Kynance Associates Ltd. - Accounts to registrar (filleted) - small 18.2
Kynance Associates Ltd. - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| FOR |
| KYNANCE ASSOCIATES LTD. |
| KYNANCE ASSOCIATES LTD. (REGISTERED NUMBER: 06853561) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Page |
| Company information | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 |
| KYNANCE ASSOCIATES LTD. |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| Director: |
| Secretary: |
| Registered office: |
| Registered number: |
| Accountants: |
| 7 & 8 Church Street |
| Wimborne |
| Dorset |
| BH21 1JH |
| KYNANCE ASSOCIATES LTD. (REGISTERED NUMBER: 06853561) |
| BALANCE SHEET |
| 31 MARCH 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| Fixed assets |
| Investments | 4 |
| Current assets |
| Debtors | 5 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 6 |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year | 7 |
| Net assets |
| Capital and reserves |
| Called up share capital | 8 |
| Retained earnings |
| Shareholders' funds |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
| The financial statements were approved by the director on |
| KYNANCE ASSOCIATES LTD. (REGISTERED NUMBER: 06853561) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 1. | Statutory information |
| Kynance Associates Ltd. is a |
| number and registered office address can be found on the Company Information page. |
| Kynance Associates is a private company, limited by shares, registered in England and Wales. The company's registered |
| number is 06853561. The registered office and business address is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH. |
| 2. | Accounting policies |
| Basis of preparing the financial statements |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| 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. |
| Financial instruments |
| Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the |
| contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract |
| that evidences a residual interest in the assets of the company, after deducting all liabilities. |
| At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any |
| losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
| 3. | Employees and directors |
| The average number of employees during the year was |
| KYNANCE ASSOCIATES LTD. (REGISTERED NUMBER: 06853561) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2018 |
| 4. | Fixed asset investments |
| Interest in |
| associate |
| £ |
| Cost |
| At 1 April 2017 |
| and 31 March 2018 | 563,563 |
| Net book value |
| At 31 March 2018 |
| At 31 March 2017 |
| 5. | Debtors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Other debtors |
| 6. | Creditors: amounts falling due within one year |
| 2018 | 2017 |
| £ | £ |
| Bank loans and overdrafts |
| Amounts owed to participating interests | - | 8,025 |
| 7. | Creditors: amounts falling due after more than one year |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 2,836 | 31,917 |
| 8. | Called up share capital |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2018 | 2017 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |