Ken Ross Investments Limited - Period Ending 2018-08-31

Registration number: 03619466

Ken Ross Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2018

Ken Ross Investments Limited

Contents

 

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 4

Ken Ross Investments Limited

Registration number: 03619466

Balance Sheet as at 31 August 2018

	Note	2018 £	2017 £
Fixed assets
Other financial assets	3	151,156	170,788
Current assets
Cash at bank and in hand		7,771	29,894
Creditors: Amounts falling due within one year	4	(1,460)	(5,499)
Net current assets		6,311	24,395
Net assets		157,467	195,183
Capital and reserves
Called up share capital		2	2
Profit and loss account		157,465	195,181
Total equity		157,467	195,183

The director's statements required by sections 475 (2) and (3) are shown on the following page which forms part of this Balance Sheet.

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 1

Ken Ross Investments Limited

Registration number: 03619466

Balance Sheet as at 31 August 2018 (continued)

For the financial year ending 31 August 2018 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 11 May 2019 and signed on its behalf by:
 

K C L Ross

Director

The notes on pages 3 to 4 form an integral part of these financial statements.

Page 2

Ken Ross Investments Limited

Notes to the Financial Statements for the Year Ended 31 August 2018

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wymondham Business Centre
1 Town Green
Wymondham
Norfolk
NR18 0PN
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Page 3

Ken Ross Investments Limited

Notes to the Financial Statements for the Year Ended 31 August 2018 (continued)

3	Fixed asset investments

	Listed investments £	Total £
Cost or valuation
At 1 September 2017	170,788	170,788
Fair value adjustments	3,400	3,400
Additions	21,650	21,650
Disposals	(44,682)	(44,682)
At 31 August 2018	151,156	151,156
Carrying amount
At 31 August 2018	151,156	151,156
At 31 August 2017	170,788	170,788

 

The market valuation of listed investments at 31 August 2018 was £151,156 (31 August 2017 - £170,788)

4

Creditors

Creditors: amounts falling due within one year

	Note	2018 £	2017 £
Due within one year
Taxation and social security		230	4,269
Other creditors		1,230	1,230
		1,460	5,499

Page 4