Kingfisher Homes (South East) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03851099 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2019

FOR

KINGFISHER HOMES (SOUTH EAST) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

CURRENT ASSETS

Stocks

530,945

334,781

Debtors

5

59,635

959

Cash at bank

137,753

-

728,333

335,740

CREDITORS

Amounts falling due within one year

6

726,101

329,734

NET CURRENT ASSETS

2,232

6,006

TOTAL ASSETS LESS CURRENT LIABILITIES

2,232

6,006

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

2,132

5,906

SHAREHOLDERS' FUNDS

2,232

6,006

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 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 Account has not been delivered.

The financial statements were approved by the Board of Directors on 18 December 2019 and were signed on its behalf by:

Mr S Bowyer - Director

1.	STATUTORY INFORMATION

Kingfisher Homes (South East) 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:

03851099

Registered office:

Coxland Cottage

Sheepstreet Lane

Etchingham

East Sussex

TN19 7AY

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Stocks of property are held for resale.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss

Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the

contractual arrangements entered into. An equity instrument is any contract that evidences a

residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent

to a similar debt instrument, those financial instruments are classed as financial liabilities.

Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses

relating to financial liabilities are included in the profit and loss account. Finance costs are

calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

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

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed by associates

30,042

-

VAT

21,786

-

Deferred tax asset

Tax losses carried forward

1,844

959

Prepayments and accrued income

5,963

-

59,635

959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other loans

397,986

-

Trade creditors

11,737

-

Intercompanies

182,712

186,653

Other creditors

9,965

-

Directors' current accounts

122,722

141,222

Accruals and deferred income

979

1,859

726,101

329,734

7.	SECURED DEBTS

The following secured debts are included within creditors:

2019

2018

£

£

Other loans

397,986

-

Beaumont Property Investments Ltd has a fixed charge over the property development.

8.	DEFERRED TAX

£

Balance at 1 April 2018

(959

)

Provided during year

(885

)

Balance at 31 March 2019

(1,844

)

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100