KMN_Securities_Estates_Li - Accounts
KMN_Securities_Estates_Li - Accounts
Annual report and unaudited financial statements
For the year ended 28 February 2018
Pages for filing with registrar
KMN SECURITIES ESTATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
KMN SECURITIES ESTATES LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Investments
3
Current assets
Debtors
4
Cash at bank and in hand
Creditors: amounts falling due within one year
5
(1,122,200 )
(1,366,310 )
Net current liabilities
(159,812 )
(134,183 )
Total assets less current liabilities
(158,812 )
(133,183 )
Capital and reserves
Called up share capital
6
Profit and loss reserves
(158,814 )
(133,185 )
Total equity
(158,812 )
(133,183 )
The financial statements were approved by the board of directors and authorised for issue on 6 November 2018 and are signed on its behalf by:
Director
Company Registration No. 05316459
KMN SECURITIES ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018
- 2 -
1
Accounting policies
Company information
KMN Securities Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is 55 Loudoun Road, St John's Wood, London, NW8 0DL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The financial statements have been prepared on the going concern basis, as the directors have confirmed that funds will continue to be made available from related entities to enable it to meet its day to day commitments for the foreseeable future. The financial statements do not include any adjustments that might result from the withdrawal of this support and the directors are of the opinion that the going concern basis is therefore appropriate to the preparation of these financial statements.
1.3
Fixed asset investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.4
Taxation
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 2 (2017 - 2).
3
Fixed asset investments
2018
2017
£
£
Investments
1,000
1,000
KMN SECURITIES ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2018
3
Fixed asset investments
(Continued)
- 3 -
Movements in fixed asset investments
Shares in participating interests
£
Cost or valuation
At 1 March 2017 & 28 February 2018
1,000
Carrying amount
At 28 February 2018
1,000
At 28 February 2017
1,000
4
Debtors
2018
2017
Amounts falling due within one year:
£
£
Amounts owed by related undertakings
752,060
418,840
Other debtors
210,252
2
5
Creditors: amounts falling due within one year
2018
2017
£
£
Amounts due to related undertakings
Other creditors
6
Called up share capital
2018
2017
£
£
Ordinary share capital
2 Ordinary shares of £1 each
2
2