Kingfisher Resorts Meudon Limited - Period Ending 2021-12-31
Kingfisher Resorts Meudon Limited - Period Ending 2021-12-31
Company registration number:
for the Period from 21 September 2020 to
Kingfisher Resorts Meudon Limited
(Registration number: 12891298)
Balance Sheet as at 31 December 2021
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2021 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
( |
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Total equity |
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These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. The option not to file the profit and loss account and directors’ report has been taken.
Approved and authorised by the
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Kingfisher Resorts Meudon Limited
Notes to the Financial Statements
for the Period from 21 September 2020 to 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
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.
These financial statements are presented in Sterling (£).
Tangible assets
Tangible assets are stated at cost, less accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Land is stated at cost and is not subject to depreciation.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Kingfisher Resorts Meudon Limited
Notes to the Financial Statements
for the Period from 21 September 2020 to 31 December 2021
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Debtors
Amounts owed from group undertakings are recognised initially at transaction price. A provision for the impairment of amounts owed from group undertakings is established when there is evidence that an impairment is required.
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 initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period was
Kingfisher Resorts Meudon Limited
Notes to the Financial Statements
for the Period from 21 September 2020 to 31 December 2021
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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Additions |
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At 31 December 2021 |
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Carrying amount |
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At 31 December 2021 |
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Included within the net book value of land and buildings above is £70,000 in respect of freehold land and buildings.
Investments |
2021 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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Additions |
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Carrying amount |
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At 31 December 2021 |
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Kingfisher Resorts Meudon Limited
Notes to the Financial Statements
for the Period from 21 September 2020 to 31 December 2021
Debtors |
Note |
31 December 2021 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Total current trade and other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2021 |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Other creditors |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2021 |
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Current loans and borrowings |
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Bank borrowings |
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2021 |
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Non-current loans and borrowings |
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Bank borrowings |
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Other borrowings |
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The bank and other borrowings are secured on all assets of the company.
Kingfisher Resorts Meudon Limited
Notes to the Financial Statements
for the Period from 21 September 2020 to 31 December 2021
Relationship between entity and parents |
The parent of the smallest group in which these financial statements are consolidated is
The address of Kingfisher Una Resorts St Ives Limited is:
5 Manfred Road
London
SW15 2RS
Audit Report |