Kerville Associates Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 05184195 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2017

FOR

KERVILLE ASSOCIATES LIMITED

Page

Company Information

1

Report of the Directors

2

Chartered Certified Accountants' Report

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

A T O'Malley

P O'Donnell

B Barrett

REGISTERED OFFICE:

Printing House

66 Lower Road

Harrow

HA2 0DH

REGISTERED NUMBER:

05184195 (England and Wales)

ACCOUNTANTS:

Stiles & Company

Chartered Certified Accountants

2 Lake End Court

Taplow

Maidenhead

Berkshire

SL6 0JQ

The directors present their report with the financial statements of the company for the year ended 31 August 2017.

DIRECTORS

A T O'Malley , P O'Donnell and B Barrett were appointed as directors after 31 August 2017 but prior to the date of this report.

W J Smith , D R Smith and P E Townend ceased to be directors after 31 August 2017 but prior to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

P O'Donnell - Director

25 May 2018

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 Kerville Associates Limited for the year ended 31 August 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kerville Associates 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 Kerville Associates Limited and state those matters that we have agreed to state to the Board of Directors of Kerville Associates Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kerville Associates 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 Kerville Associates Limited. You consider that Kerville Associates 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 Kerville Associates 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.

Stiles & Company

Chartered Certified Accountants

2 Lake End Court

Taplow

Maidenhead

Berkshire

SL6 0JQ

25 May 2018

FIXED ASSETS

Tangible assets

3

10,000,000

10,000,000

CURRENT ASSETS

Debtors

4

56,052

713,513

Cash at bank

64,257

121,280

120,309

834,793

CREDITORS

Amounts falling due within one year

5

278,878

683,024

NET CURRENT (LIABILITIES)/ASSETS

(158,569

)

151,769

TOTAL ASSETS LESS CURRENT LIABILITIES

9,841,431

10,151,769

CREDITORS

Amounts falling due after more than one year

6

-

(544,188

)

PROVISIONS FOR LIABILITIES

(1,410,572

)

(1,506,402

)

NET ASSETS

8,430,859

8,101,179

CAPITAL AND RESERVES

Called up share capital

99

99

Fair Value Reserve

7

6,744,247

6,658,500

Retained earnings

1,686,513

1,442,580

SHAREHOLDERS' FUNDS

8,430,859

8,101,179

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 May 2018 and were signed on its behalf by:

P O'Donnell - Director

1.	STATUTORY INFORMATION

Kerville Associates 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.

The company trading address is Stockley Park, Stockley Farm, Stockley Road, Yiewsley, West Drayton, UB7

9BW

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 as modified by the revaluation of certain assets.

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.

3.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 September 2016

10,000,000

Additions

10,083

Revaluations

(10,083

)

At 31 August 2017

10,000,000

NET BOOK VALUE

At 31 August 2017

10,000,000

At 31 August 2016

10,000,000

Cost or valuation at 31 August 2017 is represented by:

Freehold

property

£

Valuation in 2016

10,000,000

If the freehold property had not been revalued it would have been included at the following historical cost:

31.8.17

31.8.16

as restated

£

£

Cost

1,845,181

1,835,098

The freehold property was valued on an open market basis on 31 August 2016 by Montague Evans .

4.

DEBTORS

31.8.17

31.8.16

as restated

£

£

Amounts falling due within one year:

Trade debtors

50,484

56,245

Amounts owed by group undertakings

-

150,344

Other debtors

5,568

100,000

Prepayments and accrued income

-

2,647

56,052

309,236

Amounts falling due after more than one year:

Amounts owed by group undertakings

-

404,277

Aggregate amounts

56,052

713,513

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

as restated

£

£

Bank loans and overdrafts

-

142,200

Trade creditors

1

-

Bellfield Park Loan

158,568

-

Tax

75,913

68,955

VAT

32,549

35,407

Other creditors

-

343,922

Directors' current accounts

-

87,845

Accruals and deferred income

11,847

4,695

278,878

683,024

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.17

31.8.16

as restated

£

£

Bank loan more than 1 year

-

404,318

Amounts owed to group undertakings

-

139,870

-

544,188

7.

RESERVES

Fair

Value

Reserve

£

At 1 September 2016

6,658,500

Revaluation of Property

(10,083

)

Deferred Tax on Fair Value

95,830

At 31 August 2017

6,744,247