Kisepel Company Limited Filleted accounts for Companies House (small and micro)

KISEPEL COMPANY LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 00600705

KISEPEL COMPANY LIMITED

Filleted Unaudited Financial Statements

For the year ended

30 September 2019

KISEPEL COMPANY LIMITED

Financial Statements

Year ended 30 September 2019

CONTENTS	PAGES

Statement of Financial Position	1

Notes to the Financial Statements	2 to 3

KISEPEL COMPANY LIMITED

Statement of Financial Position

30 September 2019

	2019		2018
Note	£	£	£	£

Current assets

Debtors	4	276,438		276,438

Creditors: amounts falling due within one year	5	( 82,162)		( 81,138)
		----------		----------
Net current assets			194,276		195,300
			----------		----------
Total assets less current liabilities			194,276		195,300
			----------		----------

Capital and reserves

Called up share capital	6	100	100
Other reserves		193,383	193,383
Profit and loss account		793	1,817
		----------	----------
Shareholders funds		194,276	195,300
		----------	----------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 30 September 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

These financial statements were approved by the board of directors and authorised for issue on 15 June 2020 , and are signed on behalf of the board by:

Mr S Berger	Mr E Kernkraut
Director	Director

Company registration number: 00600705

KISEPEL COMPANY LIMITED

Notes to the Financial Statements

Year ended 30 September 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is New Burlington House, 1075 Finchley Road, London, NW11 0PU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the Directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The Directors do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. The Company has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. Creditors and provisions are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

4. Debtors

	2019	2018
	£	£
Other debtors	276,438	276,438
	----------	----------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Other creditors	82,162	81,138
	---------	---------

6. Called up share capital

Issued, called up and fully paid

	2019		2018
	No.	£	No.	£
Ordinary shares of £ 1 each	51	51	51	51
Preference Shares shares of £ 1 each	49	49	49	49
	----	----	----	----
	100	100	100	100
	----	----	----	----

7. Related party transactions

(i) Included in Other debtors are loans aggregating £276,438 due from companies connected with the directors and shareholders. The loans are interest-free and repayable on demand. (ii) Included in Other creditors are loans aggregating £81,760 due to companies connected with the directors and shareholders. The loans are interest-free and repayable on demand.