Kingsland Group Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04434653 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 MAY 2019 TO 31 MARCH 2020

FOR

KINGSLAND GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F Nock F.C.C.A.

M R Kent F.C.A., C.T.A.

R B Heath

P Morjaria F.C.C.A

A R Davies F.C.C.A

REGISTERED OFFICE:

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

REGISTERED NUMBER:

04434653 (England and Wales)

ACCOUNTANTS:

D.R.E. & CO

7 Lower Brook Street

Oswestry

Shropshire

SY11 2HG

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

550,000

550,000

550,000

550,000

CURRENT ASSETS

Debtors

6

7,049

1,965

Cash at bank

18,400

1,126

25,449

3,091

CREDITORS

Amounts falling due within one year

7

164,801

40,684

NET CURRENT LIABILITIES

(139,352

)

(37,593

)

TOTAL ASSETS LESS CURRENT LIABILITIES

410,648

512,407

CREDITORS

Amounts falling due after more than one year

8

-

129,522

NET ASSETS

410,648

382,885

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

9

151,815

151,815

Retained earnings

258,831

231,068

410,648

382,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2020 and were signed on its behalf by:

F Nock F.C.C.A. - Director

1.	STATUTORY INFORMATION

Kingsland Group 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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the going concern basis on the expectation that the company shall

continue to trade for the foreseeable future.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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.

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 period 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 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 period 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 period was NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2019

and 31 March 2020

3,136

DEPRECIATION

At 1 May 2019

and 31 March 2020

3,136

NET BOOK VALUE

At 31 March 2020

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2019

and 31 March 2020

550,000

NET BOOK VALUE

At 31 March 2020

550,000

At 30 April 2019

550,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2008

151,815

Cost

398,185

550,000

If the investment property had not been revalued it would have been included at the following historical cost:

31.3.20

30.4.19

£

£

Cost

398,185

398,185

The investment property was valued on an open market basis on 30 September 2019 by Nock Deighton .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

30.4.19

£

£

Trade debtors

3,599

-

Other debtors

3,450

1,965

7,049

1,965

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

30.4.19

£

£

Bank loans and overdrafts

-

30,600

Trade creditors

4,948

-

Amounts owed to associates

152,525

-

Taxation and social security

-

7,220

Other creditors

7,328

2,864

164,801

40,684

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.20

30.4.19

£

£

Bank loans

-

129,522

9.

RESERVES

Fair

value

reserve

£

At 1 May 2019

and 31 March 2020

151,815

10.	RELATED PARTY DISCLOSURES