Registered number:
4825518
KEVIN HOPE PHARMACY LIMITED
UNAUDITED
DIRECTORS' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
|
KEVIN HOPE PHARMACY LIMITED
COMPANY INFORMATION
|
Mr KC Patel
(deceased
16 July 2016
)
|
|
Mr J C Patel Jnr
(appointed
16 July 2016
)
|
|
Ms H Patel
(appointed
16 July 2016
)
|
|
|
|
|
|
Mr Ameet Patel
Mr JC Patel
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
KEVIN HOPE PHARMACY LIMITED
CONTENTS
|
|
|
|
|
|
|
|
Notes to the financial statements
|
|
|
KEVIN HOPE PHARMACY LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2016
The Directors present their report and the financial statements for the year ended 31 March 2016.
The principal activity of the company during the year was that of dormant company.
The Director who served during the year was:
Mr KC Patel
(deceased
16 July 2016
)
|
In preparing this report, the Directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
This report was approved by the board and signed on its behalf.
Mr J C Patel Jnr
Director
|
|
|
|
|
|
|
|
Page 1
|
KEVIN HOPE PHARMACY LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2016
|
|
|
|
Interest receivable and similar income
|
|
|
|
|
|
|
|
Tax on profit on ordinary activities
|
|
|
|
|
|
|
|
The Company has not traded during the year. During this period, the Company received no income and incurred no expenditure other than exempted payments under the provisions of section 1169 (3)(b) of the Companies Act 2006.
|
Page 2
|
KEVIN HOPE PHARMACY LIMITED
REGISTERED NUMBER:
4825518
BALANCE SHEET
AS AT
31 MARCH 2016
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the year ended 31 March 2016 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.
Members have not required the Company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The Company's
financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by
:
The notes on pages 4 to 7 form part of these financial statements.
Page 3
|
KEVIN HOPE PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
Kevin Hope Pharmacy Limited (the “Company”) is a private company limited by shares and incorporated and domiciled in the United Kingdom. The address of the registered office is given on company information page.
2.
Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006
.
The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.
The transitional exemptions available in FRS 102 where applicable are stated in relevant accounting policies.
The functional currency of Kevin Hope Pharmacy Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates. The financial statements are also presented in pounds sterling and rounded to nearest £.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company accounting policies.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
Interest income is recognised in the Profit and loss account using the effective interest method.
Tax is recognised in the Profit and loss account, except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Page 4
|
KEVIN HOPE PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
|
Other interest receivable
|
|
|
|
|
|
|
|
|
|
|
|
Current tax on profits for the year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxation on profit on ordinary activities
|
|
|
|
Factors affecting tax charge for the year
|
|
The tax assessed for the year is the same as
(2015 - the same as)
the standard rate of corporation tax in the UK of
20
%
(2015 -
21
%)
as set out below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit on ordinary activities before tax
|
|
|
|
Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 20% (2015 - 21%)
|
|
|
|
|
|
|
|
Total tax charge for the year
|
|
|
Page 5
|
KEVIN HOPE PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
4.
Taxation (continued)
|
Factors that may affect future tax charges
|
There were no factors that may affect future tax charges.
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares classified as equity
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
1,000
Ordinary
shares of £
1
each
|
|
|
Page 6
|
KEVIN HOPE PHARMACY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
Profit and loss account
The profit and loss reserve represents cumulative profits or losses, including dividends paid and other adjustments.
The company's immediate parent company is Day Lewis Chemists Limited, a company registered in England and Wales.
Day Lewis Plc, a company registered in England and Wales, is the parent company of Day Lewis Chemists Limited. It prepares group accounts which are available at Day Lewis House, 2 Peterwood Way, Croydon, Surrey CR0 4UQ.
The ultimate parent company is Day Lewis Holdings Limited, a company registered in Cyprus and controlled by the executors of the Kirit Patel Estate.
Page 7
|