CKC Property Development Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05112463

Unaudited Financial Statements

for the Year Ended 30 April 2017

for

CKC PROPERTY DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

C K C Smith

Mrs S Smith

K C Smith

Miss C Smith

SECRETARY:

C K C Smith

REGISTERED OFFICE:

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

REGISTERED NUMBER:

05112463

ACCOUNTANTS:

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

FIXED ASSETS

Tangible assets

4

627,566

627,566

CURRENT ASSETS

Cash at bank

1,514

-

CREDITORS

Amounts falling due within one year

5

163,962

166,701

NET CURRENT LIABILITIES

(162,448

)

(166,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

465,118

460,865

CREDITORS

Amounts falling due after more than one year

6

476,208

476,208

NET LIABILITIES

(11,090

)

(15,343

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

(11,190

)

(15,443

)

SHAREHOLDERS' FUNDS

(11,090

)

(15,343

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 17 January 2018 and were signed on its behalf by:

C K C Smith - Director

1.	STATUTORY INFORMATION

CKC Property Development Limited is a private company, limited by shares , registered in Not specified/Other.

The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

The financial statements have been prepared on a going concern basis based upon the continuing support of the

companies directors and lenders.

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.

Freehold property

-

in accordance with the property

Improvements to property

-

in accordance with the property

Fixtures and fittings

-

10% on cost

Computer equipment

-

33% on cost

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.

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Freehold

to

and

Computer

property

property

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 May 2016

and 30 April 2017

624,429

3,135

753

1,422

629,739

DEPRECIATION

At 1 May 2016

and 30 April 2017

-

-

752

1,421

2,173

NET BOOK VALUE

At 30 April 2017

624,429

3,135

1

1

627,566

At 30 April 2016

624,429

3,135

1

1

627,566

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

-

2,397

Rents received in advance

730

730

Directors' current accounts

161,899

162,241

Accrued expenses

1,333

1,333

163,962

166,701

The above directors current accounts are interest free and repayable on demand.

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Other creditors

476,208

476,208

7.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

476,208

476,208

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1.00

100

100

9.

RESERVES

Retained

earnings

£

At 1 May 2016

(15,443

)

Profit for the year

4,253

At 30 April 2017

(11,190

)

10.	RELATED PARTY DISCLOSURES

At 30 April 2017 an amount of £161,899 (2016 - £162,241) was due to the directors. This amount is interest free

and repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are Mr & Mrs CKC Smith by virtue of holding 80% of the ordinary issued share

capital of the company.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of CKC Property Development Limited for the year ended 30 April 2017 which comprise the

Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of CKC Property Development Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of CKC Property Development Limited and state those matters that we have agreed to state to the Board of Directors of CKC Property Development Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CKC Property Development Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that CKC Property Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of CKC Property Development Limited. You consider that CKC Property Development Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of CKC Property Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Hayvenhursts

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 OLT

17 January 2018