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Unaudited Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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121 KINGS ROAD LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 December 2017 |
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for |
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121 KINGS ROAD LIMITED |
121 KINGS ROAD LIMITED (REGISTERED NUMBER: 05866498) |
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Contents of the Financial Statements |
for the year ended 31 December 2017 |
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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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Chartered Accountants' Report | 5 |
121 KINGS ROAD LIMITED |
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Company Information |
for the year ended 31 December 2017 |
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Directors: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
121 KINGS ROAD LIMITED (REGISTERED NUMBER: 05866498) |
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Balance Sheet |
31 December 2017 |
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2017 | 2016 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
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Current assets |
Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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Net current assets/(liabilities) |
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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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Revaluation reserve | 8 |
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Retained earnings |
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Shareholders' funds |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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 Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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121 KINGS ROAD LIMITED (REGISTERED NUMBER: 05866498) |
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Notes to the Financial Statements |
for the year ended 31 December 2017 |
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1. | Statutory information |
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121 Kings Road 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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2. | Accounting policies |
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Basis of preparing the financial statements |
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Key source of estimation, uncertainty and judgement |
The preparation of financial statements in conformity with generally accepted accounting practice requires |
management to make estimates and judgement that affect the reported amounts of assets and liabilities as well |
as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of |
revenues and expenses during the reporting period. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Turnover represents sales to external customers in relation to ground rents at invoiced amounts. |
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Investment property |
Investment properties are shown at their fair value and not depreciated. The surpluses arising from the any |
revaluation are transferred to the revaluation reserve. |
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This is in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The |
Financial Reporting Standard applicable in the UK and Republic of Ireland" which, unlike Schedule 4 to the |
Companies Act 2006, does not require depreciation of investment properties. |
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Investment properties are not held for use by the company, so their current value is of prime importance. The |
departure from the provisions of the Act is required in order to give a true and fair view. |
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3. | Employees and directors |
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The average number of employees during the year was NIL (2016 - NIL). |
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4. | Investment property |
Total |
£ |
Fair value |
At 1 January 2017 |
and 31 December 2017 |
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Net book value |
At 31 December 2017 |
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At 31 December 2016 |
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The company owns the interest in the freehold of a property. The historic cost is £Nil. At 31 December 2017, |
the directors have revalued the interest in the freehold to its market value of £154,000 (2016 - £154,000). |
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Fair value at 31 December 2017 is represented by: |
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Valuation in 2017 | 154,000 |
121 KINGS ROAD LIMITED (REGISTERED NUMBER: 05866498) |
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Notes to the Financial Statements - continued |
for the year ended 31 December 2017 |
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5. | Debtors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
2017 | 2016 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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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 | 2017 | 2016 |
value: | £ | £ |
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Ordinary A shares | £1 | 455 | 455 |
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Ordinary B shares | £1 | 180 | 180 |
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Ordinary D shares | £1 | 365 | 365 |
1,000 | 1,000 |
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8. | Reserves |
Revaluation |
reserve |
£ |
At 1 January 2017 |
and 31 December 2017 |
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Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
121 Kings Road Limited |
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The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to |
file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements |
and the Report of the Directors are not required to be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of 121 Kings Road Limited for the year ended 31 December 2017 which comprise the Income |
Statement, Other Comprehensive Income, Balance Sheet and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of 121 Kings Road Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of 121 Kings Road Limited and state those matters that we have agreed to state to the Board of Directors of 121 Kings Road Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 121 Kings Road Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that 121 Kings Road Limited 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 121 Kings Road Limited. You consider that 121 Kings Road Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of 121 Kings Road Limited. 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. |
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Chartered Accountants |
Aissela |
46 High Street |
Esher |
Surrey |
KT10 9QY |
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