Klostergut Limited - Accounts to registrar (filleted) - small 18.2

Klostergut Limited - Accounts to registrar (filleted) - small 18.2

KLOSTERGUT LIMITED - Company Information

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REGISTERED NUMBER: 01318330 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2018

FOR

KLOSTERGUT LIMITED
KLOSTERGUT LIMITED (REGISTERED NUMBER: 01318330)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


KLOSTERGUT LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2018







DIRECTORS: J Kaiser
C J Kaiser
M J Kaiser





SECRETARY: J Kaiser





REGISTERED OFFICE: Church Fold
Leathley Lane
Leathley
Nr Otley
West Yorkshire
LS21 2JX





REGISTERED NUMBER: 01318330 (England and Wales)





ACCOUNTANTS: Cresswells
Barclays Bank Chambers
Market Street
Hebden Bridge
HX7 6AD
Page 1
KLOSTERGUT LIMITED (REGISTERED NUMBER: 01318330)

BALANCE SHEET
31 January 2018

2018 2017
Notes £    £   
CURRENT ASSETS
Stocks 295,609 267,949
Debtors 4 58,516 1,000
Investments 5 376,648 351,617
Cash at bank 1,723 38,605
732,496 659,171
CREDITORS
Amounts falling due within one year 6 79,041 66,818
NET CURRENT ASSETS 653,455 592,353
TOTAL ASSETS LESS CURRENT
LIABILITIES
653,455
592,353

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 653,355 592,253
SHAREHOLDERS' FUNDS 653,455 592,353

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 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 31 October 2018 and were signed
on its behalf by:





J Kaiser - Director


The notes form part of these financial statements

Page 2
KLOSTERGUT LIMITED (REGISTERED NUMBER: 01318330)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2018

1. STATUTORY INFORMATION

Klostergut 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 58,502 -
Other debtors - 800
VAT 14 200
58,516 1,000

Page 3 continued...
KLOSTERGUT LIMITED (REGISTERED NUMBER: 01318330)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2018

5. CURRENT ASSET INVESTMENTS
2018 2017
£    £   
Other 376,648 351,617

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 26,273 -
Tax 14,483 31,134
Directors' loans 26,859 25,659
Directors' remuneration unpaid 2,000 2,000
Accrued expenses 9,426 8,025
79,041 66,818

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 February 2017 592,253
Profit for the year 61,102
At 31 January 2018 653,355

9. RELATED PARTY DISCLOSURES

Throughout this and the previous year the company operated from premises owned by a director
on a rent free basis.

Page 4