KG Newco Limited
KG Newco Limited
Registered number: 08272250
Directors' Report and
Unaudited Financial Statements
For The Year Ended 30 December 2018
Meacher-Jones
Chartered Accountants
6 St John's Court
Vicars Lane
Chester
Cheshire
CH1 1QE
KG Newco Limited
Directors' Report and Unaudited Financial Statements
For The Year Ended 30 December 2018
Directors' Report and Unaudited Financial Statements
Contents | |
Page | |
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Company Information | 1 |
Directors' Report | 2 |
Accountant's Report | 3 |
Dormant Profit and Loss Account Statement | 4 |
Balance Sheet | 5—6 |
Notes to the Financial Statements | 7—8 |
KG Newco Limited
Company Information
For The Year Ended 30 December 2018
Company Information
Directors |
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Secretary |
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Company Number |
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Registered Office | C/o SPS Technologies Limited |
191 Barkby Road, Troon Industrial Estate | |
Leicester | |
Leicestershire | |
LE4 9HX | |
Accountants |
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Chartered Accountants | |
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Vicars Lane | |
Chester | |
Cheshire | |
CH1 1QE | |
Page 1
KG Newco Limited
Company No. 08272250
Directors' Report For The Year Ended 30 December 2018
Directors' Report
The directors present their report and the financial statements for the year ended 30 December 2018 .
Statement of Directors' Responsibilities
The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
Directors
The directors who held office during the year were as follows:
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APPOINTED |
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Small Company Rules
This report has 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.
On behalf of the board
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Page 2
KG Newco Limited
Accountant's Report
For The Year Ended 30 December 2018
Accountant's Report
Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of KG Newco Limited For The Year Ended 30 December 2018
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of KG Newco Limited For The Year Ended 30 December 2018 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 to us.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.
This report is made solely to the directors of KG Newco Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of KG Newco Limited and state those matters that we have agreed to state to the directors of KG Newco Limited , 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 KG Newco Limited and its directors, as a body, for our work or for this report.
It is your duty to ensure that KG Newco Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of KG Newco Limited . You consider that KG Newco Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit of the accounts of KG Newco 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 financial statements.
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Chartered Accountants
6 St John's Court
Vicars Lane
Chester
Cheshire
CH1 1QE
Page 3
KG Newco Limited
Dormant Profit and Loss Account Statement
For The Year Ended 30 December 2018
Dormant Profit and Loss Account Statement
The company has not traded during the year or the preceding financial year. During these years, the company received no income and incurred no expenditure and therefore made neither profit nor loss.
Page 4
KG Newco Limited
Balance Sheet
As at
30 December 2018
Balance Sheet
2018 | 2017 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 3 |
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CURRENT ASSETS | |||||
Debtors | 4 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 5 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 6 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | (15,763) | (15,763) | |||
Page 5
KG Newco Limited
Balance Sheet (continued)
As at
30 December 2018
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
On behalf of the board
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The notes on pages 7 to 8 form part of these financial statements.
Page 6
KG Newco Limited
Notes to the Financial Statements
For The Year Ended 30 December 2018
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
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 company was dormant throughout the period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was five.
3.
Investments
Unlisted | |
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Cost | |
As at |
1,652,455 |
As at |
1,652,455 |
Provision | |
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Net Book Value | |
As at |
1,652,455 |
As at |
1,652,455 |
The company's investments at the balance sheet date in the share capital of companies include the following:
K G Coating Limited
Nature of business: Metal Finishers
Class of shares: Ordinary
Holding: 100 (100%)
Aggregate capital and reserves at 30 December 2018 £1,909,760 (2017: £1,758,067)
Profit/(loss) for the year 30 December 2018 £187,585 (2017: £129,122)
4.
Debtors
2018 | 2017 | ||
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£ | £ | ||
Due within one year | |||
Other taxes and social security |
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Page 7
KG Newco Limited
Notes to the Financial Statements (continued)
For The Year Ended 30 December 2018
5.
Creditors: Amounts Falling Due Within One Year
2018 | 2017 | ||
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£ | £ | ||
Other creditors |
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Amounts owed to group undertakings |
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7.
General Information
KG Newco Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08272250 . The registered office is C/o SPS Technologies Limited, 191 Barkby Road, Troon Industrial Estate, Leicester, Leicestershire, LE4 9HX.
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