Kirriemuir Holdings Ltd - Period Ending 2020-07-31

Kirriemuir Holdings Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Kirriemuir Holdings Ltd

Company Information

Directors

Mr Norman Ralph Jamieson Topping Mr Paul Graham Beattie

Registered office

Suite LG 11 St James's Place London SW1A 1NP

Accountants

Charter Tax Consulting Ltd 11 St. James's Place London SW1A 1NP

Kirriemuir Holdings Ltd

(Registration number: 10863334)
Balance Sheet as at 31 July 2020

	Note	2020 £	2019 £
Current assets
Debtors	4	1,000	1,000
Creditors: Amounts falling due within one year	6	(22,740)	(17,700)
Net liabilities		(21,740)	(16,700)
Capital and reserves
Called up share capital	7	1,000	1,000
Profit and loss account		(22,740)	(17,700)
Shareholders' deficit		(21,740)	(16,700)

For the financial year ending 31 July 2020 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 by the Board on 22 April 2021 and signed on its behalf by:
 

.........................................

Mr Paul Graham Beattie
Director

Kirriemuir Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

1	General information

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

The address of its registered office is:
Suite LG
11 St James's Place
London
SW1A 1NP
England

These financial statements were authorised for issue by the Board on 22 April 2021.

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.

These financial statements have been prepared and presented in UK Pound Sterling (£).

Going concern

The directors have considered the impact that the COVID-19 pandemic may have on the business and have prepared the financial statements on a going concern basis due to the continuing support of its shareholders.

The shareholders have confirmed they will not call in loans advanced to the company, until it has the funds available to repay these amounts.

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	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2019 - 2).

Kirriemuir Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2020

4

Debtors

	2020 £	2019 £
Other debtors	1,000	1,000
	1,000	1,000

5	Contingent assets

In a prior period the company entered into an agreement, giving it the right to receive income based on the financial performance of an unconnected entity.

As at the reporting date, no income had become due or had been received by the company in relation to this agreement. Since the reporting date, but prior to finalising the financial statements, the directors have confirmed that the company has negotiated an exit fee for this agreement and the subsequent income will be declared in the next reporting period.
 

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019 £
Due within one year
Accruals	2,400	2,400
Other creditors	20,340	15,300
	22,740	17,700

7	Share capital

Allotted, called up and not fully paid shares

	2020		2019
	No.	£	No.	£
Ordinary A Shares of £1 each	500	500	500	500
Ordinary B Shares of £1 each	500	500	500	500
	1,000	1,000	1,000	1,000