REGISTERED NUMBER:
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KLIN INVESTMENT UK LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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REGISTERED NUMBER:
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KLIN INVESTMENT UK LIMITED |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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KLIN INVESTMENT UK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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DIRECTOR: |
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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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11 Portland Road |
Kilmarnock |
KA1 2BT |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
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BALANCE SHEET |
30TH SEPTEMBER 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Investments | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
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BALANCE SHEET - continued |
30TH SEPTEMBER 2019 |
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The financial statements were approved by the director and authorised for issue on
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KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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1. | STATUTORY INFORMATION |
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Klin Investment UK Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
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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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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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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was NIL (2018 - NIL). |
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4. | FIXED ASSET INVESTMENTS |
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2019 | 2018 |
£ | £ |
Shares in group undertakings |
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Participating interests |
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Loans to undertakings in which the company
has a participating interest |
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KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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4. | FIXED ASSET INVESTMENTS - continued |
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Additional information is as follows: |
Interest | Interest |
Shares in | in | in other |
group | associate | participating |
undertakings | undertakings | interests | Totals |
£ | £ | £ | £ |
COST |
At 1st October 2018 |
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162,025 | 1,300 | 7,712,225 |
Additions |
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- | 3,000 |
Disposals |
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( |
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At 30th September 2019 |
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1,300 | 7,550,225 |
NET BOOK VALUE |
At 30th September 2019 |
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1,300 | 7,550,225 |
At 30th September 2018 |
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1,300 | 7,712,225 |
Loans to |
associates |
£ |
At 1st October 2018 |
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New in year |
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Repayment in year | ( |
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Other movement | ( |
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At 30th September 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | CURRENT ASSET INVESTMENTS |
2019 | 2018 |
£ | £ |
Other |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security | ( |
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Other creditors |
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KLIN INVESTMENT UK LIMITED (REGISTERED NUMBER: SC249830) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH SEPTEMBER 2019 |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Amounts owed to group undertakings |
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Other creditors |
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9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30th September 2019 and |
30th September 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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Interest of £42 (2018: £1,131) was charged during the year in respect of this loan. The loan was repaid in full |
during the financial year. |
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10. | RELATED PARTY DISCLOSURES |
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Trade debtors (note 5) includes a balance due from Klin Facilities Management Limited, a company which is |
controlled by D. Macklin, director, of £13,382 (2018 - £12,830). Other creditors (note 8) includes a balance due |
to this company of £18,187 (2018: £2,500). |
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Other debtors (note 5) includes a balance of £515,000 due from Jonick Wexford Limited, a company in which D. |
Macklin, director, has share interests. This loan is subject to normal commercial terms. |
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11. | ULTIMATE CONTROLLING PARTY |
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The company is controlled by D Macklin, director. |