Kingdom Investments & Asset Management Ltd
Kingdom Investments & Asset Management Ltd
Registered number: 12067802
Unaudited Financial Statements
For The Year Ended
30 June 2020
Kingdom Investments & Asset Management Ltd
Unaudited Financial Statements
For The Year Ended
30 June 2020
Unaudited Financial Statements
Contents | |
Page | |
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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—4 |
Kingdom Investments & Asset Management Ltd
Balance Sheet
As at
30 June 2020
Balance Sheet
Registered number:
12067802
For the year ending 30 June 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2020 | |||
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Notes | £ | £ | |
FIXED ASSETS | |||
Tangible Assets | 3 |
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CURRENT ASSETS | |||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
( |
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NET CURRENT ASSETS (LIABILITIES) |
( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
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NET LIABILITIES |
( |
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CAPITAL AND RESERVES | |||
Called up share capital | 5 |
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Profit and Loss Account |
( |
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SHAREHOLDERS' FUNDS | (2,139) | ||
Page 1
Kingdom Investments & Asset Management Ltd
Balance Sheet (continued)
As at
30 June 2020
Director's responsibilities
-
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Director
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The notes on pages 3 to 4 form part of these financial statements.
Page 2
Kingdom Investments & Asset Management Ltd
Notes to the Financial Statements
For The Year Ended
30 June 2020
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
1.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the renting of residential investment property.
1.4.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
1.5.
Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.
Average Number of Employees
Average number of employees, including directors, during the year was as follows: 1
3.
Tangible Assets
Investment Properties | |
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£ | |
Cost | |
As at
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Additions | 103,786 |
As at
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Net Book Value | |
As at
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As at
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4.
Creditors: Amounts Falling Due Within One Year
2020 | |
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£ | |
Accruals and deferred income |
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Director's loan account |
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Page 3
Kingdom Investments & Asset Management Ltd
Notes to the Financial Statements (continued)
For The Year Ended
30 June 2020
6.
General Information
Kingdom Investments & Asset Management Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
12067802
. The registered office is The Haven Carrs Drive, High Wycombe, HP12 4BT.
Page 4