Gkl Developments (UK) Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05599784 (England and Wales)

Gkl Developments (UK) Ltd

Unaudited Financial Statements

for the Year Ended 31 August 2017

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

James Andrew Brackenbury

Eamonn Michael Killoughery

SECRETARY:

Susan Killoughery

REGISTERED OFFICE:

GKL House Club Way

Hampton

Peterborough

Cambridgeshire

PE7 8JA

REGISTERED NUMBER:

05599784 (England and Wales)

ACCOUNTANTS:

Haines Watts Peterborough Limited

32 Thorpe Wood

Thorpe Wood Business Park

Peterborough

Cambridgeshire

PE3 6SR

CURRENT ASSETS

Debtors

4

37,570

-

Cash at bank

1,338

427

38,908

427

CREDITORS

Amounts falling due within one year

5

206,063

219,506

NET CURRENT LIABILITIES

(167,155

)

(219,079

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(167,155

)

(219,079

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(167,156

)

(219,080

)

SHAREHOLDERS' FUNDS

(167,155

)

(219,079

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 24 May 2018 and were signed on its behalf by:

James Andrew Brackenbury - Director

1.	STATUTORY INFORMATION

Gkl Developments (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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 principle accounting policies adopted in the preparation of the financial statements are set out below and

have remained unchanged from the previous year.

Turnover

Revenue is recognised at legal completion in respect of the total proceeds of building and development, and an

appropriate proportion of revenue from construction contracts is recognised by reference to the stage completion

of the contract activity. Revenue is measured at the fair value of consideration received or receivable and

represents the amounts receivable for the property, net of discounts and VAT. The sales proceeds of part

exchange properties are not included with revenue.

Going concern

The company is dependent on the continued support of the company's parent company and other related

companies under common control and ownership of the directors. Continuing finance is required both to enable

the company to meet its liabilities as they fall due and to continue operating without immediate realisation of all

its assets

The directors believe that continuing finance will be available and that it is therefore appropriate to prepare

accounts on a going concern basis. However, should continuing finance not be available, the going concern

basis would be invalid and adjustment would have to be made to reduce the value of the assets to their

realisable amounts, to provide for any further liabilities which might arise and to reclassify fixed assets and long

term liabilities as current assets and liabilities.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Amounts owed by group undertakings

37,500

-

VAT

70

-

37,570

-

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

420

-

Amounts owed to group undertakings

-

30,000

Tax

12,643

7,146

Other creditors

193,000

-

Accruals

-

182,360

206,063

219,506

6.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

7.

CONTROL

The controlling party is GKL Holdings Limited.

Who is the immediate and ultimate parent company, which owns 100% of the issued share capital and is a

company registered in England and Wales