Accounts Submission

Accounts Submission

KEX HOLDINGS LIMITED - Company Information

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KEX HOLDINGS LIMITED

Company Registration Number:
SC573814 (Scotland)

Unaudited statutory accounts for the year ended 31 August 2019

Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

Page 1

KEX HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2019

Company Information - 3
Profit and Loss Account - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

Page 2

KEX HOLDINGS LIMITED

Company Information

for the Period Ended 31 August 2019




Director: GEORGE FAIRLEY
GORDON ADAMS
Secretary: SANDRA ADAMS
Registered office: Exchange House
50 Drymen Road
Bearsden
Glasgow
GB-SCT
G61 2RH
Company Registration Number: SC573814 (Scotland)

Page 3

KEX HOLDINGS LIMITED

Profit and Loss Account

for the Period Ended 31 August 2019


Notes
2019
£		 13 months to
31 Aug 2018
£
Turnover 0 0
Cost of sales (0) (0)
Gross Profit or (Loss) 0 0
Distribution Costs (202,171) -
Operating Profit or (Loss) (202,171) 0
Profit or (Loss) Before Tax (202,171) 0
Profit or (Loss) for Period (202,171) 0

The notes form part of these financial statements

Page 4

KEX HOLDINGS LIMITED

Balance sheet

As at 31 August 2019


Notes
2019
£		 13 months to
31 Aug 2018
£
Fixed assets
Intangible assets: 4 3,925,611 3,925,611
Total fixed assets: 3,925,611 3,925,611
Current assets
Debtors: 5 0 9,996
Cash at bank and in hand: 6 6
Total current assets: 6 10,002
Creditors: amounts falling due within one year: 6 ( 897,739 ) ( 705,564 )
Net current assets (liabilities): ( 897,733 ) ( 695,562 )
Total assets less current liabilities: 3,027,878 3,230,049
Creditors: amounts falling due after more than one year: 7 ( 4,975,000 ) ( 4,975,000 )
Total net assets (liabilities): ( 1,947,122 ) ( 1,744,951 )

The notes form part of these financial statements

Page 5

KEX HOLDINGS LIMITED

Balance sheet continued

As at 31 August 2019


Notes
2019
£		 13 months to
31 Aug 2018
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: ( 1,947,222 ) ( 1,745,051 )
Shareholders funds: ( 1,947,122 ) ( 1,744,951 )

For the year ending 31 August 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 28 May 2020
And Signed On Behalf Of The Board By:

Name: GEORGE FAIRLEY
Status: Director

The notes form part of these financial statements

Page 6

KEX HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Page 7

KEX HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 2. Employees


    2019
    		 13 months to
    31 Aug 2018
    Average number of employees during the period 0 0

Page 8

KEX HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

  • 3. Off balance sheet disclosure

    No

Page 9

KEX HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

4. Intangible assets

Other Total
Cost £ £
At 01 September 2018 3,925,611 3,925,611
Additions 0 0
Disposals (0) (0)
Revaluations 0 0
Transfers 0 0
At 31 August 2019 3,925,611 3,925,611
Amortisation
Amortisation at 01 September 2018 0 0
Charge for year 0 0
On disposals (0) (0)
Other adjustments 0 0
Amortisation at 31 August 2019 0 0
Net book value
Net book value at 31 August 2019 3,925,611 3,925,611
Net book value at 31 August 2018 3,925,611 3,925,611

Page 10

KEX HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

5. Debtors


2019
£		 13 months to
31 Aug 2018
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 0 9,996
Total 0 9,996

Page 11

KEX HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

6.Creditors: amounts falling due within one year note


2019
£		 13 months to
31 Aug 2018
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0
Other creditors 897,739 705,564
Total 897,739 705,564

Page 12

KEX HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

7.Creditors: amounts falling due after more than one year


2019
£		 13 months to
31 Aug 2018
£
Other creditors 4,975,000 4,975,000
Total 4,975,000 4,975,000

Page 13