Kathtineam (Holdings) Ltd - Period Ending 2020-03-31

Kathtineam (Holdings) Ltd

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 5

Kathtineam (Holdings) Ltd

Company Information

Directors

Mr G N Summers Mrs E A Summers

Company secretary

Mrs E A Summers

Registered office

3 Manor Courtyard Hughenden Avenue High Wycombe Buckinghamshire HP13 5RE

Accountants

Cannon Moorcroft Limited Chartered Accountants 3 Manor Courtyard Hughenden Avenue High Wycombe Buckinghamshire HP13 5RE

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kathtineam (Holdings) Ltd
for the Year Ended 31 March 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kathtineam (Holdings) Ltd for the year ended 31 March 2020 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Kathtineam (Holdings) Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Kathtineam (Holdings) Ltd and state those matters that we have agreed to state to the Board of Directors of Kathtineam (Holdings) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kathtineam (Holdings) Ltd and its Board of Directors as a body for our work or for this report.

We have not been instructed to carry out an audit or a review of the accounts of Kathtineam (Holdings) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Cannon Moorcroft Limited
Chartered Accountants
3 Manor Courtyard
Hughenden Avenue
High Wycombe
Buckinghamshire
HP13 5RE

17 August 2020

Kathtineam (Holdings) Ltd

(Registration number: 00543497)
Balance Sheet as at 31 March 2020

	Note	2020 £	2019 £
Fixed assets
Investment property	4	310,000	310,000
Current assets
Debtors	5	-	255
Cash at bank and in hand		14,010	24,687
		14,010	24,942
Creditors: Amounts falling due within one year	6	(19,320)	(18,258)
Net current (liabilities)/assets		(5,310)	6,684
Total assets less current liabilities		304,690	316,684
Provisions for liabilities		(4,687)	(4,687)
Net assets		300,003	311,997
Capital and reserves
Called up share capital	7	2,502	2,502
Revaluation reserve		238,150	238,150
Profit and loss account		59,351	71,345
Shareholders' funds		300,003	311,997

For the financial year ending 31 March 2020 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 17 August 2020 and signed on its behalf by:
 

.........................................

Mr G N Summers
Director

Kathtineam (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Investment property

Investment properties are carried at fair value. Revaluation surpluses / (deficits) are recognised in the income statement. Deferred tax is provided on these gains / (losses) at a rate expected to apply when the property is sold.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2019 - 2).

4	Investment properties

	2020 £
At 1 April	310,000
At 31 March	310,000

There has been no valuation of investment property by an independent valuer.

Kathtineam (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2020

5

Debtors

	2020 £	2019 £
Other debtors	-	255
	-	255

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Taxation and social security	3,432	3,600
Accruals and deferred income	3,600	3,600
Other creditors	12,288	11,058
	19,320	18,258

7	Share capital

Allotted, called up and fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary £1 of £1 each	2,502	2,502	2,502	2,502

8	Related party transactions

Other transactions with directors

Other creditors includes £12,288 (2019 £4,791) owed to the director, Mr G N Summers. This loan is interest free and has no fixed repayment terms.