RK Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06380715 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2019

for

RK Holdings Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A R Kneebone

REGISTERED OFFICE:

Prydis Accounts Ltd

The Parade

Liskeard

Cornwall

PL14 6AF

REGISTERED NUMBER:

06380715 (England and Wales)

ACCOUNTANTS:

Prydis Accounts Limited

Chartered Accountants

The Parade

Liskeard

Cornwall

PL14 6AF

FIXED ASSETS

Tangible assets

4

67,699

34,776

Investments

5

2

93

Investment property

6

1,537,380

1,164,880

1,605,081

1,199,749

CURRENT ASSETS

Debtors

7

138,070

116,227

Investments

8

420,000

253,069

Cash at bank and in hand

57,669

115,277

615,739

484,573

CREDITORS

Amounts falling due within one year

9

257,758

189,863

NET CURRENT ASSETS

357,981

294,710

TOTAL ASSETS LESS CURRENT LIABILITIES

1,963,062

1,494,459

PROVISIONS FOR LIABILITIES

9,391

6,607

NET ASSETS

1,953,671

1,487,852

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,953,571

1,487,752

SHAREHOLDERS' FUNDS

1,953,671

1,487,852

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 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 Profit and Loss has not been delivered.

The financial statements were approved by the director on 19 December 2019 and were signed by:

Mr A R Kneebone - Director

1.	STATUTORY INFORMATION

RK Holdings 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.

The director has assessed going concern and consider that there are no material uncertainties which may cast

significant doubt about the company's ability to continue. As a result, the financial statements have been

prepared using the going concern basis of accounting.

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 etc

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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 Profit and Loss, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

statement of financial position 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

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

108,069

Additions

61,862

Disposals

(40,185

)

At 31 March 2019

129,746

DEPRECIATION

At 1 April 2018

73,293

Charge for year

17,648

Eliminated on disposal

(28,894

)

At 31 March 2019

62,047

NET BOOK VALUE

At 31 March 2019

67,699

At 31 March 2018

34,776

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2018

93

Disposals

(91

)

At 31 March 2019

2

NET BOOK VALUE

At 31 March 2019

2

At 31 March 2018

93

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

1,164,880

Additions

372,500

At 31 March 2019

1,537,380

NET BOOK VALUE

At 31 March 2019

1,537,380

At 31 March 2018

1,164,880

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

-

1,250

Other debtors

138,070

114,977

138,070

116,227

8.	CURRENT ASSET INVESTMENTS

31.3.19

31.3.18

£

£

Other

420,000

253,069

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

-

37

Taxation and social security

20,073

15,098

Other creditors

237,685

174,728

257,758

189,863

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors falling due within one year is an amount owed to the directors of £236,685 (2018:

£47,308). The loan was not overdrawn at any point during the year, and no interest has been applied to the

balance.