Kittyco Sub2 Ltd - Accounts to registrar (filleted) - small 18.2
Kittyco Sub2 Ltd - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| FOR |
| KITTYCO SUB2 LTD |
| KITTYCO SUB2 LTD (REGISTERED NUMBER: 09268297) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| KITTYCO SUB2 LTD |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 869 High Road |
| London |
| N12 8QA |
| KITTYCO SUB2 LTD (REGISTERED NUMBER: 09268297) |
| STATEMENT OF FINANCIAL POSITION |
| 31 MARCH 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 |
| KITTYCO SUB2 LTD (REGISTERED NUMBER: 09268297) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 1. | STATUTORY INFORMATION |
| Kittyco Sub2 Ltd is a |
| registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| BASIS OF PREPARING THE FINANCIAL STATEMENTS |
| The financial statements have been prepared on a going concern basis as the director is satisfied that the |
| company will have adequate resources to meet its liabilities to third parties as they fall due. |
| TURNOVER |
| Rental income is recognised and included in turnover when it becomes due under the terms of the lease. |
| INVESTMENT PROPERTY |
| Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. |
| Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold. No |
| depreciation is provided in respect of investment properties. |
| The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the |
| generally accepted accounting principle set out in FRS 102 (Section 1A). The director considers that, because |
| these properties are not held for consumption but for their investment potential, to depreciate them would no give |
| a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If |
| this departure from the Act had not been made, the loss for the financial year would have been increased by the |
| amount of depreciation. |
| 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 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. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2018 |
| and 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| Investment properties were valued on a fair value basis, by the director at the year end. |
| KITTYCO SUB2 LTD (REGISTERED NUMBER: 09268297) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2019 |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors | ( |
) | ( |
) |
| Taxation and social security |
| Other creditors |
| 6. | SECURED DEBTS |
| The loans are secured by a legal charge on the assets of the company. |
| 7. | RELATED PARTY DISCLOSURES |
| The following balances are owed to the director and from/to companies in which the director is a director and/or |
| a shareholder. |
| 2019 2018 |
| £ £ |
| Mr P Stavrou Director of the company |
| Amount due to/from related party at the balance sheet date (251,294) (271,004) |
| Solar House Estates Limited |
| Amount due to/from related party at the balance sheet date 118,638 118,638 |
| Microcom Services Limited |
| Amount due to/from related party at the balance sheet date 20,000 20,000 |
| Miamax Limited |
| Amount due to/from related party at the balance sheet date 91,336 84,992 |
| Nayland Rock Hotels Limited |
| Amount due to/from related party at the balance sheet date 259,847 259,847 |
| Kittyco Estates Limited |
| Amount due to/from related party at the balance sheet date 1,920 1,560 |
| Eurocrest Sub3 Limited |
| Amount due to/from related party at the balance sheet date 873 873 |
| Eurocrest Sub6 Limited |
| Amount due to/from related party at the balance sheet date 81,250 81,250 |
| 8. | ULTIMATE CONTROLLING PARTY |