Company Registration No. 05316459 (England and Wales)
KMN Securities Estates Limited
Annual report and unaudited financial statements
For the year ended 28 February 2021
Pages for filing with registrar
KMN SECURITIES ESTATES LIMITED
KMN Securities Estates Limited
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
KMN SECURITIES ESTATES LIMITED
KMN Securities Estates Limited
BALANCE SHEET
AS AT
28 FEBRUARY 2021
28 February 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
3
1,000
1,000
Current assets
Debtors
4
660,761
673,760
Cash at bank and in hand
650
331
661,411
674,091
Creditors: amounts falling due within one year
5
(841,645)
(839,145)
Net current liabilities
(180,234)
(165,054)
Net liabilities
(179,234)
(164,054)
Capital and reserves
Called up share capital
6
2
2
Profit and loss reserves
(179,236)
(164,056)
Total equity
(179,234)
(164,054)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
KMN SECURITIES ESTATES LIMITED
KMN Securities Estates Limited
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2021
28 February 2021
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 17 November 2021 and are signed on its behalf by:
M M S McPhail
Director
Company Registration No. 05316459
KMN SECURITIES ESTATES LIMITED
KMN Securities Estates Limited
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2021
- 3 -
1
Accounting policies
Company information
KMN Securities Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related entities to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.true
1.3
Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
2
2
3
Fixed asset investments
2021
2020
£
£
Investments
1,000
1,000
KMN SECURITIES ESTATES LIMITED
KMN Securities Estates Limited
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2021
3
Fixed asset investments
(Continued)
- 4 -
Movements in fixed asset investments
Shares in participating interests
£
Cost or valuation
At 29 February 2020 & 28 February 2021
1,000
Carrying amount
At 28 February 2021
1,000
At 28 February 2020
1,000
4
Debtors
2021
2020
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
660,759
673,458
Other debtors
2
302
660,761
673,760
5
Creditors: amounts falling due within one year
2021
2020
£
£
Amounts due to related undertakings
840,145
837,645
Other creditors
1,500
1,500
841,645
839,145
6
Called up share capital
2021
2020
£
£
Ordinary share capital
2 Ordinary shares of £1 each
2
2
2021-02-282020-02-29false17 November 2021CCH SoftwareCCH Accounts Production 2021.111No description of principal activityM M S McPhailN O McPhailN O McPhail053164592020-02-292021-02-28053164592021-02-28053164592020-02-2805316459core:CurrentFinancialInstrumentscore:WithinOneYear2021-02-2805316459core:CurrentFinancialInstrumentscore:WithinOneYear2020-02-2805316459core:CurrentFinancialInstruments2021-02-2805316459core:CurrentFinancialInstruments2020-02-2805316459core:ShareCapital2021-02-2805316459core:ShareCapital2020-02-2805316459core:RetainedEarningsAccumulatedLosses2021-02-2805316459core:RetainedEarningsAccumulatedLosses2020-02-2805316459bus:Director12020-02-292021-02-28053164592019-03-012020-02-2805316459core:WithinOneYear2021-02-2805316459core:WithinOneYear2020-02-2805316459bus:PrivateLimitedCompanyLtd2020-02-292021-02-2805316459bus:SmallCompaniesRegimeForAccounts2020-02-292021-02-2805316459bus:FRS1022020-02-292021-02-2805316459bus:AuditExemptWithAccountantsReport2020-02-292021-02-2805316459bus:Director22020-02-292021-02-2805316459bus:CompanySecretary12020-02-292021-02-2805316459bus:FullAccounts2020-02-292021-02-28xbrli:purexbrli:sharesiso4217:GBP
