Kilmaurs (Holdings) Limited - Accounts to registrar - small 17.2

Kilmaurs (Holdings) Limited - Accounts to registrar - small 17.2

KILMAURS (HOLDINGS) LIMITED - Company Information

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REGISTERED NUMBER: 00663938 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

KILMAURS (HOLDINGS) LIMITED

KILMAURS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00663938)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KILMAURS (HOLDINGS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: Mr R Briggs - Price
Mr K Newman





REGISTERED OFFICE: Dean Court Lodge
41 Dean Court Road
Rottingdean
Brighton
East Sussex
BN2 7DL





REGISTERED NUMBER: 00663938 (England and Wales)





ACCOUNTANTS: Blow Abbott Limited
36 High Street
Cleethorpes
North East Lincs
DN35 8JN
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KILMAURS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00663938)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,710 10,890
Investment property 5 3,320,000 3,169,000
3,328,710 3,179,890

CURRENT ASSETS
Debtors 6 131,313 20,554
Cash at bank 37,965 429,503
169,278 450,057
CREDITORS
Amounts falling due within one year 7 77,085 243,960
NET CURRENT ASSETS 92,193 206,097
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,420,903
3,385,987

CREDITORS
Amounts falling due after more than one
year
8
(550,458
)
(607,483
)

PROVISIONS FOR LIABILITIES (101,675 ) (71,911 )
NET ASSETS 2,768,770 2,706,593

CAPITAL AND RESERVES
Called up share capital 45,000 45,000
Fair value reserve 10 399,733 278,933
Retained earnings 2,324,037 2,382,660
SHAREHOLDERS' FUNDS 2,768,770 2,706,593

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements

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KILMAURS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00663938)

BALANCE SHEET - continued
31 DECEMBER 2016


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 22 September 2017 and were signed
on its behalf by:





Mr K Newman - Director


The notes form part of these financial statements

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KILMAURS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00663938)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016


1. STATUTORY INFORMATION

Kilmaurs (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
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

During the year 23.2% of the turnover related to overseas income (2015 : 18.3 %).

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 - 20% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
except to the extent that it relates to items recognised in other comprehensive income or directly in
equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that
are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.

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KILMAURS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00663938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 January 2016
and 31 December 2016 17,303
DEPRECIATION
At 1 January 2016 6,413
Charge for year 2,180
At 31 December 2016 8,593
NET BOOK VALUE
At 31 December 2016 8,710
At 31 December 2015 10,890

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2016 3,169,000
Revaluations 151,000
At 31 December 2016 3,320,000
NET BOOK VALUE
At 31 December 2016 3,320,000
At 31 December 2015 3,169,000

On the 31st December 2016 the Investment Properties were valued by Mr K Newman who is a
director of the company. His open market valuation of the Investment Properties was £3,320,000.

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KILMAURS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00663938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Other debtors 63,115 3,115
Directors' loan accounts 65,948 -
Tax - 14,727
Prepayments and accrued income 2,250 2,712
131,313 20,554

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Bank loans and overdrafts 66,000 52,000
Trade creditors 274 176,196
Other creditors 6,862 10,876
Directors' loan accounts - 116
Accrued expenses 3,949 4,772
77,085 243,960

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Bank loans - 1-2 years 66,000 52,000
Bank loans - 2-5 years 196,575 156,000
Bank loans more 5 yr by instal 287,883 399,483
550,458 607,483

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 287,883 399,483

9. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Bank loans 616,458 659,483

Personal guarantees/security has been made by the directors regarding bank loans, 2016 : £328,575
(2015 : £371,600). This amount is included in the total of the bank loans shown above.

-6- continued...
KILMAURS (HOLDINGS) LIMITED (REGISTERED NUMBER: 00663938)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016


10. RESERVES
Fair
value
reserve
£   
At 1 January 2016 278,933
Movement during the year 120,800

At 31 December 2016 399,733

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the 31st December 2016, the directors owed the company £65,948. ( As at the 31st December
2015, the company owed the directors £116).

No interest is payable on this loan.


Included in creditors, amounts falling due within one year is a loan amounting to £66,000, (2015 :
£52,000) and included in creditors amounts falling due after more than one year are loans amounting
to £262,575, (2015 : £318,600). Both of these loans are in the names of Mr K Newman and Mr R
Briggs-Price and the directors have chosen to treat the business loans as liabilities of the company
according to substance rather than legal form. Accordingly loans are shown as company liabilities.
Interest on the loans is charged to the company's profit and loss account.

12. ULTIMATE CONTROLLING PARTY

Mr K Newman holds 34,000 of the issued share capital and is therefore the ultimate controlling party.

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