ACCOUNTS - Final Accounts

KENHAM DEVELOPMENTS LIMITED - Company Information

Caseware UK (AP4) 2016.0.181 2016.0.181 2017-06-302017-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetruefalse2016-07-01No description of principal activity 06765128 2016-07-01 2017-06-30 06765128 2017-06-30 06765128 2015-07-01 2016-06-30 06765128 2016-06-30 06765128 c:Director1 2016-07-01 2017-06-30 06765128 c:Director3 2016-07-01 2017-06-30 06765128 d:ComputerEquipment 2016-07-01 2017-06-30 06765128 d:ComputerEquipment 2017-06-30 06765128 d:ComputerEquipment 2016-06-30 06765128 d:CurrentFinancialInstruments 2017-06-30 06765128 d:CurrentFinancialInstruments 2016-06-30 06765128 d:CurrentFinancialInstruments d:WithinOneYear 2017-06-30 06765128 d:CurrentFinancialInstruments d:WithinOneYear 2016-06-30 06765128 d:ShareCapital 2017-06-30 06765128 d:ShareCapital 2016-06-30 06765128 d:RetainedEarningsAccumulatedLosses 2017-06-30 06765128 d:RetainedEarningsAccumulatedLosses 2016-06-30 06765128 c:OrdinaryShareClass1 2016-07-01 2017-06-30 06765128 c:OrdinaryShareClass1 2017-06-30 06765128 c:FRS102 2016-07-01 2017-06-30 06765128 c:AuditExempt-NoAccountantsReport 2016-07-01 2017-06-30 06765128 c:FullAccounts 2016-07-01 2017-06-30 06765128 c:PrivateLimitedCompanyLtd 2016-07-01 2017-06-30 06765128 d:EntityControlledByKeyManagementPersonnel1 2016-07-01 2017-06-30 06765128 d:EntityControlledByKeyManagementPersonnel1 2015-07-01 2016-06-30 06765128 d:EntityControlledByKeyManagementPersonnel2 2016-07-01 2017-06-30 06765128 d:EntityControlledByKeyManagementPersonnel2 2015-07-01 2016-06-30 xbrli:shares iso4217:GBP xbrli:pure

Company registration number: 06765128

	UNAUDITED FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 30 JUNE 2017

	KENHAM DEVELOPMENTS LIMITED


KENHAM DEVELOPMENTS LIMITED

CONTENTS

	Page
Statement of Financial Position	1
Notes to the Financial Statements	2 - 5


KENHAM DEVELOPMENTS LIMITED REGISTERED NUMBER:06765128

STATEMENT OF FINANCIAL POSITION

AS AT 30 JUNE 2017

		2017		2016
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	24,467		2,076
Cash at bank and in hand		-		35,971
		24,467		38,047
Creditors: amounts falling due within one year	6	(23,484)		(6,680)
Net current assets			983		31,367
Total assets less current liabilities			983		31,367

Net assets			983		31,367

Capital and reserves
Called up share capital	7	100	100
Profit and loss account		883	31,267
		983	31,367

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

M S Elkington	T Hartwell
Director	Director

Date: 29 March 2018

The notes on pages 2 to 5 form part of these financial statements.

Page 1


KENHAM DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

1.	General information

The company is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Ashcombe House, 5 The Crescent, Leatherhead, Surrey, KT22 8DY.
The principal place of business is The Pheasantry, Vicarage Hill, Westerham, Kent, TN16 1FY.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2


KENHAM DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

2.Accounting policies (continued)

2.3

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment

33% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

3.	Employees
	Staff costs were as follows:

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).

4.	Tangible fixed assets

		Computer equipment
		£
	Cost or valuation
	At 1 July 2016	930
	At 30 June 2017	930
	Depreciation
	At 1 July 2016	930
	At 30 June 2017	930
	Net book value
	At 30 June 2017	-
	At 30 June 2016	-

Page 3


KENHAM DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

Debtors

					2017	2016
					£	£


Amounts owed by group undertakings	14,444	-
Other debtors	7,702	-
Prepayments and accrued income	2,321	2,076
	24,467	2,076

6.	Creditors: Amounts falling due within one year
		2017	2016
		£	£

Bank overdrafts	6,402	-
Trade creditors	12,107	-
Other taxation and social security	-	4,080
Accruals and deferred income	4,975	2,600
	23,484	6,680

7.	Share capital
		2017	2016
		£	£

Allotted, called up and fully paid

100 Oridnary shares of £1 each	100	100

Related party transactions

During the year the company purchased services of £Nil (2016: £80,000) from The CJF Partnership. C J Fenner was a director and shareholder of Kenham Developments Limited and also a partner of The CJF Partnership.
During the year the company purchased services of £87,000 (2016: £92,000) from Elkington & Partners Limited. M S Elkington is a director and shareholder of Kenham Developments Limited and also a director of Elkington & Partners Limited.

Page 4


KENHAM DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2017

9.	First time adoption of FRS 102 The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

Page 5