-01-3108382419ns5:CurrentFinancialInstrumentsns5:WithinOneYear2018-01-31


REGISTERED NUMBER: 08382419 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2019

FOR

KGP IRELAND LIMITED









KGP IRELAND LIMITED (REGISTERED NUMBER: 08382419)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KGP IRELAND LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2019







DIRECTOR: N Wright





REGISTERED OFFICE: 70 Marine Parade,
Worthing
BN11 3QB





REGISTERED NUMBER: 08382419 (England and Wales)
Page 1
KGP IRELAND LIMITED (REGISTERED NUMBER: 08382419)

BALANCE SHEET
31 JANUARY 2019

2019 2018
Notes £ £ £ £
FIXED ASSETS
Investment property 3 123,281 200,380

CURRENT ASSETS
Debtors 4 56,811 18,719
Cash at bank and in hand 365 457
57,176 19,176
CREDITORS
Amounts falling due within one year 5 170,895 216,279
NET CURRENT LIABILITIES (113,719 ) (197,103 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,562
3,277

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9,561 3,276
SHAREHOLDERS' FUNDS 9,562 3,277

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 31 October 2019 and were signed by:





N Wright - Director


The notes form part of these financial statements

Page 2
KGP IRELAND LIMITED (REGISTERED NUMBER: 08382419)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2019

1. STATUTORY INFORMATION

KGP Ireland Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number is 08382419 and the registered office address is 87 Granville Place, Elm Park Road, Pinner,
Middlesex, HA5 3NL.

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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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.

Going concern
At the balance sheet date, the company had net current liabilities of £113,719. The director believes that the
company, with continued support from the related parties, has adequate resources to continue to operate. The
director considers it appropriate to continue using the going concern basis in the preparation of the financial
statements. The financial statements do not include any adjustments that would result if support from its
subsidiary company and its creditors was not continued.

Page 3 continued...
KGP IRELAND LIMITED (REGISTERED NUMBER: 08382419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

3. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 February 2018 200,380
Disposals (77,099 )
At 31 January 2019 123,281
NET BOOK VALUE
At 31 January 2019 123,281
At 31 January 2018 200,380

The director considers the cost of the investment property to be the open market value.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£ £
Other debtors 56,811 18,719

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£ £
Taxation and social security 733 777
Other creditors 170,162 215,502
170,895 216,279

Page 4 continued...
KGP IRELAND LIMITED (REGISTERED NUMBER: 08382419)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2019

6. RELATED PARTY DISCLOSURES

Wells Haulage Limited (formerly Pinner Haulage & Plant Hire Limited)
A company in which S Connaughton is a director.

Loans of £4,100 were repaid by the company during the year.

2019 2018
£    £   
Amount due from the related party at the balance sheet date - 4,100
London Borough Contractors Limited
A company in which S Connaughton is a director.

During the year London Borough Contractors Limited was repaid £10,500.

2019 2018
£    £   
Amount due to the related party at the balance sheet date 109,178 119,678
The Dolphin Crossmolina Limited
A company in which S Connaughton is a director.

During the year The Dolphin Crossmolina Limited was repaid £2,794.

2019 2018
£    £   
Amount due to the related party at the balance sheet date 46,493 49,287

Page 5