Kentish Village Developments Limited Small abridged accounts

KENTISH VILLAGE DEVELOPMENTS LIMITED - Company Information

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Statement of Consent to Prepare Abridged Financial Statements

All of the members of Kentish Village Developments Limited have consented to the preparation of the abridged profit and loss account and the balance sheet for the year ending 31 August 2017 in accordance with Section 444(2A) of the Companies Act 2006.

COMPANY REGISTRATION NUMBER: 09753897

Kentish Village Developments Limited

Filleted Unaudited Abridged Financial Statements

31 August 2017

Kentish Village Developments Limited

Abridged Financial Statements

Year ended 31 August 2017

Contents	Page

Balance sheet	1

Notes to the abridged financial statements	3

The following pages do not form part of the abridged financial statements

Chartered accountants & business advisers report to the board of directors on the preparation of the unaudited statutory abridged financial statements	6

Kentish Village Developments Limited

Balance Sheet

31 August 2017

	2017		2016
Note	£	£	£

Current assets

Stocks	300,000		300,000

Creditors: amounts falling due within one year	314,071		303,591
	---------		---------
Net current liabilities		14,071	3,591
		--------	-------
Total assets less current liabilities		( 14,071)	( 3,591)
		--------	-------

Kentish Village Developments Limited

Balance Sheet (continued)

31 August 2017

	2017		2016
Note	£	£	£

Capital and reserves

Called up share capital	4	100	100
Profit and loss account		( 14,171)	( 3,691)
		--------	-------
Shareholders deficit		( 14,071)	( 3,591)
		--------	-------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged profit and loss account has not been delivered.

For the year ending 31 August 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

These abridged financial statements were approved by the board of directors and authorised for issue on 29 June 2018 , and are signed on behalf of the board by:

C Lynch

Director

Company registration number: 09753897

Kentish Village Developments Limited

Notes to the Abridged Financial Statements

Year ended 31 August 2017

1. General information

The company is a private company limited by shares, incorporated and registered in England and Wales. The address of the registered office is 3 Lloyd Road, Broadstairs, Kent, CT10 1HY.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value in accordance with FRS 102. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense recognised in profit or loss represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Called up share capital

Issued, called up and fully paid

	2017		2016
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

Kentish Village Developments Limited

Management Information

Year ended 31 August 2017

The following pages do not form part of the abridged financial statements.

Kentish Village Developments Limited

Chartered Accountants & Business Advisers Report to the Board of Directors on the Preparation of the Unaudited Statutory Abridged Financial Statements of Kentish Village Developments Limited

Year ended 31 August 2017

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Kentish Village Developments Limited for the year ended 31 August 2017, which comprise the 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Kentish Village Developments Limited, as a body, in accordance with the terms of our engagement letter dated 11 September 2015. Our work has been undertaken solely to prepare for your approval the abridged financial statements of Kentish Village Developments Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kentish Village Developments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kentish Village Developments Limited has kept adequate accounting records and to prepare statutory abridged financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kentish Village Developments Limited. You consider that Kentish Village Developments 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 abridged financial statements of Kentish Village Developments 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 abridged financial statements.

LEVICKS Chartered Accountants & Business Advisers

Station Gates 3 Lloyd Road BROADSTAIRS Kent CT10 1HY

29 June 2018