Kewcalian Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC306618 (Scotland)

KEWCALIAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2019

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

J B MacIntyre

SECRETARY:

J B MacIntyre

REGISTERED OFFICE:

7 Duncan McIntosh Road

Wardpark North

Cumbernauld

G68 0HH

REGISTERED NUMBER:

SC306618 (Scotland)

ACCOUNTANTS:

Russell & Russell

Chartered Accountants

4 Royal Crescent

Glasgow

G3 7SL

The following reproduces the text of the report prepared for the director in respect of the company's

annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only

required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other

primary statements and the Report of the Director are not required to be filed with the Registrar of

Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Kewcalian Limited for the year ended 28th February 2019 which comprise the Income

Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting

records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Kewcalian Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Kewcalian Limited and state those matters that we have agreed to state to the director of Kewcalian Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Kewcalian Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Kewcalian Limited. You consider that Kewcalian 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 financial statements of Kewcalian 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 financial statements.

Russell & Russell

Chartered Accountants

4 Royal Crescent

Glasgow

G3 7SL

28th November 2019

FIXED ASSETS

Investments

4

3

3

CURRENT ASSETS

Debtors

5

41,821

56,636

Cash at bank

85,156

115,206

126,977

171,842

CREDITORS

Amounts falling due within one year

6

27,199

62,749

NET CURRENT ASSETS

99,778

109,093

TOTAL ASSETS LESS CURRENT LIABILITIES

99,781

109,096

CAPITAL AND RESERVES

Called up share capital

7

2

2

Capital redemption reserve

1

1

Retained earnings

99,778

109,093

SHAREHOLDERS' FUNDS

99,781

109,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 28th November 2019 and were signed by:

J B MacIntyre - Director

1.	STATUTORY INFORMATION

Kewcalian Limited is a private company, limited by shares , registered in Scotland. 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Preparation of consolidated financial statements

The financial statements contain information about Kewcalian Limited as an individual company and do

not contain consolidated financial information as the parent of a group. The company is exempt under

Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial

statements.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual

arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is

any contract that evidences a residual interest in the assets of the company after deducting all of its

liabilities.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st March 2018

and 28th February 2019

3

NET BOOK VALUE

At 28th February 2019

3

At 28th February 2018

3

5.

DEBTORS

28.2.19

28.2.18

£

£

Amounts falling due within one year:

Other debtors

22,331

27,946

Amounts falling due after more than one year:

Other debtors

19,490

28,690

Aggregate amounts

41,821

56,636

Other debtors includes tax payable under CTA 2010 S.455 of £9,324 (2018: £12,314) which will be

recoverable when the amounts owed by J. Macintyre are repaid.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.19

28.2.18

£

£

Amounts owed to group undertakings

25,450

56,200

Taxation and social security

-

4,800

Other creditors

1,749

1,749

27,199

62,749

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.19

28.2.18

value:

£

£

150

Ordinary shares

0.01

2

2

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28th February 2019 and

28th February 2018:

28.2.19

28.2.18

£

£

J B MacIntyre

Balance outstanding at start of year

37,889

47,089

Amounts repaid

(9,200

)

(9,200

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,689

37,889

9.	ULTIMATE CONTROLLING PARTY