KE Project Management Interim Limited - Period Ending 2018-03-31

Registration number: 07988705

KE Project Management Interim Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2018

Umbrella Accountants LLP
Bollin House Bollin Link
Wilmslow
Cheshire
SK9 1DP

KE Project Management Interim Limited

Contents

Company Information	1
Accountants' Report	2
Statement of Comprehensive Income	3
Balance Sheet	4
Statement of Changes in Equity	5
Notes to the Financial Statements	6 to 9

KE Project Management Interim Limited

Company Information

Director

Mr Keith Edwards

Registered office

Bollin House Bollin Link Wilmslow Cheshire Cheshire SK9 1DP

Accountants

Umbrella Accountants LLP Bollin House Bollin Link Wilmslow Cheshire SK9 1DP

Page 1

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
KE Project Management Interim Limited
for the Year Ended 31 March 2018

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of KE Project Management Interim Limited for the year ended 31 March 2018 as set out on pages 3 to 9 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
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of KE Project Management Interim Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of KE Project Management Interim Limited and state those matters that we have agreed to state to the Board of Directors of KE Project Management Interim Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than KE Project Management Interim Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that KE Project Management Interim Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of KE Project Management Interim Limited. You consider that KE Project Management Interim 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 accounts of KE Project Management Interim 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 accounts.

......................................

Umbrella Accountants LLP
Bollin House Bollin Link
Wilmslow
Cheshire
SK9 1DP

22 August 2018

Page 2

KE Project Management Interim Limited

Statement of Comprehensive Income for the Year Ended 31 March 2018

	2018 £	2017 £
Profit for the year	38,674	33,054
Total comprehensive income for the year	38,674	33,054

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 3

KE Project Management Interim Limited

(Registration number: 07988705)
Balance Sheet as at 31 March 2018

	Note	2018 £	2017 £
Current assets
Debtors	5	-	5,120
Cash at bank and in hand		74,391	48,480
		74,391	53,600
Creditors: Amounts falling due within one year	6	(13,408)	(12,837)
Net assets		60,983	40,763
Capital and reserves
Called up share capital		1	1
Profit and loss account		60,982	40,762
Total equity		60,983	40,763

For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 August 2018
 

.........................................

Mr Keith Edwards

Director

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 4

KE Project Management Interim Limited

Statement of Changes in Equity for the Year Ended 31 March 2018

	Share capital £	Profit and loss account £	Total £
At 1 April 2017	1	40,762	40,763
Profit for the year	-	38,674	38,674
Total comprehensive income	-	38,674	38,674
Dividends	-	(18,454)	(18,454)
At 31 March 2018	1	60,982	60,983

	Share capital £	Profit and loss account £	Total £
At 1 April 2016	1	25,595	25,596
Profit for the year	-	33,054	33,054
Total comprehensive income	-	33,054	33,054
Dividends	-	(17,887)	(17,887)
At 31 March 2017	1	40,762	40,763

The notes on pages 6 to 9 form an integral part of these financial statements.

Page 5

KE Project Management Interim Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

1	General information

The company is a private company limited by share capital incorporated in United Kingdom.

The address of its registered office is:
Bollin House
Bollin Link
Wilmslow
Cheshire
Cheshire
SK9 1DP
United Kingdom

These financial statements were authorised for issue by the director on 22 August 2018.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	33.33% Straight-Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Page 6

KE Project Management Interim Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2017 - 1).

Page 7

KE Project Management Interim Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 April 2017	1,127	1,127
At 31 March 2018	1,127	1,127
Depreciation
At 1 April 2017	1,127	1,127
At 31 March 2018	1,127	1,127
Carrying amount
At 31 March 2018	-	-

5

Debtors

	2018 £	2017 £
Trade debtors	-	5,120
Total current trade and other debtors	-	5,120

6

Creditors

	2018 £	2017 £
Due within one year
Taxation and social security	4,336	4,513
Corporation Tax	9,072	8,324
	13,408	12,837

7

Dividends

	2018	2017
	£	£
Final dividend of £18,453.08 (2017 - £17,886.28) per ordinary share	18,453	17,886

Page 8

KE Project Management Interim Limited

Notes to the Financial Statements for the Year Ended 31 March 2018

8	Related party transactions

Transactions with directors

2017	At 1 April 2016 £	Advances to directors £	At 31 March 2017 £
Mr Keith Edwards
Non-Interest Bearing Loan to Participators (Repayable on Demand)	(3,324)	3,324	-

Other transactions with directors

Dividends of £18,453.08 were paid to the Director, Mr Keith Edwards during the year. At the balance sheet date the amount due to Mr Keith Edwards was £nil.

Page 9