|
K&P MANAGEMENT LIMITED
REGISTERED NUMBER: 08186129
BALANCE SHEET
AS AT 30 SEPTEMBER 2019
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended 30 September 2019 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the Board and were signed on its behalf by:
The notes on pages 2 to 3 form part of these financial statements.
Page 1
|
|
K&P MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019
K&P Management Limited is a private company limited by share capital and incorporated in England and Wales (registered number 08186129) under the Companies Act. The address of the registered office is Reading Bridge House, George Street, Reading, Berkshire, RG1 8LS.
2.Accounting policies
|
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Short term debtors and creditors are measured at the transaction price, less any impairment. Other financial instruments are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Financial liabilities and equity are classified according to the substance of the financial instrument’s contractual obligations, rather than the financial instrument’s legal form.
During the year the Director has reassessed the point at which control of K&P Management Limited was obtained by Gritit Trading UK Limited (formerly Salrex Limited). The Director has concluded that from the date of acquisition, while Gritit Trading UK Limited only held 50% of the voting rights, it nevertheless had the ability to govern the financial and operating policies of K&P Management Limited so as to obtain the benefits from its operations, and as such is considered to have effective control. Consequently, amounts due to and from related undertakings have been reclassified as being due to or from Group undertakings.
|
|
The average monthly number of employees, including Directors, during the year was 1 (2018 - 1).
|
|
|
|
|
|
|
|
Amounts owed by Group undertakings
|
|
|
|
|
|
|
|
Page 2
|
|
K&P MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to Group undertakings
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
100 (2018 - 100) Ordinary shares of £1.00 each
|
|
|
K&P Management Limited is wholly owned by Gritit Trading UK Limited, which is a holding company included in the Group headed by Gritit Holdings Limited. The smallest group for which Group accounts including the Company are prepared is Gritit Trading UK Limited. The largest group for which Group accounts including the Company are prepared is Gritit Holdings Limited. Copies of the accounts can be obtained from the registered office. The ultimate parent company is Gritit Holdings Limited and there is no single ultimate controlling party.
Page 3
|
