KEAS Trading Limited - Accounts to registrar (filleted) - small 18.2

KEAS Trading Limited - Accounts to registrar (filleted) - small 18.2

KEAS TRADING LIMITED - Company Information

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REGISTERED NUMBER: 08390484 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2019

FOR

KEAS TRADING LIMITED
KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


KEAS TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2019







DIRECTORS: K Stanton
Mrs E Stanton





REGISTERED OFFICE: 10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU





REGISTERED NUMBER: 08390484 (England and Wales)





ACCOUNTANTS: Wells Associates
10 Lonsdale Gardens
Tunbridge Wells
Kent
TN1 1NU
Page 1
KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,420,500 1,420,500

CURRENT ASSETS
Debtors 5 148,589 256,126
Cash at bank 150,718 153,917
299,307 410,043
CREDITORS
Amounts falling due within one year 6 70,163 336,758
NET CURRENT ASSETS 229,144 73,285
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,649,644
1,493,785

CREDITORS
Amounts falling due after more than one
year
7
931,142
945,000
NET ASSETS 718,502 548,785

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 718,501 548,784
SHAREHOLDERS' FUNDS 718,502 548,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 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 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 Board of Directors on 26 November 2019 and were signed on its behalf
by:





K Stanton - Director


The notes form part of these financial statements

Page 2
KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2019

1. STATUTORY INFORMATION

KEAS Trading 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" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue
Revenue 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.

No depreciation is provided in respect of investment property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2018
and 28 February 2019 1,420,500
NET BOOK VALUE
At 28 February 2019 1,420,500
At 28 February 2018 1,420,500

Market value of investment property as at 28 February 2019 to be provided.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 3,390 36,022
Other debtors 145,199 220,104
148,589 256,126

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 9,092 19,113
Taxation and social security 44,017 138,063
Other creditors 17,054 179,582
70,163 336,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2019 2018
£    £   
Bank loans 931,142 945,000

Page 3 continued...
KEAS TRADING LIMITED (REGISTERED NUMBER: 08390484)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2019

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2019 2018
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 931,142 945,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 931,142 945,000

The bank loan is secured by a fixed charge over the investment property.

9. RELATED PARTY DISCLOSURES

As at 28 February 2019, the company was owed £141,860 (2018: £203,260) from Fox Marketing Services MC
Limited, a company controlled by the directors.

This loan is unsecured, interest free and repayable on demand.

Page 4