Kerala Connections Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03626809 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2017

for

Kerala Connections Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D J Syrett

T Syrett

SECRETARY:

D J Syrett

REGISTERED OFFICE:

Lilac Cottage

Mount Easy

Horsmonden

Tonbridge

Kent

TN12 8BP

REGISTERED NUMBER:

03626809 (England and Wales)

ACCOUNTANTS:

Peter Hodgson & Co

Shadwell House

65 Lower Green Road

Tunbridge Wells

Kent

TN4 8TW

FIXED ASSETS

Property, plant and equipment

4

782

1,043

CURRENT ASSETS

Debtors

5

321,832

127,448

Investments

6

168,120

152,087

Cash at bank

199,952

155,275

689,904

434,810

CREDITORS

Amounts falling due within one year

7

552,630

334,891

NET CURRENT ASSETS

137,274

99,919

TOTAL ASSETS LESS CURRENT LIABILITIES

138,056

100,962

CAPITAL AND RESERVES

Called up share capital

8

15,000

15,000

Fair value reserve

9

68,120

52,087

Retained earnings

9

54,936

33,875

SHAREHOLDERS' FUNDS

138,056

100,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2017 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 7 December 2017 and were signed on its behalf by:

D J Syrett - Director

1.	STATUTORY INFORMATION

Kerala Connections 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.

Significant judgements and estimates

There are no significant judgements or estimates pertaining to these accounts that the directors feel need to be brought to

the attention of users of these accounts.

Turnover

Revenue 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.

Office 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 statement of financial position date.

Deferred tax

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

financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of

financial position 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

Revenue recognition

Amounts received at the balance sheet date in respect of holidays booked by clients for future years are treated as deferred

revenue. Amounts paid by the company at the balance sheet date in respect of accommodation costs for holidays in future

years are treated as deferred expenditure.

Financial instruments

The company's financial protection investment bond is valued at mid market value as at the balance sheet date.

Other financial instruments comprising bank balances are recorded at fair value.

Functional currency

The functional currency used by the company is £ Sterling.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 .

4.	PROPERTY, PLANT AND EQUIPMENT

Office

equipment

£

COST

At 1 October 2016

and 30 September 2017

27,889

DEPRECIATION

At 1 October 2016

26,846

Charge for year

261

At 30 September 2017

27,107

NET BOOK VALUE

At 30 September 2017

782

At 30 September 2016

1,043

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Value added tax

1,413

824

Deferred expenditure

320,419

126,624

321,832

127,448

6.	CURRENT ASSET INVESTMENTS

2017

2016

£

£

Customer protection bond

168,120

152,087

The original cost of the customer protection bond amounted to £100,000 and the increase in market value since inception

amounted to £68,120. The increase in the year amounted to £16,033.

The gain is unrealised and not available for distribution.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

7,565

8,094

Social security and other taxes

678

696

Other creditors

10,281

10,281

Deferred revenue

503,939

279,102

Directors' current accounts

28,667

35,333

Accrued expenses

1,500

1,385

552,630

334,891

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

15,000

Ordinary

£1

15,000

15,000

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 October 2016

33,875

52,087

85,962

Profit for the year

47,094

47,094

Dividends

(10,000

)

(10,000

)

Transfer

(16,033

)

16,033

-

At 30 September 2017

54,936

68,120

123,056

The fair value reserve comprises the difference between the original cost of the financial protection investment bond and

the market value of the bond at the balance sheet date.

The original cost amounted to £100,000 and the increase in market value since inception amounted to £68,120. The

increase in the year amounted to £16,033.

The gain is unrealised and not available for distribution.