Kinibow Venture Capital Limited - Accounts to registrar (filleted) - small 18.2

Kinibow Venture Capital Limited - Accounts to registrar (filleted) - small 18.2

KINIBOW VENTURE CAPITAL LIMITED - Company Information

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REGISTERED NUMBER: 08553982 (England and Wales)





KINIBOW VENTURE CAPITAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2018






KINIBOW VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 08553982)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KINIBOW VENTURE CAPITAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2018







DIRECTORS: Mr C Lightbody
Mr D C Hayes





REGISTERED OFFICE: 7 St John Street
Mansfield
Nottinghamshire
NG18 1QH





REGISTERED NUMBER: 08553982 (England and Wales)





ACCOUNTANTS: ApC
Chartered Accountants
7 St John Street
Mansfield
Nottinghamshire
NG18 1QH
Page 1
KINIBOW VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 08553982)

BALANCE SHEET
30 JUNE 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investments 5 400,002 400,002

CURRENT ASSETS
Debtors 6 6,025 2,561
Cash at bank 2,898 5,579
8,923 8,140
CREDITORS
Amounts falling due within one year 7 25,588 25,549
NET CURRENT LIABILITIES (16,665 ) (17,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
383,337
382,593

PROVISIONS FOR LIABILITIES 77,204 77,204
NET ASSETS 306,133 305,389

CAPITAL AND RESERVES
Called up share capital 51 51
Revaluation reserve 8 309,920 309,920
Retained earnings (3,838 ) (4,582 )
306,133 305,389

The notes form part of these financial statements

Page 2
KINIBOW VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 08553982)

BALANCE SHEET - continued
30 JUNE 2018


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 March 2019 and were signed on its behalf by:




Mr D C Hayes - Director



Mr C Lightbody - Director


The notes form part of these financial statements

Page 3
KINIBOW VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 08553982)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2018


1. STATUTORY INFORMATION

Kinibow Venture Capital Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value excluding Value Added Tax of goods and services provided to customers during
the year. In respect of goods and services provided, all income is taken to profit and loss at the same point as the
right to receive consideration has been acquired.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

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.

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.

Page 4
KINIBOW VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 08553982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


3. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of
the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt
instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as
such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the
profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the
outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability
then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited
direct to equity.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2017
and 30 June 2018 407,145
PROVISIONS
At 1 July 2017
and 30 June 2018 7,143
NET BOOK VALUE
At 30 June 2018 400,002
At 30 June 2017 400,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Amounts owed by participating interests 5,961 2,561
Tax 64 -
6,025 2,561

Page 5
KINIBOW VENTURE CAPITAL LIMITED (REGISTERED NUMBER: 08553982)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 2,901 2,901
Amounts owed to participating interests 642 642
Corporation tax - 170
Directors' current accounts 5,504 5,504
Accruals and deferred income 16,541 16,332
25,588 25,549

8. RESERVES
Revaluation
reserve
£   
At 1 July 2017
and 30 June 2018 309,920

9. RELATED PARTY DISCLOSURES

During the year the company paid commissions to Future 4C Limited of which Mr C Lightbody is also a director
and shareholder to the value of £40,500. The company also paid commission to Trentrock Limited of which Mr D
Hayes is also a director and shareholder to the value of £36,500. At the year end Future 4C limited was owed
£642 (2017 - £642). At the year end Trentrock Limited owed the company £5,961 (2017 -£2,561).

Page 6