The Kent Mercantile Company Limited - Abbreviated accounts 16.3

The Kent Mercantile Company Limited - Abbreviated accounts 16.3

THE KENT MERCANTILE COMPANY LIMITED - Company Information

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REGISTERED NUMBER: 01948962 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

THE KENT MERCANTILE COMPANY LIMITED

THE KENT MERCANTILE COMPANY LIMITED (REGISTERED NUMBER: 01948962)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

THE KENT MERCANTILE COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2016







DIRECTORS: R K Dagger
Mrs V J Dagger
G F W Dagger





SECRETARY: Mrs V J Dagger





REGISTERED OFFICE: Bankside House
102 Vale Road
Tonbridge
Kent
TN9 1SH





REGISTERED NUMBER: 01948962 (England and Wales)





ACCOUNTANTS: Greenaway Chartered Accountants
150 High Street
Sevenoaks
Kent
TN13 1XE
Page 1
THE KENT MERCANTILE COMPANY LIMITED (REGISTERED NUMBER: 01948962)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2016

30/9/16 30/9/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 - 2,547
Investments 3 48,609 48,609
48,609 51,156

CURRENT ASSETS
Debtors 611,880 637,902
Cash at bank and in hand 116,704 169,483
728,584 807,385
CREDITORS
Amounts falling due within one year 8,112 17,058
NET CURRENT ASSETS 720,472 790,327
TOTAL ASSETS LESS CURRENT
LIABILITIES
769,081
841,483

PROVISIONS FOR LIABILITIES - 509
NET ASSETS 769,081 840,974

CAPITAL AND RESERVES
Called up share capital 4 85,048 85,048
Profit and loss account 684,033 755,926
SHAREHOLDERS' FUNDS 769,081 840,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2016 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 notes form part of these abbreviated accounts

Page 2 continued...
THE KENT MERCANTILE COMPANY LIMITED (REGISTERED NUMBER: 01948962)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2016


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 22 December 2016 and were signed on
its behalf by:





R K Dagger - Director


The notes form part of these abbreviated accounts

Page 3
THE KENT MERCANTILE COMPANY LIMITED (REGISTERED NUMBER: 01948962)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016

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 January 2015).

Preparation of consolidated financial statements
The financial statements contain information about The Kent Mercantile Company Limited as an
individual company and do not contain consolidated financial information as the parent of a group. The
company has taken the option under Section 398 of the Companies Act 2006 not to prepare
consolidated financial statements.

Turnover
Turnover relates to commissions earned and rent receivable net of value added tax.

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

Fixtures and fittings - 15% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at
the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015 7,478
Disposals (7,478 )
At 30 September 2016 -
DEPRECIATION
At 1 October 2015 4,931
Eliminated on disposal (4,931 )
At 30 September 2016 -
NET BOOK VALUE
At 30 September 2016 -
At 30 September 2015 2,547

Page 4 continued...
THE KENT MERCANTILE COMPANY LIMITED (REGISTERED NUMBER: 01948962)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2016

3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 October 2015
and 30 September 2016 48,609
NET BOOK VALUE
At 30 September 2016 48,609
At 30 September 2015 48,609

The company's investments at the Balance Sheet date in the share capital of companies include the
following:

Black Cat Music Environments Limited
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00
30/6/16 30/6/15
£    £   
Aggregate capital and reserves (119,845 ) (119,845 )

American Harlequin Corporation
Country of incorporation: USA
Nature of business: Theatre and Entertainment Industry
%
Class of shares: holding
Ordinary 100.00
31/12/15 31/12/14
£    £   
Aggregate capital and reserves 4,504,305 3,781,477
Profit for the year 609,458 734,389

4. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal Value 30/09/16 30/09/15
£    £   
85,048 Ordinary £1 85,048 85,048

Page 5