Kingley Homes Properties Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07438455 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2016

for

Kingley Homes Properties Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Al-Aish

REGISTERED OFFICE:

15-16 The Hard

Portsmouth

Hampshire

PO1 3DT

REGISTERED NUMBER:

07438455 (England and Wales)

ACCOUNTANTS:

Ency Associates

Chartered Certified Accountants

Printware Court

Cumberland Business Centre

Northumberland Road

Portsmouth

Hampshire

PO5 1DS

FIXED ASSETS

Investment property

3

1,570,560

1,470,560

CURRENT ASSETS

Debtors

42,628

28,893

Cash at bank

949

2,261

43,577

31,154

CREDITORS

Amounts falling due within one year

29,663

15,540

NET CURRENT ASSETS

13,914

15,614

TOTAL ASSETS LESS CURRENT LIABILITIES

1,584,474

1,486,174

CREDITORS

Amounts falling due after more than one year

1,683,000

1,583,000

NET LIABILITIES

(98,526

)

(96,826

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(99,526

)

(97,826

)

SHAREHOLDERS' FUNDS

(98,526

)

(96,826

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2016 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 May 2018 and were signed by:

A Al-Aish - Director

1.	STATUTORY INFORMATION

Kingley Homes Properties 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.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising

from changes in fair value is recognised in profit or loss.

Deferred tax

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

at the balance sheet date.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2015

1,470,560

Additions

100,000

At 30 November 2016

1,570,560

NET BOOK VALUE

At 30 November 2016

1,570,560

At 30 November 2015

1,470,560

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

30 November 2016 and 30 November 2015:

30.11.16

30.11.15

as

restated

£

£

C J Briar

Balance outstanding at start of year

-

-

Amounts advanced

10,300

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,300

-

5.	RELATED PARTY DISCLOSURES

A Al-Aish

Director

The director financed the purchase of the investment property. This is shown as a long term

creditor.

30.11.16

30.11.15

as

restated

£

£

Amount due to related party at the balance sheet date

1,683,000

1,583,000

Ship Leopard Hotel Limited

During the year, the company purchased assets from Ship Leopard Hotel Limited for £100,000.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Al-Aish.