Kappa Alpha Pi Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08302303 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2020

for

Kappa Alpha Pi Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Ms. K K Pourgalis

REGISTERED OFFICE:

6th Floor 338 Euston Road

London

NW1 3BG

REGISTERED NUMBER:

08302303 (England and Wales)

ACCOUNTANTS:

Chappell Cole & Co

Heritage House

34b North Cray Road

Bexley

Kent

DA5 3LZ

FIXED ASSETS

Tangible assets

4

1,415

2,056

CURRENT ASSETS

Debtors

5

44,979

-

Cash at bank

17,899

46,434

62,878

46,434

CREDITORS

Amounts falling due within one year

6

(33,414

)

(32,442

)

NET CURRENT ASSETS

29,464

13,992

TOTAL ASSETS LESS CURRENT LIABILITIES

30,879

16,048

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

30,878

16,047

30,879

16,048

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 August 2020 and were signed by:

Ms. K K Pourgalis - Director

1.	STATUTORY INFORMATION

Kappa Alpha Pi 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.

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.

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 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2019

and 31 March 2020

5,519

DEPRECIATION

At 1 April 2019

3,463

Charge for year

641

At 31 March 2020

4,104

NET BOOK VALUE

At 31 March 2020

1,415

At 31 March 2019

2,056

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Other debtors

44,979

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.20

31.3.19

£

£

Trade creditors

-

7

Taxation and social security

31,688

31,127

Other creditors

1,726

1,308

33,414

32,442

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2020 and

31 March 2019:

31.3.20

31.3.19

£

£

Ms. K K Pourgalis

Balance outstanding at start of year

(258

)

27,463

Amounts advanced

164,594

84,593

Amounts repaid

(119,357

)

(112,314

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

44,979

(258

)

The overdrawn balance of £44,979 was repaid within 9 months of the year end. Interest at the HMRC

rate has been provided on the overdrawn balance.