Chris Kerr Property Holdings Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04992393 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2017

FOR

CHRIS KERR PROPERTY HOLDINGS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C Kerr

REGISTERED OFFICE:

75 Goldhawk Road

Shepherd's Bush

London

W12 8EH

REGISTERED NUMBER:

04992393 (England and Wales)

ACCOUNTANTS:

Wem & Co Chartered Accountants

Savoy House

Savoy Circus

London

W3 7DA

FIXED ASSETS

Tangible assets

3

1,852

2,470

Investment property

4

2,175,001

2,340,001

2,176,853

2,342,471

CURRENT ASSETS

Debtors

5

605,040

604,519

Cash at bank

2,542

521

607,582

605,040

CREDITORS

Amounts falling due within one year

6

105,989

223,395

NET CURRENT ASSETS

501,593

381,645

TOTAL ASSETS LESS CURRENT LIABILITIES

2,678,446

2,724,116

CREDITORS

Amounts falling due after more than one year

7

(1,026,045

)

(1,026,042

)

PROVISIONS FOR LIABILITIES

9

(124,208

)

(169,373

)

NET ASSETS

1,528,193

1,528,701

CAPITAL AND RESERVES

Called up share capital

10

10

Non distributable revaluation reserve

10

931,077

1,050,912

Retained earnings

597,106

477,779

SHAREHOLDERS' FUNDS

1,528,193

1,528,701

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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.

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 16 August 2018 and were signed by:

C Kerr - Director

1.	STATUTORY INFORMATION

Chris Kerr Property Holdings 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.

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.

Fixtures and fittings

-

25% on reducing balance

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.

Taxation

Taxation for the year comprises current and deferred trecognized recognised in the Income Statement, except to the extent

that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively

enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in

which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted

or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only 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 provided upon the surplus on revaluations of Investment properties.

3.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2017

and 31 December 2017

14,145

DEPRECIATION

At 1 January 2017

11,675

Charge for year

618

At 31 December 2017

12,293

NET BOOK VALUE

At 31 December 2017

1,852

At 31 December 2016

2,470

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

2,340,001

Revaluations

(165,000

)

At 31 December 2017

2,175,001

NET BOOK VALUE

At 31 December 2017

2,175,001

At 31 December 2016

2,340,001

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other debtors

605,040

604,519

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Taxation and social security

28,590

24,496

Other creditors

77,399

198,899

105,989

223,395

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Bank loans

1,026,045

1,026,042

31.12.17

31.12.16

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,026,045

1,026,042

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Bank loans

1,026,045

1,026,042

Bank loan is secured by a charge on investment property.

9.	PROVISIONS FOR LIABILITIES

31.12.17

31.12.16

£

£

Deferred tax

124,208

169,373

Deferred

tax

£

Balance at 1 January 2017

169,373

Credit to Income Statement during year

(45,165

)

Balance at 31 December 2017

124,208

10.

RESERVES

Non

distributable

revaluation

reserve

£

At 1 January 2017

1,050,912

Movement in year

(119,835

)

At 31 December 2017

931,077