Kelsall Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03713234 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2018

for

Kelsall Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr N A King

Mr J P King

Mrs E M Hulse

SECRETARY:

Dr N A King

REGISTERED OFFICE:

Beech Croft

29 Stock Lane

Shavington

Crewe

Cheshire

CW2 5ED

REGISTERED NUMBER:

03713234 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

3

1,081,866

1,306,366

Investments

4

479,590

473,700

1,561,456

1,780,066

CURRENT ASSETS

Debtors

-

100

Cash at bank

58,743

229,849

58,743

229,949

CREDITORS

Amounts falling due within one year

6,996

43,562

NET CURRENT ASSETS

51,747

186,387

TOTAL ASSETS LESS CURRENT LIABILITIES

1,613,203

1,966,453

CREDITORS

Amounts falling due after more than one year

(16,105

)

(315,352

)

PROVISIONS FOR LIABILITIES

(15,111

)

(7,253

)

NET ASSETS

1,581,987

1,643,848

CAPITAL AND RESERVES

Called up share capital

5

405,003

440,003

Capital redemption reserve

70,000

35,000

Retained earnings

1,106,984

1,168,845

1,581,987

1,643,848

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 October 2018 and were signed on its behalf by:

Dr N A King - Director

1.	STATUTORY INFORMATION

Kelsall Properties 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 represents net rents receivable.

Tangible fixed assets

The company's tangible fixed assets, consisting of domestic properties, have been valued by the directors using market

comparisons found on recognised property websites.

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.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 April 2017

1,306,366

Disposals

(224,500

)

At 31 March 2018

1,081,866

NET BOOK VALUE

At 31 March 2018

1,081,866

At 31 March 2017

1,306,366

Cost or valuation at 31 March 2018 is represented by:

Totals

£

Valuation in 2018

148,526

Cost

933,340

1,081,866

4.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST OR VALUATION

At 1 April 2017

473,700

Additions

3,572

Revaluations

2,318

At 31 March 2018

479,590

NET BOOK VALUE

At 31 March 2018

479,590

At 31 March 2017

473,700

Cost or valuation at 31 March 2018 is represented by:

Totals

£

Valuation in 2018

35,616

Cost

443,974

479,590

5.	CALLED UP SHARE CAPITAL

31/3/18 31/3/17

£ £

Allotted, issued and fully paid

Ordinary shares of £1 each

At 1 April 2017 440,003 475,003

Purchased during the year (35,000) (35,000)

At 31 March 2018 405,003 440,003

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have loaned monies to the company as follows:

31/03/18

31/03/17

£

£

N A King

5,368

105,117

J P King

5,368

105,117

E M Hulse

4,369

105,118

16,105

315,352

During the year Mrs E M Hulse purchased a property from the Company at an open market

valuation of £224,500.

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £15,000 were paid to the directors .