Kin + Ilk No 2 Capital Quarter Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09675770 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

KIN + ILK NO 2 CAPITAL QUARTER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R L Champion

Mr D J Davies

Mr A L Jenkins

REGISTERED OFFICE:

1 Capital Quarter

Tyndall Street

Cardiff

CF10 4BZ

REGISTERED NUMBER:

09675770 (England and Wales)

ACCOUNTANTS:

EST Accountants Ltd

Henstaff Court

Llantrisant Road

Groesfaen

Cardiff

CF72 8NG

FIXED ASSETS

Tangible assets

4

37,711

40,466

CURRENT ASSETS

Stocks

151

623

Debtors

5

42,394

41,669

Cash at bank

605

3,386

43,150

45,678

CREDITORS

Amounts falling due within one year

6

94,417

74,960

NET CURRENT LIABILITIES

(51,267

)

(29,282

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,556

)

11,184

CREDITORS

Amounts falling due after more than one year

7

7,252

23,825

NET LIABILITIES

(20,808

)

(12,641

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(20,809

)

(12,642

)

(20,808

)

(12,641

)

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 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 28 September 2018 and were signed on its behalf by:

Mr D J Davies - Director

1.	STATUTORY INFORMATION

Kin + Ilk No 2 Capital Quarter 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's functional and presentational currency in the financial statements is the Sterling (£), rounded to

the nearest pound.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures & Fittings - 15 years straight line.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Going concern

At 31 December 2017 the company had net liabilities of £20,808. However the company received financial

support from both the director of the company and other group companies, and continues to meet liabilities as

they fall due. Therefore the going concern basis is considered appropriate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2016 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

41,327

DEPRECIATION

At 1 January 2017

861

Charge for year

2,755

At 31 December 2017

3,616

NET BOOK VALUE

At 31 December 2017

37,711

At 31 December 2016

40,466

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2017

and 31 December 2017

41,327

DEPRECIATION

At 1 January 2017

861

Charge for year

2,755

At 31 December 2017

3,616

NET BOOK VALUE

At 31 December 2017

37,711

At 31 December 2016

40,466

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade debtors

114

-

Amounts owed by group undertakings

41,351

40,312

VAT

262

1,190

Prepayments

667

167

42,394

41,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

14,505

15,883

Trade creditors

2,559

2,416

Amounts owed to group undertakings

72,774

56,661

Social security and other taxes

155

-

Pensions

15

-

Wages and Salaries Control

1,909

-

Directors' current accounts

1,500

-

Accrued expenses

1,000

-

94,417

74,960

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.17

31.12.16

£

£

Hire purchase contracts

7,252

23,825

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.17

31.12.16

£

£

Hire purchase contracts

21,757

-