KINGSMEAD_PUBLISHING_LIMI - Accounts

KINGSMEAD PUBLISHING LIMITED - Company Information

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Company Registration No. 01256841 (England and Wales)

KINGSMEAD PUBLISHING LIMITED

ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

KINGSMEAD PUBLISHING LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

KINGSMEAD PUBLISHING LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

201,443

Current assets

Stocks

244,776

Debtors

864,211

106,495

Investments

9,878,184

9,721,702

Cash at bank and in hand

208,138

350,254

10,950,533

10,423,227

Creditors: amounts falling due within one year

(5,726,788)

(9,144,469)

Net current assets

5,223,745

1,278,758

Total assets less current liabilities

5,223,745

1,480,201

Capital and reserves

Called up share capital

100,000

Other reserves

128,198

Profit and loss account

4,995,547

1,252,003

Shareholders' funds

5,223,745

1,480,201

For the financial period ended 31 December 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

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

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 15 September 2017

N. A. E. Farrow

Director

Company Registration No. 01256841

KINGSMEAD PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE PERIOD ENDED 31 DECEMBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

Various - straight line over the life of the asset

Motor vehicles

Straight line over four years

1.5

Investments

Current asset investments are stated at the lower of cost and net realisable value.

Fixed assets

Tangible assets

Cost

At 1 July 2015

223,380

Disposals

(223,380)

At 31 December 2016

Depreciation

At 1 July 2015

21,937

On disposals

(21,937)

At 31 December 2016

Net book value

At 31 December 2016

At 30 June 2015

201,443

KINGSMEAD PUBLISHING LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE PERIOD ENDED 31 DECEMBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

100,000 Ordinary shares of £1 each

100,000

Ultimate parent company

The ultimate parent company is Connaught Training Group Limited, a company registered in England and Wales. This company is controlled by Mr N.A.E. Farrow who owns 100% issued shares.