Kindred Agency Limited Filleted accounts for Companies House (small and micro)
Kindred Agency Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07387574
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
7 |
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------------ |
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Net current assets |
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--------- |
------------ |
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Total assets less current liabilities |
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--------- |
------------ |
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Net assets |
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--------- |
------------ |
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Capital and reserves
Called up share capital |
9 |
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Profit and loss account |
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--------- |
------------ |
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Shareholders funds |
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--------- |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
22 January 2019
, and are signed on behalf of the board by:
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Director |
Company registration number:
07387574
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Notes to the Financial Statements |
Year ended 31 December 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, Dean Bradley House, 52 Horseferry Road, London, SW1P 2AF.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property |
- |
Over the lease term
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Fixtures and fittings |
- |
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Equipment |
- |
25% straight line |
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Computer equipment |
- |
33
% straight line |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
54
(2017:
65
).
5.
Tangible assets
Short leasehold property |
Fixtures and fittings |
Equipment |
Computer Equipment |
Total |
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£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2018 |
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Additions |
– |
– |
– |
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--------- |
-------- |
------- |
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At 31 December 2018 |
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-------- |
------- |
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Depreciation |
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At 1 January 2018 |
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Charge for the year |
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– |
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--------- |
-------- |
------- |
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--------- |
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At 31 December 2018 |
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103,202
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------- |
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Carrying amount |
|||||
At 31 December 2018 |
– |
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--------- |
-------- |
------- |
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--------- |
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At 31 December 2017 |
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-------- |
------- |
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6.
Debtors
2018 |
2017 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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------------ |
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7.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Trade creditors |
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Corporation tax |
– |
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Social security and other taxes |
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Other creditors |
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------------ |
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8.
Share-based payments
Equity-settled share-based payments
The number of share options outstanding at the end of the year was 1,375 (2017: 1,375).
No adjustment has been made in the accounts for the share based payments because they are immaterial.
9.
Called up share capital
Issued, called up and fully paid
2018 |
2017 |
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No. |
£ |
No. |
£ |
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53.50 |
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53.50 |
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36.18 |
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36.18 |
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6.55 |
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6.55 |
------- |
------- |
------- |
------- |
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96.23
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96.23
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------- |
------- |
------- |
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A ordinary and B ordinary shares The shares entitle the shareholders to vote and attend meetings. They also have the right to receive dividends and distributions. On repayment of capital or winding up, the A ordinary shares and B ordinary shares rank first for an amount per share equal to the par value of each A ordinary share and B ordinary share and, after any payment in respect of the deferred shares, any remaining balance shall belong to and be distributed amongst the holders of A ordinary shares and B ordinary shares in proportion to their holding. C ordinary shares The shares entitle the shareholders to vote and attend meetings. However they have no rights to receive dividends and distributions. On repayment of capital or winding up, the C ordinary shares have no rights to a return of capital.
10.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2018 |
2017 |
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£ |
£ |
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Later than 5 years |
– |
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---- |
------------ |
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11.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2018 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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|
– |
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– |
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---- |
-------- |
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-------- |
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2017 |
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Balance brought forward |
Advances/ (credits) to the directors |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
£ |
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(
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– |
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12.
Related party transactions
Included in other debtors is a loan to Mr Mustoe of £50,000, it carries interest at the official rate and there are no fixed terms of repayment.