66 Kyrle Road Limited - Period Ending 2019-05-31

66 Kyrle Road Limited - Period Ending 2019-05-31


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Registration number: 04000360

66 Kyrle Road Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 May 2019

image-name

Chartered Accountants

 

66 Kyrle Road Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4 to 5

 

66 Kyrle Road Limited

Company Information

Directors

Mrs K E Cunniffe

Mr J M H Chiu

Company secretary

Mrs K E Cunniffe

Registered office

Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

Accountants

Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
66 Kyrle Road Limited
for the Year Ended 31 May 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of 66 Kyrle Road Limited for the year ended 31 May 2019 as set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.

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 at
http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of 66 Kyrle Road Limited, as a body, in accordance with the terms of our engagement letter dated 10 February 2015. Our work has been undertaken solely to prepare for your approval the accounts of 66 Kyrle Road Limited and state those matters that we have agreed to state to the Board of Directors of 66 Kyrle Road 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 66 Kyrle Road Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that 66 Kyrle Road 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 results of 66 Kyrle Road Limited. You consider that 66 Kyrle Road Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of 66 Kyrle 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 accounts.






Edwards & Keeping
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

25 November 2019

 

66 Kyrle Road Limited

(Registration number: 04000360)
Balance Sheet as at 31 May 2019

Note

2019
 

2018
 

   

£

£

£

£

Fixed assets

   

 

Tangible assets

3

 

2,000

 

2,000

Current assets

   

 

Debtors

4

324

 

306

 

Creditors: Amounts falling due within one year

5

(324)

 

(306)

 

Net current assets/(liabilities)

   

-

 

-

Net assets

   

2,000

 

2,000

Capital and reserves

   

 

Called up share capital

2

 

2

 

Share premium reserve

1,998

 

1,998

 

Total equity

   

2,000

 

2,000

For the financial year ending 31 May 2019 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 for issue by the Board on 23 November 2019 and signed on its behalf by:
 


Mrs K E Cunniffe
Company secretary and director

   
 

66 Kyrle Road Limited

Notes to the Financial Statements
for the Year Ended 31 May 2019

1

General information

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

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

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.

Revenue recognition

Other operating income comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold land

No depreciation provided

Freehold buildings

No depreciation provided

Tangible fixed assets consist solely of the freehold interest in the property known as 66 Kyrle Road.

Freehold buildings are not depreciated on the grounds that any annual depreciation charge and accumulated depreciation would be immaterial due to the high residual value of the property.

Debtors

Debtors are amounts due from the directors/leaseholders for services performed in the ordinary course of business.

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

66 Kyrle Road Limited

Notes to the Financial Statements
for the Year Ended 31 May 2019

Creditors

Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Tangible assets

Land and buildings
£

Total
£

Cost

At 1 June 2018

2,000

2,000

At 31 May 2019

2,000

2,000

Carrying amount

At 31 May 2019

2,000

2,000

At 31 May 2018

2,000

2,000

4

Debtors

2019
£

2018
£

Other debtors

324

306

324

306

5

Creditors

Creditors: amounts falling due within one year

2019
£

2018
£

Other creditors

324

306