Paul Kaipah Estates (UK) Ltd - Accounts to registrar - small 17.2

REGISTERED NUMBER: 06782666 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2017

for

PAUL KAIPAH ESTATES (UK) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Paul Kaipah

REGISTERED OFFICE:

Equity House

4-6 School Road

Tilehurst

READING

Berkshire

RG31 5AL

REGISTERED NUMBER:

06782666 (England and Wales)

ACCOUNTANTS:

Avalon Accounting Limited

Equity House

4-6 School Road

Tilehurst

Reading

Berkshire

RG31 5AL

FIXED ASSETS

Tangible assets

4

1,339

1,785

CURRENT ASSETS

Debtors

5

21,751

18,009

Cash at bank and in hand

69

1,412

21,820

19,421

CREDITORS

Amounts falling due within one year

6

(22,880

)

(20,845

)

NET CURRENT LIABILITIES

(1,060

)

(1,424

)

TOTAL ASSETS LESS CURRENT LIABILITIES

279

361

PROVISIONS FOR LIABILITIES

(267

)

(356

)

NET ASSETS

12

5

CAPITAL AND RESERVES

Called up share capital

7

2

2

Retained earnings

8

10

3

SHAREHOLDERS' FUNDS

12

5

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2017 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 4 October 2017 and were signed by:

Paul Kaipah - Director

1.	STATUTORY INFORMATION

Paul Kaipah Estates (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.	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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 February 2016

and 31 January 2017

564

42

4,788

5,394

DEPRECIATION

At 1 February 2016

488

10

3,111

3,609

Charge for year

19

8

419

446

At 31 January 2017

507

18

3,530

4,055

NET BOOK VALUE

At 31 January 2017

57

24

1,258

1,339

At 31 January 2016

76

32

1,677

1,785

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Trade debtors

-

1,339

Other debtors

16,670

16,670

Directors' current accounts

5,081

-

21,751

18,009

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.17

31.1.16

£

£

Bank loans and overdrafts

6

-

Tax

9,141

9,255

Social security and other taxes

425

(60

)

VAT

9,695

9,908

Other creditors

1,913

17

Accrued expenses

1,700

1,725

22,880

20,845

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.17

31.1.16

value:

£

£

2

Ordinary

£1

2

2

8.

RESERVES

Retained

earnings

£

At 1 February 2016

3

Profit for the year

4,707

Dividends

(4,700

)

At 31 January 2017

10

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2017 and

31 January 2016:

31.1.17

31.1.16

£

£

Paul Kaipah

Balance outstanding at start of year

-

3,090

Amounts advanced

19,945

-

Amounts repaid

(25,026

)

(3,090

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,081

)

-

10.	RELATED PARTY DISCLOSURES

During the year, the following dividends were paid to the directors of the company:-

Mr. Paul Kaipah : £4,700 in respect of ordinary shares (2016 - £43,113)

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of Paul Kaipah who owns 100% of the Issued share capital of the company.

Mr Paul Kaipah is also a director of the company.