Kingstons Investment Partnership Limited - Limited company - abbreviated

REGISTERED NUMBER: 03202190

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Kingstons Investment Partnership Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

J M O'Connell

Mrs S O'Connell

REGISTERED OFFICE:

85 Whiteladies Road

Clifton

Bristol

BS8 2NT

REGISTERED NUMBER:

03202190

ACCOUNTANTS:

McManus Williams Limited

Chartered Certified Accountants &

Taxation Advisers

Suite 2 Bellevue Mansions

18-22 Bellevue Road

Clevedon

BS21 7NU

FIXED ASSETS

Intangible assets

2

29,487

43,120

Tangible assets

3

-

29,487

43,120

CURRENT ASSETS

Debtors

37,011

335,608

Cash at bank

205,409

12,971

242,420

348,579

CREDITORS

Amounts falling due within one year

164,412

101,473

NET CURRENT ASSETS

78,008

247,106

TOTAL ASSETS LESS CURRENT
LIABILITIES

107,495

290,226

CAPITAL AND RESERVES

Called up share capital

4

10,000

Profit and loss account

97,495

280,226

SHAREHOLDERS' FUNDS

107,495

290,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end
of each financial year and of its profit or loss for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to
financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 November 2015 and were signed on its behalf
by:

J M O'Connell - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced fees and commissions, excluding value added tax.

Goodwill

Goodwill, being the amounts paid on the acquisition of renewal commission streams in 2007 and 2008 are

being amortised over a period of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

136,336

AMORTISATION

At 1 June 2014

93,216

Amortisation for year

13,633

At 31 May 2015

106,849

NET BOOK VALUE

At 31 May 2015

29,487

At 31 May 2014

43,120

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

11,566

DEPRECIATION

At 1 June 2014

and 31 May 2015

11,566

NET BOOK VALUE

At 31 May 2015

-

At 31 May 2014

-

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

10,000

Ordinary

£1

10,000

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 May 2015 and the period

ended 31 May 2014:

31.5.15

31.5.14

£

J M O'Connell and Mrs S O'Connell

Balance outstanding at start of year

147,500

51,506

Amounts advanced

88,000

147,500

Amounts repaid

(232,075

)

(51,506

)

Balance outstanding at end of year

3,425

147,500

6.	ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Kingstons Financial Solutions Limited. The company is owned

and controlled by the directors due to their 100% interest in the share capital of the holding company,

Kingstons Financial Solutions Limited.

Kingstons Investment Partnership Limited - Limited company - abbreviated - 11.9

Kingstons Investment Partnership Limited - Limited company - abbreviated - 11.9