Karen Picking Consultancy Limited - Accounts to registrar (filleted) - small 18.2

Karen Picking Consultancy Limited - Accounts to registrar (filleted) - small 18.2

KAREN PICKING CONSULTANCY LIMITED - Company Information

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REGISTERED NUMBER: 06865505 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

KAREN PICKING CONSULTANCY LIMITED
KAREN PICKING CONSULTANCY LIMITED (REGISTERED NUMBER: 06865505)

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










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


KAREN PICKING CONSULTANCY LIMITED (REGISTERED NUMBER: 06865505)

ABRIDGED BALANCE SHEET
31 MARCH 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,600 4,156
Investment property 6 447,418 433,711
451,018 437,867

CURRENT ASSETS
Debtors 55,072 66,714
Cash at bank 119,285 71,534
174,357 138,248
CREDITORS
Amounts falling due within one year 198,645 179,098
NET CURRENT LIABILITIES (24,288 ) (40,850 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
426,730
397,017

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 426,729 397,016
426,730 397,017

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 notes form part of these financial statements

Page 1 continued...
KAREN PICKING CONSULTANCY LIMITED (REGISTERED NUMBER: 06865505)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2019


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 19 December 2019 and were signed on its behalf
by:





Mrs. K. R. Picking - Director


The notes form part of these financial statements

Page 2
KAREN PICKING CONSULTANCY LIMITED (REGISTERED NUMBER: 06865505)

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


1. STATUTORY INFORMATION

Karen Picking Consultancy Limited is a private company, limited by shares , registered in England and Wales.
The company's registered number and registered office address are as below:

Registered number: 06865505

Registered office: Rudby Green Farm
Hutton Rudby
North Yorkshire
TS15 0HB

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.
Plant and machinery - 20% on cost
Computer equipment - 33% on cost

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 Statement of Income and
Retained Earnings, 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.

Page 3 continued...
KAREN PICKING CONSULTANCY LIMITED (REGISTERED NUMBER: 06865505)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018
and 31 March 2019 75,000
AMORTISATION
At 1 April 2018
and 31 March 2019 75,000
NET BOOK VALUE

At 31 March 2019 -
At 31 March 2018 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2018 11,292
Additions 1,711
At 31 March 2019 13,003
DEPRECIATION
At 1 April 2018 7,136
Charge for year 2,267
At 31 March 2019 9,403
NET BOOK VALUE
At 31 March 2019 3,600
At 31 March 2018 4,156

Page 4 continued...
KAREN PICKING CONSULTANCY LIMITED (REGISTERED NUMBER: 06865505)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2018 433,711
Additions 13,707
At 31 March 2019 447,418
NET BOOK VALUE
At 31 March 2019 447,418
At 31 March 2018 433,711

In the directors opinion, having only purchased the property in 2016 and having just completed a refurbishment
there is unlikely to be any material difference between its market value and its carrying value.

Page 5