GKL Developments (UK) Ltd - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 05599784 (England and Wales)

GKL Developments (UK) Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2016

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

James Andrew Brackenbury

Eamonn Michael Killoughery

SECRETARY:

Susan Killoughery

REGISTERED OFFICE:

GKL House Club Way

Hampton

Peterborough

Cambridgeshire

PE7 8JA

REGISTERED NUMBER:

05599784 (England and Wales)

ACCOUNTANTS:

Haines Watts Peterborough Limited

32 Thorpe Wood

Thorpe Wood Business Park

Peterborough

Cambridgeshire

PE3 6SR

CURRENT ASSETS

Cash at bank

427

302

CREDITORS

Amounts falling due within one year

4

219,506

850

NET CURRENT LIABILITIES

(219,079

)

(548

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(219,079

)

(548

)

CREDITORS

Amounts falling due after more than one year

5

-

379,062

NET LIABILITIES

(219,079

)

(379,610

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(219,080

)

(379,611

)

SHAREHOLDERS' FUNDS

(219,079

)

(379,610

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 February 2017 and were signed on its behalf by:

James Andrew Brackenbury - Director

1.	STATUTORY INFORMATION

GKL Developments (UK) Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements for the year ended 31 August 2016 are the first financial statements that comply with

FRS 102 Section 1A. The date of the transition is 1 September 2015.

The principle accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year.

Turnover

Revenue is recognised at legal completion in respect of the total proceeds of building and development, and an

appropriate proportion of revenue from construction contracts is recognised by reference to the stage completion

of the contract activity. Revenue is measured at the fair value of consideration received or receivable and

represents the amounts receivable for the property, net of discounts and VAT. The sales proceeds of part

exchange properties are not included with revenue.

Deferred tax

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

sheet date.

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Amounts owed to group undertakings

30,000

-

Amounts owed to associates

-

500

Taxation and social security

7,146

-

Other creditors

182,360

350

219,506

850

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Amounts owed to group undertakings

-

379,062

6.	RELATED PARTY DISCLOSURES

7.

CONTROL

The controlling party is GKL Holdings Limited.

The ultimate controlling party is Eamonn Michael Killoughery.