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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 |
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KIMBOLTON LODGE LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2018 |
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FOR |
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KIMBOLTON LODGE LIMITED |
KIMBOLTON LODGE LIMITED (REGISTERED NUMBER: 03427293) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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KIMBOLTON LODGE LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Bedford I-Lab |
Priory Business Park |
Stannard Way |
Bedford |
Bedfordshire |
MK44 3RZ |
KIMBOLTON LODGE LIMITED (REGISTERED NUMBER: 03427293) |
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BALANCE SHEET |
30 JUNE 2018 |
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30.6.18 | 30.6.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Share premium | 8 |
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Revaluation reserve | 8 |
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Retained earnings | 8 |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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KIMBOLTON LODGE LIMITED (REGISTERED NUMBER: 03427293) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2018 |
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1. | STATUTORY INFORMATION |
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Kimbolton Lodge Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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The main place of business of the company is 1 Kimbolton Road, Bedford MK40 2NT. |
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The figures in the accounts are rounded to the nearest £. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents fees from residents during the year. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and any accumulated |
impairment losses. |
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Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially |
from that which would be determined using fair value at the Balance Sheet date. Fair values are determined from |
market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are |
recognised in the Statement of Comprehensive Income unless losses exceed the previously recognised gains or |
reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss. |
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Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary |
for it to be capable of operating in the manner intended by management. |
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Fixtures & fittings are capitalised to the extent that their cost is in excess of £750. Plant & machinery is capitalised |
to the extent that their cost is in excess of £500. |
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Depreciation is provided on plant and machinery etc. (except for improvements to property) in order to write off |
each asset over its expected useful life at 25% on reducing balance. |
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Depreciation is charged on leasehold property and improvements at 1% reducing balance per annum to the |
extent that residual value is expected to be less than the cost adjusted for any revaluation to fair value. This |
represents a change in estimate of useful life. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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KIMBOLTON LODGE LIMITED (REGISTERED NUMBER: 03427293) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 July 2017 |
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Additions |
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At 30 June 2018 |
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DEPRECIATION |
At 1 July 2017 |
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Charge for year |
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At 30 June 2018 |
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NET BOOK VALUE |
At 30 June 2018 |
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At 30 June 2017 |
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Cost or valuation at 30 June 2018 is represented by: |
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Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Valuation in 2017 | 177,572 | - | 177,572 |
Cost | 1,319,450 | 412,472 | 1,731,922 |
1,497,022 | 412,472 | 1,909,494 |
KIMBOLTON LODGE LIMITED (REGISTERED NUMBER: 03427293) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2018 |
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4. | TANGIBLE FIXED ASSETS - continued |
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If Leasehold Property had not been revalued it would have been included at the following historical cost: |
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30.6.18 | 30.6.17 |
£ | £ |
Cost | 1,319,450 | 1,311,428 |
Aggregate depreciation | 26,177 | 26,229 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.18 | 30.6.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.18 | 30.6.17 |
value: | £ | £ |
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Ordinary Shares of £0.50 Each | 0.5 | 603,500 | 603,500 |
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8. | RESERVES |
Retained | Share | Revaluation |
earnings | premium | reserve | Totals |
£ | £ | £ | £ |
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At 1 July 2017 |
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1,033,035 |
Profit for the year |
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Dividends | ( |
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At 30 June 2018 |
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1,062,092 |
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9. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by its directors. |