Company Registration No. 09807509 (England and Wales)
KILIMANJARO YOUR MUM LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2016
KILIMANJARO YOUR MUM LTD
CONTENTS
Page
Accountants' report
1
Abbreviated balance sheet
2
Notes to the abbreviated accounts
3
KILIMANJARO YOUR MUM LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF KILIMANJARO YOUR MUM LTD FOR THE PERIOD ENDED 31 OCTOBER 2016
- 1 -
The following reproduces the text of the Accountants' Report prepared in respect of the company's annual unaudited financial statements, from which the unaudited abbreviated financial statements set out on pages 2 to 3 have been prepared.
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Kilimanjaro Your Mum Ltd for the period ended 31 October 2016 which comprise the Profit and Loss Account, the Balance Sheet and the 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/.
This report is made solely to the Board of Directors of Kilimanjaro Your Mum Ltd, as a body, in accordance with the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the financial statements of Kilimanjaro Your Mum Ltd and state those matters that we have agreed to state to the Board of Directors of Kilimanjaro Your Mum Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Kilimanjaro Your Mum Ltd and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Kilimanjaro Your Mum 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 Kilimanjaro Your Mum Ltd. You consider that Kilimanjaro Your Mum 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 Kilimanjaro Your Mum 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.
MHA Carpenter Box
14 April 2017
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1QR
KILIMANJARO YOUR MUM LTD
ABBREVIATED BALANCE SHEET
AS AT
31 OCTOBER 2016
31 October 2016
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2016
Notes
£
£
Fixed assets
Tangible assets
2
456,541
Current assets
Debtors
550
Cash at bank and in hand
42,228
42,778
Creditors: amounts falling due within one year
(492,694)
Net current liabilities
(449,916)
Total assets less current liabilities
6,625
Capital and reserves
Called up share capital
3
100
Profit and loss account
6,525
Shareholders' funds
6,625
For the financial period ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 April 2017
Mr O O W Olatunji
Director
Company Registration No. 09807509
KILIMANJARO YOUR MUM LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE PERIOD ENDED 31 OCTOBER 2016
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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).
The accounts have been prepared on a going concern basis, which assumes that the company will continue trading for the foreseeable future. The
connected company has agreed
to provide their continued support in meeting the company's liabilities as needed. The financial statements do not include any adjustment that would result from a withdrawal of their support.
1.2
Turnover
Turnover represents amounts receivable for rent in the year.
1.3
Tangible fixed assets and depreciation
Investment properties are included in the balance sheet at their open market value and are not subject to an annual depreciation charge. A lthough this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
and are not subject to an annual depreciation charge. A
lthough this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective
January
2015), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost
At 3 October 2015
-
Additions
456,541
At 31 October 2016
456,541
3
Share capital
2016
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
On incorporation 100 ordinary shares of £1 each were allotted and fully paid for cash consideration.