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

REGISTERED NUMBER: 02818588 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2018

FOR

KABELIA LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

Miss C C Maxwell

Miss J Aaronson

Miss J M Ladds

SECRETARY:

Miss J Aaronson

REGISTERED OFFICE:

Market House

21 Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

02818588 (England and Wales)

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

BANKERS:

Lloyds Bank plc

18 Week Street

Maidstone

Kent

ME14 1RW

FIXED ASSETS

Investment property

4

1,160,000

1,160,000

CURRENT ASSETS

Debtors

5

2,007

2,402

Cash at bank

6,736

6,162

8,743

8,564

CREDITORS

Amounts falling due within one year

6

233,303

240,492

NET CURRENT LIABILITIES

(224,560

)

(231,928

)

TOTAL ASSETS LESS CURRENT LIABILITIES

935,440

928,072

CREDITORS

Amounts falling due after more than one year

7

(3,725

)

(10,005

)

PROVISIONS FOR LIABILITIES

10

(73,772

)

(77,088

)

NET ASSETS

857,943

840,979

CAPITAL AND RESERVES

Called up share capital

11

2

2

Fair value reserve

12

692,814

692,814

Retained earnings

12

165,127

148,163

SHAREHOLDERS' FUNDS

857,943

840,979

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 21 November 2018 and were signed on its behalf by:

Miss J M Ladds - Director

1.	STATUTORY INFORMATION

Kabelia 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2017

and 31 May 2018

1,160,000

NET BOOK VALUE

At 31 May 2018

1,160,000

At 31 May 2017

1,160,000

Fair value at 31 May 2018 is represented by:

£

Valuation in 2016

764,902

Valuation in 2017

5,000

Cost

390,098

1,160,000

If the investment property had not been revalued it would have been included at the following historical cost:

2018

2017

£

£

Cost

390,098

390,098

Investment property was valued on an open market basis on 5 May 2017 by Day & Bell Surveyors Ltd .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments

2,007

2,402

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Bank loans and overdrafts (see note 8)

6,271

6,112

Tax

3,201

2,826

Other loans

200,500

208,673

Directors' loan account

19,224

19,507

Accrued expenses

4,107

3,374

233,303

240,492

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Bank loans (see note 8)

3,725

10,005

8.

LOANS

An analysis of the maturity of loans is given below:

2018

2017

£

£

Amounts falling due within one year or on demand:

Bank loans

6,271

6,112

Amounts falling due between one and two years:

Bank loans - 1-2 years

3,725

6,271

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

3,734

9.	SECURED DEBTS

The following secured debts are included within creditors:

2018

2017

£

£

Bank loans

9,996

16,117

Other loans

38,525

52,398

48,521

68,515

The bank loan is secured by a fixed and floating charge over all the company's assets.

The bank loan of £9,996 (2017: £16,116) is secured by a first charge over the company's investment property.

Another loan of £38,525 (2017: £52,398) is secured by a second charge over the company's investment property.

10.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

73,772

77,088

Deferred

tax

£

Balance at 1 June 2017

77,088

Provided during year

(3,316

)

Balance at 31 May 2018

73,772

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

12.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 June 2017

148,163

692,814

840,977

Profit for the year

16,964

16,964

At 31 May 2018

165,127

692,814

857,941

13.	RELATED PARTY DISCLOSURES

A loan of £161,975 (2017: £156,275) has been made to this company by Caserta Investments Limited, a

company with a common shareholder, on which interest of £5,700 (2017 £5,700) was charged during the year.

A loan has also been made to this company by the shareholder of £38,525 (2017: £52,398), on which interest of

£3,668 (2017: £4,189) was paid.

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 Income Statement and certain other primary statements and the

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

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Kabelia Limited for the year ended 31 May 2018 which comprise the Income Statement, Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have

given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Kabelia Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kabelia Limited and state those matters that we have agreed to state to the Board of Directors of Kabelia Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Kabelia Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Kabelia Limited. You consider that Kabelia Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Kabelia Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Financial Statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008), however we draw your attention to the accounting

policies, specifically that the investment properties have not been revalued to comply with Statement of Standard

Accounting Practice 19. The directors do not consider that the cost of obtaining professional valuations can be justified

to the members of the company, particularly as fluctuations in property values would require amendments each year.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

21 November 2018