Kilkee Limited - Period Ending 2015-07-31

Registration number: 05176481

Kilkee Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 July 2015
 

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

Kilkee Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 5

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Kilkee Limited
for the Year Ended 31 July 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Kilkee Limited for the year ended 31 July 2015 set out on pages 4 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Kilkee Limited, as a body, in accordance with the terms of our engagement letter dated 30 July 2013. Our work has been undertaken solely to prepare for your approval the accounts of Kilkee Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kilkee Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Kilkee Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Kilkee Limited. You consider that Kilkee Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Kilkee Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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

Landin Wilcock & Co
Chartered Accountants
68 Queen Street
Sheffield
S1 1WR

29 April 2016

Page 1

Kilkee Limited
(Registration number: 05176481)
Abbreviated Balance Sheet at 31 July 2015

		Note			2015 £			2014 £
Fixed assets
Investments		2			2			2
Current assets
Debtors					535,266			1,221,774
Cash at bank and in hand					4,389			3,915
					539,655			1,225,689
Creditors: Amounts falling due within one year		3			(74,625)			(403,010)
Net current assets					465,030			822,679
Total assets less current liabilities					465,032			822,681
Creditors: Amounts falling due after more than one year		3			(919,080)			(903,080)
Net liabilities					(454,048)			(80,399)
Capital and reserves
Called up share capital		4			920			920
Profit and loss account					(454,968)			(81,319)
Shareholders' deficit					(454,048)			(80,399)

For the year ending 31 July 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the Board on 26 April 2016 and signed on its behalf by:

S Leyden
 Director

The notes on pages 3 to 5 form an integral part of these financial statements.
Page 2

Kilkee Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis, as the company has the continuing support of its investors.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Revenue is recognised on the transfer of significant risks and rewards of ownership to the buyer.

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Kilkee Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

2	Fixed assets

		Investments £			Total £
Cost
At 1 August 2014		2			2
At 31 July 2015		2			2
Depreciation
At 31 July 2015		-			-
Net book value
At 31 July 2015		2			2
At 31 July 2014		2			2

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Low Mill Limited	England	Ordinary	100%	Investment company

3

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

		2015 £			2014 £
Amounts falling due within one year		-			332,006

Included in the creditors are the following amounts due after more than five years:

		2015 £			2014 £
After more than five years not by instalments		919,080			903,080

Page 4

Kilkee Limited
Notes to the Abbreviated Accounts for the Year Ended 31 July 2015
......... continued

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		920			920			920			920

Page 5