Company Registration No. 09539818 (England and Wales)
KAI EIGHTYEIGHT LTD
DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2016
KAI EIGHTYEIGHT LTD
COMPANY INFORMATION
Director
Mr Wai Shun Wong
Company number
09539818
Registered office
4 Chase Side
Enfield
Middlesex
EN2 6NF
Accountants
LCCO Limited
4 Chase Side
Enfield
Middlesex
EN2 6NF
Business address
27 Stonebridge Road
London
N15 5NY
KAI EIGHTYEIGHT LTD
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5 - 7
KAI EIGHTYEIGHT LTD
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 30 APRIL 2016
- 1 -
The director presents his report and financial statements for the Period ended 30 April 2016.
Director
The following director has held office since 13 April 2015:
Mr Wai Shun Wong
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
Mr Wai Shun Wong
Director
24 November 2016
KAI EIGHTYEIGHT LTD
CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KAI EIGHTYEIGHT LTD FOR THE PERIOD ENDED 30 APRIL 2016
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kai Eightyeight Ltd for the Period ended 30 April 2016 set out on pages 3 to 7 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://www2.accaglobal.com/pubs/members/publications/technical_factsheets/downloads/163.doc.
This report is made solely to the Board of Directors of Kai Eightyeight Ltd, as a body, in accordance with the terms of our engagement letter dated 30 April 2015. Our work has been undertaken solely to prepare for your approval the financial statements of Kai Eightyeight Ltd and state those matters that we have agreed to state to the Board of Directors of Kai Eightyeight Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kai Eightyeight Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Kai Eightyeight Ltd 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 Kai Eightyeight Ltd. You consider that Kai Eightyeight Ltd is exempt from the statutory audit requirement for the Period.
We have not been instructed to carry out an audit or a review of the financial statements of Kai Eightyeight Ltd. 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.
LCCO Limited
24 November 2016
Chartered Certified Accountants
4 Chase Side
Enfield
Middlesex
EN2 6NF
KAI EIGHTYEIGHT LTD
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 APRIL 2016
- 3 -
Period
ended
30 April
2016
Notes
£
Turnover
1,325
Administrative expenses
(920)
Operating profit
405
Other interest receivable and similar income
2
1
Profit on ordinary activities before taxation
406
Tax on profit on ordinary activities
3
(81)
Profit for the Period
8
325
KAI EIGHTYEIGHT LTD
BALANCE SHEET
AS AT
30 APRIL 2016
30 April 2016
- 4 -
2016
Notes
£
£
Fixed assets
Tangible assets
4
29,043
Current assets
Cash at bank and in hand
2,287
Creditors: amounts falling due within one year
5
(11,003)
Net current liabilities
(8,716)
Total assets less current liabilities
20,327
Creditors: amounts falling due after more than one year
6
(20,000)
327
Capital and reserves
Called up share capital
7
2
Profit and loss account
8
325
Shareholders' funds
327
For the financial Period ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476;
-
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 in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board for issue on 24 November 2016
Mr Wai Shun Wong
Director
Company Registration No. 09539818
KAI EIGHTYEIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 APRIL 2016
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for ground rent received.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
No depreciation is provided in respect of freehold land and building.
2
Investment income
2016
£
Bank interest
1
1
3
Taxation
2016
£
Domestic current year tax
U.K. corporation tax
81
Total current tax
81
KAI EIGHTYEIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2016
- 6 -
4
Tangible fixed assets
Land and buildings
£
Cost
At 13 April 2015
-
Additions
29,043
At 30 April 2016
29,043
Depreciation
At 13 April 2015 & at 30 April 2016
-
Net book value
At 30 April 2016
29,043
5
Creditors: amounts falling due within one year
2016
£
Taxation and social security
81
Other creditors
10,922
11,003
6
Creditors: amounts falling due after more than one year
2016
£
Other creditors
20,000
7
Share capital
2016
£
Allotted, called up and fully paid
2 Ordinary share of £1 each
2
KAI EIGHTYEIGHT LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 APRIL 2016
- 7 -
8
Statement of movements on profit and loss account
Profit and loss
account
£
Profit for the period
325
KAI EIGHTYEIGHT LTD
MANAGEMENT INFORMATION
FOR THE PERIOD ENDED 30 APRIL 2016
KAI EIGHTYEIGHT LTD
DETAILED TRADING AND PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 30 APRIL 2016
Period
ended
30 April
2016
£
£
Turnover
Rent receivable
1,325
Administrative expenses
(920)
Operating profit
405
Other interest receivable and similar income
Bank interest received
1
Profit before taxation
30.64%
406
KAI EIGHTYEIGHT LTD
SCHEDULE OF ADMINISTRATIVE EXPENSES
FOR THE PERIOD ENDED 30 APRIL 2016
Period
ended
30 April
2016
£
Administrative expenses
Use of home
280
Accountancy
600
Sundry expenses - allowable
40
920
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