Kadia Properties Limited - Period Ending 2020-04-30

Kadia Properties Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Kadia Properties Limited

Company Information

Directors

Mr K Davies Mr D P Attwell

Registered office

The Exchange Fiveways Temple Street Llandrindod Wells Powys LD1 5HG

Accountants

Mitchell Meredith Limited The Exchange Fiveways Temple Street Llandrindod Wells Powys LD1 5HG

Kadia Properties Limited

(Registration number: 11961578)
Balance Sheet as at 30 April 2020

	Note	2020 £
Fixed assets
Investment property	4	227,674
Current assets
Cash at bank and in hand		4,520
Creditors: Amounts falling due within one year	5	(233,098)
Net current liabilities		(228,578)
Net liabilities		(904)
Capital and reserves
Called up share capital		2
Profit and loss account		(906)
Shareholders' deficit		(904)

For the financial period ending 30 April 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 period 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 5 January 2021 and signed on its behalf by:
 

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

Mr K Davies
Director

Kadia Properties Limited

Notes to the Unaudited Financial Statements for the Period from 24 April 2019 to 30 April 2020

1	General information

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

The address of its registered office is:
The Exchange
Fiveways
Temple Street
Llandrindod Wells
Powys
LD1 5HG
UK

These financial statements were authorised for issue by the Board on 5 January 2021.

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.

Going concern

At the balance sheet date the company had net current liabilities of £228,578. However, creditors includes loans from the directors of £232,498. On the basis of their continued support, the directors consider it appropriate to prepare these accounts on the going concern basis.

Investment property

Investment property is carried at fair value and changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Stocks

Stocks are stated at the lower of cost and estimated selling price.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Kadia Properties Limited

Notes to the Unaudited Financial Statements for the Period from 24 April 2019 to 30 April 2020

3	Staff numbers

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

4	Investment properties

	2020 £
Additions	227,674
At 30 April	227,674

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

5

Creditors

Creditors: amounts falling due within one year

	2020 £
Due within one year
Accruals and deferred income	600
Directors loans	232,498
	233,098