Kushville Ltd - Accounts to registrar (filleted) - small 18.2

Kushville Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 06246507(England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2019

for

KUSHVILLE LTD

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Contents of the Financial Statements
for the year ended 31 May 2019










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KUSHVILLE LTD

Company Information
for the year ended 31 May 2019







DIRECTORS: Mrs K K Sidhu
Dr K Sidhu





REGISTERED OFFICE: Waterside House
Waterside Business Park
1649 Pershore Road
Birmingham
West Midlands
B30 3DR





REGISTERED NUMBER: 06246507(England and Wales)





ACCOUNTANTS: Stanley Yule Chartered Accountants
Waterside House
Waterside Business Park
1649 Pershore Road
Birmingham
West Midlands
B30 3DR

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Balance Sheet
31 May 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,201 8,450
Investment property 5 1,957,299 747,852
1,972,500 756,302

CURRENT ASSETS
Debtors 6 252 134,055
Cash at bank 3,087 1,471
3,339 135,526
CREDITORS
Amounts falling due within one year 7 1,947,258 891,662
NET CURRENT LIABILITIES (1,943,919 ) (756,136 )
TOTAL ASSETS LESS CURRENT LIABILITIES 28,581 166

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,481 66
28,581 166

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Balance Sheet - continued
31 May 2019


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25 February 2020and were signed on its behalf
by:




Dr K Sidhu- Director



Mrs K K Sidhu- Director


KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Notes to the Financial Statements
for the year ended 31 May 2019


1. STATUTORY INFORMATION

Kushville Limited is a private company, limited by shares, registered in England and Wales. The company's
registered number is 06246507 and registered address is as follows:
Waterside House
Unit 3 Waterside Business Park
1649 Pershore Road
Birmingham
B30 3DR

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.

Turnover
Turnover represents rents receivable during the financial period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes
in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and
Retained Earnings, 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 2(2018 - 2) .

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Notes to the Financial Statements - continued
for the year ended 31 May 2019


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2018 9,535
Additions 10,555
At 31 May 2019 20,090
DEPRECIATION
At 1 June 2018 1,085
Charge for year 3,804
At 31 May 2019 4,889
NET BOOK VALUE
At 31 May 2019 15,201
At 31 May 2018 8,450

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2018 747,852
Additions 1,209,447
At 31 May 2019 1,957,299
NET BOOK VALUE
At 31 May 2019 1,957,299
At 31 May 2018 747,852

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors - 4,946
Other debtors 252 129,109
252 134,055

KUSHVILLE LTD (REGISTERED NUMBER: 06246507)

Notes to the Financial Statements - continued
for the year ended 31 May 2019


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 1,290 -
Taxation and social security 8,196 -
Other creditors 1,937,772 891,662
1,947,258 891,662