Company registration number:
2606848
Kilda Investments Limited
Unaudited filleted financial statements
31 March 2018
Kilda Investments Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Kilda Investments Limited
Directors and other information
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Director
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Mr A Bromovsky
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Company number
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2606848
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Registered office
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7-7c Snuff Street
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Devizes
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Wilts
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SN9 1DU
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Accountants
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Charlton Baker Ltd
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7-7c Snuff Street
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Devizes
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Wiltshire
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SN10 1DU
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Kilda Investments Limited
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of Kilda Investments Limited
Year ended 31 March 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kilda Investments Limited for the year ended 31 March 2018 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
Our work has been undertaken in accordance with the ICAEW Technical Release 07/16 AAF.
Charlton Baker Ltd
Chartered Accountants
7-7c Snuff Street
Devizes
Wiltshire
SN10 1DU
20 December 2018
Kilda Investments Limited
Statement of financial position
31 March 2018
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2018
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2017
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Note
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£
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£
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£
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£
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Current assets
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Debtors
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6
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92,011
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107,553
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Cash at bank and in hand
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1,240
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1,150
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_______
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_______
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93,251
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108,703
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Creditors: amounts falling due
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within one year
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7
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(
1,170)
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(
8,630)
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_______
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_______
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Net current assets
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92,081
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100,073
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_______
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_______
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Total assets less current liabilities
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92,081
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100,073
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Creditors: amounts falling due
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after more than one year
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8
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350,000)
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(
350,000)
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_______
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_______
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Net liabilities
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(
257,919)
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(
249,927)
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_______
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_______
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Capital and reserves
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Called up share capital
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9,731
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9,731
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Share premium account
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82,157
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82,157
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Profit and loss account
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(
349,807)
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(
341,815)
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_______
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_______
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Shareholders deficit
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(
257,919)
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(
249,927)
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_______
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_______
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For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
the sole director
and authorised for issue on
20 December 2018
Mr A Bromovsky
Director
Company registration number:
2606848
Kilda Investments Limited
Notes to the financial statements
Year ended 31 March 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 7-7c Snuff Street, Devizes, Wilts, SN9 1DU.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2017:
1
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5.
Tangible assets
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Fixtures, fittings and equipment
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Total
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£
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£
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Cost
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At 1 April 2017 and 31 March 2018
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11,390
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11,390
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_______
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Depreciation
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At 1 April 2017 and 31 March 2018
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11,390
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11,390
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_______
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Carrying amount
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At 31 March 2018
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-
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_______
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_______
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At 31 March 2017
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-
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_______
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_______
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6.
Debtors
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2018
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2017
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£
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£
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Other debtors
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92,011
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107,553
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_______
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_______
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7.
Creditors: amounts falling due within one year
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2018
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2017
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£
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£
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Corporation tax
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-
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6,536
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Other creditors
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1,170
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2,094
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_______
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_______
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1,170
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8,630
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_______
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_______
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8.
Creditors: amounts falling due after more than one year
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2018
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2017
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£
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£
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Other creditors
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350,000
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350,000
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_______
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_______
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9.
Directors advances, credits and guarantees
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During the year the director entered into the following advances and credits with the company:
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2018
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Balance brought forward
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Advances /(credits) to the director
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mr A Bromovsky
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84,836
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-
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(
15,542)
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69,294
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_______
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_______
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_______
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_______
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2017
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Balance brought forward
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Advances /(credits) to the director
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mr A Bromovsky
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64,726
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32,755
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(
12,645)
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84,836
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_______
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_______
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_______
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_______
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