Casper KA Holdings Limited - Accounts to registrar - small 17.1.1

REGISTERED NUMBER: 09804259 (England and Wales)

Unaudited Financial Statements

for the Period 1 October 2015 to 31 October 2016

for

Casper KA Holdings Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K Abbott

REGISTERED OFFICE:

Bury House

31 Bury Street

London

EC3A 5AR

REGISTERED NUMBER:

09804259 (England and Wales)

ACCOUNTANTS:

Elliotts Shah

Chartered Accountants

Ground Floor, Bury House

31 Bury Street

London

EC3A 5AR

FIXED ASSETS

Tangible assets

3

19,543

Investment property

4

2,500,000

2,519,543

CURRENT ASSETS

Debtors

5

35,660

CREDITORS

Amounts falling due within one year

6

927,134

NET CURRENT LIABILITIES

(891,474

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,628,069

CREDITORS

Amounts falling due after more than one year

7

1,750,000

NET LIABILITIES

(121,931

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

(122,031

)

SHAREHOLDERS' FUNDS

(121,931

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 30 May 2017 and were signed by:

K Abbott - Director

1.	STATUTORY INFORMATION

Casper KA Holdings Limited 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The 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. The financial statements have been prepared under the historical cost

convention as modified by the revaluation of certain assets.

Going concern

These financial statements have been prepared on the going concern basis and assume the continued support of

the lenders and the director.

Turnover

Turnover represents rents receivable for the period from the investment property, excluding VAT.

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

-

Straight line over 4 years

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Deferred tax

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

sheet date.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

Additions

22,879

At 31 October 2016

22,879

DEPRECIATION

Charge for period

3,336

At 31 October 2016

3,336

NET BOOK VALUE

At 31 October 2016

19,543

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

2,510,352

Revaluations

(10,352

)

At 31 October 2016

2,500,000

NET BOOK VALUE

At 31 October 2016

2,500,000

The investment property has been stated at fair value as determined by the director with reference to an external

valuation carried out by Savills plc on behalf of the lender. The historical cost of the property is £2,510,352.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments and accrued income

35,660

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Directors' current accounts

915,084

Accruals and deferred income

12,050

927,134

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Bank loans - 2-5 years

1,750,000

8.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

1,750,000

The bank loan is secured against the investment property and against properties owned by the director, K Abbott.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10.

RESERVES

Retained

earnings

£

Deficit for the period

(122,031

)

At 31 October 2016

(122,031

)

11.	CONTINGENT LIABILITIES

In order to secure the bank lending, the company has had to give a guarantee for the borrowings of the director,

K Abbott, in respect of properties owned by him which also form part of the security for the company's

borrowings. At the balance sheet date, the total borrowings for which the guarantee relates was £2,349,261.

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director's current account of £915,084 is due entirely to K Abbott and is interest free and unsecured.

13.	ULTIMATE CONTROLLING PARTY

The company is under the control of the director, K Abbott, who is interested in the entire issued share capital of

the company.