KDP Rentals Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09875018 (England and Wales)

KDP Rentals Ltd

Unaudited Financial Statements

for the Year Ended 30 November 2017

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

Report of the Accountants

7

DIRECTORS:

K Percival

Mrs D M Percival

REGISTERED OFFICE:

2 Sovereigns Court

Kettering

NN16 9SS

REGISTERED NUMBER:

09875018 (England and Wales)

ACCOUNTANTS:

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

FIXED ASSETS

Tangible assets

4

9,923

2,790

Investment property

5

432,318

128,928

442,241

131,718

CURRENT ASSETS

Cash at bank

19,883

47,380

CREDITORS

Amounts falling due within one year

6

40,000

93,621

NET CURRENT LIABILITIES

(20,117

)

(46,241

)

TOTAL ASSETS LESS CURRENT LIABILITIES

422,124

85,477

CREDITORS

Amounts falling due after more than one year

7

507,909

102,000

NET LIABILITIES

(85,785

)

(16,523

)

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

(85,787

)

(16,525

)

SHAREHOLDERS' FUNDS

(85,785

)

(16,523

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 15 August 2018 and were signed on its behalf by:

K Percival - Director

1.	STATUTORY INFORMATION

KDP Rentals 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.

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.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A

These financial statements for the year ended 30 November 2017 are the first that are prepared in accordance

with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the

date of transition to FRS 102 Section 1A is 17 November 2015.

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.

Plant and machinery etc

-

20% on cost

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 tax. Tax is 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 December 2016

3,488

Additions

9,788

At 30 November 2017

13,276

DEPRECIATION

At 1 December 2016

698

Charge for year

2,655

At 30 November 2017

3,353

NET BOOK VALUE

At 30 November 2017

9,923

At 30 November 2016

2,790

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2016

128,928

Additions

303,390

At 30 November 2017

432,318

NET BOOK VALUE

At 30 November 2017

432,318

At 30 November 2016

128,928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/11/17

30/11/16

£

£

Other creditors

40,000

93,621

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/11/17

30/11/16

£

£

Bank loans

360,788

102,000

Other creditors

147,121

-

507,909

102,000

30/11/17

30/11/16

£

£

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

360,788

102,000

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/11/17

30/11/16

value:

£

£

2

Ordinary shares

1

2

2

9.	RELATED PARTY DISCLOSURES

Included in other creditors (current liabilities) is an amount of £40,000 (2016: £93,621) owed to Mr K Percival

and Mrs D M Percival who are both directors and shareholders, the loan is interest free and repayable on

demand.

Included in other creditors (liabilities more than 1 year) is an amount of £147,121 (2016: £NIL) owed to Mr K

Percival and Mrs D M Percival who are both directors and shareholders, the amount in interest free and is not

due to be repaid within the next 12 months.

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 Statement of Comprehensive Income and certain other primary

statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2017 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Astute Services Ltd

44-46 Regent Street

Rugby

Warwickshire

CV21 2PS

Date: .............................................