KYCC Guildford Filleted accounts for Companies House (small and micro)

KYCC GUILDFORD LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 12997949

KYCC Guildford

Filleted Unaudited Financial Statements

30 November 2021

KYCC Guildford

Statement of Financial Position

30 November 2021

	30 Nov 21
Note	£	£

Fixed assets

Investments	4		197,500

Creditors: amounts falling due within one year	5	205,609
		---------
Net current liabilities			205,609
			---------
Total assets less current liabilities			( 8,109)
			-------
Net liabilities			( 8,109)
			-------

Capital and reserves

Called up share capital		3
Profit and loss account		( 8,112)
		-------
Shareholders deficit		( 8,109)
		-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 30 November 2021 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 financial statements for the period in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 17 June 2022 , and are signed on behalf of the board by:

Y M Chan

Director

Company registration number: 12997949

KYCC Guildford

Notes to the Financial Statements

Period from 4 November 2020 to 30 November 2021

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Orange Street, Haymarket, London, WC2H 7DQ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company is dependent on the financial support of the directors and shareholders, who are the company's major creditor and have confirmed their willingness to support the company for the foreseeable future.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Investments in joint ventures

Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Investments

	Other investments other than loans
	£
Cost
At 4 November 2020	–
Additions	197,500
	---------
At 30 November 2021	197,500
	---------
Impairment
At 4 November 2020 and 30 November 2021	–
	---------

Carrying amount
At 30 November 2021	197,500
	---------

5. Creditors: amounts falling due within one year

	30 Nov 21
	£
Other creditors	205,609
	---------